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If you're in the market for a new set of tires, you may be wondering how you're going to afford them. The cost of tires can add up, but there are some ways to buy now pay later tires. Check out the options below and see which one is best for you. You'll be driving on new tires before you know it!
Did you know that the typical lifespan of a set of tires is three to your years? That’s if you drive 12,000 to 15,000 miles a year — which is about average. Replace your tires regularly and you’ll not only have a smoother ride, but you’ll also be a lot safer on the road. Worn tires can cause all sorts of problems, from making your steering wheel vibrate to not being able to grip the road properly.
(If it’s time to replace your tires, chances are there’s another car part or two you need to replace as well. Check out this list of stores that offer deferred billing on car parts or this one of stores that offer deferred payments.)
Of course, tires can be expensive. If you find that you’re in need of a new set that you hadn’t budgeted for, you don’t have to choose between being safe and being thrifty. Read onto figure out what the best way is for you to finance your new tires and where to find them.
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Should You Buy Tires Now and Pay Later?
Buy now, pay later services let you pay for items like your new tires over time. This could be a good option if you know you need new tires ASAP, but don’t have the money on-hand to pay for them immediately. By breaking up the cost of your new tires over several installments, you don’t have to worry about coming up with all the money at once or relying on credit. Instead, you can update your tires right away then pay for them by budgeting over several weeks or months.
There are a few cons to consider. Buy now, pay later services generally don’t affect your credit score. That can be a good thing — or a bad thing, if you’re working to build up your credit score.
Perpay is an exception. This buy now, pay later service is specifically designed to help you build up your credit score, so it’s a good option if you lack credit history or have a low credit score you’re looking to improve.
How to Finance Tires
Unfamiliar with buy now, pay later? Here’s how it works: You make your purchase but instead of paying for your tires all at once, you choose a payment plan that breaks up the cost of your purchase. For example, you might make monthly payments or your payment plan might be biweekly.
One popular buy now, pay later platform is Affirm. More than 1,300 merchants accept Affirm as a financing option. With Affirm, the payment plan is simple: You make four interest-free payments, with the first due at checkout.
Another option to consider is Snap Finance. Designed for people with no or bad credit, Snap Finance has an 80% approval rate for people looking to instantly have a loan approved of up to $3,000. Then, you simply pay the loan off over 12 months.
Best Sites or Pay Later Tires
Looking for the best buy now, pay later sites for a new set of tires? Here are three to put at the top of your list:
Tire Agent
This online tire retailer makes it a snap to order your next set in just a few minutes. If you’re looking for a payment plan, you only need to fill out one application to receive multiple options — and applying won’t affect your credit score. You can even get approved without a credit score. Tire Agent accepts Affirm as well as ViaBill, another buy now, pay later service.
Simple Tire
Simple Tire has more than 55 million tries — from more than 300 brands — for you to choose from, so you’re bound to find what you need. Even better, it includes a nationwide network of more than 20,000 local installers, so that after you order your tires, it’s a snap to get them installed. Simple Tire offers a number of payment options, including Affirm if you want to opt for buy now, pay later.
Priority Tire
Looking to save? Priority Tire has a number of top brands available for hundreds less than you’ll find at other online retailers. It takes buy now, pay later service Bread, which offers you an installment loan from lending partner Cross River bank. Bread can affect your credit score, so keep that in mind when using.
Best Sites to Finance Tires with PayPal Credit
Another great way to pay over time is to use PayPal Credit. If you pay for a purchase worth more than $99 in full within six months, there’s no interest. Here are four great online retailers where you can purchase new tires using PayPal Credit:
Tire Rack
Tire Rack’s tire decision guide makes it easy to find the right tires for you. The website will also help you choose an installer so you can get your car up-and-running again ASAP.
Auto Anything
This is a great option whether you’re looking for tires or car parts in general. Auto Anything sells everything from suspension systems to Tonneau covers by leading brands like WeatherTech, BAK, and K&N.
Ecklers Wheels & Tires
More than 600,000 car restoration and performance parts are available at Ecklers Wheels & Tires. You can shop by category or brand — or request the catalog if you prefer to flip through paper.
CarParts.com
You can find all sorts of car parts and accessories for up to 70% MSRP at CarParts.com. Plus, CarParts.com accepts returns within 90 days of purchase, which means if your new tires aren’t the right fit, you can simply send them back.
