Thursday, October 13, 2011

How to Finance Tires

This guest blog post was written by Freedom Rims, a Responsible Military Lender since 1983. Freedom Rims offers military financing for rim and tire packages throughout the USA.

Financing your tires could be one of the most difficult things to do. When it comes to financing, you want to make sure you are getting the best deal. Fortunately, if you need a set of tires for your car but don't know if you can afford them right now, you'll be happy to know that most tire distributors offer financing options that will allow you to purchase your tires now and pay over time. This also allows you to upgrade to a higher-quality tire to save wear and tear on their vehicles. A little preparation and a few simple steps can have your car or truck rolling on a new set of tires soon.

  1. Prior to searching for a new set of tires, you need to come up with how much you want to spend in total and how much you can afford in monthly payments. 
  2. Research tire distributors. Often times, local and online distributors offer a wide selection of merchandise along with affordable financial options that you wouldn’t get with a larger company, so it’s worth it to look into all of it. Don’t forget to ask about shipping costs with online sellers, because it might be financed into the total and make a noteworthy addition to your payments. 
  3. Choose a tire distributer that meets your needs. Don't be afraid to ask as many questions as necessary to ensure that you are getting the best deal possible. While some financing options are best for smaller purchases, other might be the better choice for larger purchases. Most distributors make themselves available for questions, but you have to make the initiative to ask the right questions. 
  4. Choose a financing option. In general, tire distributors offer financing options that allow you to spread your payments over 3, 6 or 12 months. Another potential option may be to apply for the financier’s credit card to pay for the tires. As long as you pay off the tires within a specified time, you will usually be offered a low-to-no interest financing option. 
Be sure to shop around for different promotions and read the fine print. All financing comes with strings attached, and tire financing is no different. It’s important to know and understand the details about penalties and payment dates and to avoid incurring extra costs inadvertently.
When it comes to financing your tires, you will likely find the price you want if you research the different tire promotions. Tire promotions are fairly competitive, especially among online distributors. You may find the tires you want at one location, but the price of another distributor is more appealing. See if the distributor with the tires you want would match the cost of the other. This is called price matching and it’s not uncommon.

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