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The Buy Now, Pay Later Guide to Upgrading Your Appliances

The Buy Now, Pay Later Guide to Upgrading Your Appliances

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How To Finance Your Big Appliances

Looking to upgrade but don't have the funds? From refrigerators, washers, dryers, dishwashers, and ovens, and energy efficient appliances too, this article shares all the BNPL buy now pay later financing options.

We’ve all had that moment of dread: When the dishwasher leaks, and leaks, and leaks; when the refrigerator starts making that awful hum; or when you start to think you’re spending more time deciphering your washing machine’s error messages than it would take to do a load by hand.

Most major home appliances last between 10 to 15 years, even if you maintain them well. If they’re acting up on the regular and you realize you’ve gone past the decade mark, you might decide it makes more sense to replace than repair.

The good news is newer appliances are generally more energy efficient, so you can take this opportunity to invest in a product that not only works but also might help you save on your bills. Appliances typically make up 20% of your electric bill; when you start shopping, look for Energy Star to ensure you’re getting one of the most efficient appliances around.

Of course, the bad news is that big appliances are expensive. And they’re not an item you want to wait to save up for if you can help it – doing the dishes by hand is alright for a night or two, but if you’re looking at months or years, you might be tempted to pull out your credit card or dig into your savings. Luckily, there’s a better way: Buy now, pay later.

How Buy Now, Pay Later Works

It used to be that people would buy big items like refrigerators on a layaway system. You would find an item you liked at the store and put down a deposit, followed by regular installments until you paid for the whole thing, at which point you could take it home.

Think of buy now, pay later as a similar system with one major difference: You don’t have to wait until you’ve fully paid off the appliance to bring it home. Once you put down that first installment – the deposit – you can take your new refrigerator or dryer home and start using it immediately. You’ll then pay off the remaining amount over time in regular installments.

Why Use Buy Now, Pay Later for Big Appliances

Buy now, pay later services are a great way to budget after-the-fact for big purchases you need to start using right away. Instead of putting down $800 at once for a new fridge, for example, maybe you can put down $200 while still staying in your budget, and then another $200 every time you get paid until your refrigerator is all paid off.

The other reason to consider buy now, pay later is because for big purchases like appliances, it sometimes makes sense to put down a little more money for higher efficiency appliance that will last longer.

Do the math, and make sure you’re not spending beyond your means, but you may find that investing an extra $500, for example, in your appliance means that it will likely last another few years and help you save on your energy bills. If you know that something would be a better deal in the long run, but you need help paying for it in the short run without overextending your credit, you might want to consider buy now, pay later.

Where to Shop for Buy Now, Pay Later Appliances

Ready to start looking at new dishwashers, washing machines, driers and more? Here are a few places to consider making your buy now, pay later purchase:


You can buy now, pay later service Klarna to shop for appliances from LG. You can see if your order is eligible for financing or four interest-free payments from Klarna once you go to checkout. You’ll submit a few details and within seconds, know if you’ve been approved.

How To Finance Your Big AppliancesHow To Finance Your Big Appliances

The Home Depot

The Home Depot offers various no interest financing card options including a project loan.

At the Home Deopto look at the project loan card to make your next home improvement or appliance purchase more affordable.

  • 6 months to purchase everything for your project*
  • Fixed low monthly payments with more time to pay and flexibility to pay off any time.**
  • Loans up to $55,000 to purchase all your project materials and more.
  • No Annual Fees.

Best Buy

Another option for your next big appliance is Best Buy. You can use Progressive Leasing to purchase your appliance using buy now, pay later. The retailer also sometimes offers deals like 24 month financing, so be sure to keep an eye out for opportunities to make your appliance purchase more affordable.

Sam's Club

Sam's Club members can make their purchases even more affordable by using Affirm to make their next purchase. You don’t have to buy your appliance online, either. You can head to the store, check out the appliance in person, and use Affirm to make a buy now, pay later purchase right then and there. has partnered with Affirm to offer a new payment method at checkout. Affirm is a financing alternative to credit cards and other credit-payment products. With this new option, Members are offered real-time financing for online purchases that can be paid in fixed monthly payments over three, six, or 12 months.

The benefit of financing with Affirm is that a decision happens almost immediately, checking eligibility won't affect credit scores, and members who may have difficulty getting a credit card may still be approved for installment financing.

Looking to explore more shopping options? Check out this list of “Buy Now Pay Later Online Stores” to conveniently upgrade your appliances without breaking the bank. Happy shopping!

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