How to Finance Rims and Tires
- 1). Check your credit report. Your credit report can give you insight on the interest rates you can expect to pay and whether creditors will consider you a good risk as a borrower. The Fair Credit Reporting Act allows you access to one free copy of your credit report every 12 months.
- 2). Contact dealers to see whether they offer rent-to-own rims and tires. Some online dealers offer rent-to-own packages for a small down payment to qualified buyers.
- 3). Check with local dealers and ask whether they have in-house credit or an arrangement with a lender to finance purchases. You may also be able to arrange a layaway agreement in which you pay for the purchase over time before you receive the rims and tires.
- 4). Contact your bank. Banks will often loan money quicker to customers who have accounts with them because they have much of the information they need and can verify through your current accounts your credit worthiness.
- 5). Compare the interest rates and payment terms for loans to select the best one for your financial situation.
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