Anyone who has ever gone shopping for a new mattress knows that it can quickly become a financial strain – especially if you want to purchase something comfortable, and not that questionable item off the sales rack. Sometimes the cost alone of a new mattress can scare someone off, leaving them with a bed that’s far past its prime.
However, a mattress is often well worth the investment when you do your research and find the right choice. After all, the quality of your mattress can directly impact how well you sleep throughout its lifetime, which in turn affects your quality of life. While you don’t need to break the bank when mattress shopping, buying a quality one is a choice you won’t regret.
Financing a mattress then becomes a way for you to gain the benefits of a better mattress without needing to pay large upfront costs. At the same time, you can even increase your credit score by making your payments on time. To help you understand if financing a mattress is right for you, read on.
What Financing Options Are Available?
Mattress retailers understand the investment you may need to make when purchasing a mattress, so they will have financing options available.
What those options are will depend not only on where you’re purchasing your mattress but also potentially your credit history.
Most mattress retailers will provide options that allow you to pay for your mattress over a period of months, usually at a minimum of three months and a maximum of twelve. The cost of your mattress and the length of your plan will ultimately determine your cost, which can help you find an option that meets the needs of your budget. Your financing plan will also involve an interest rate, so you want to account for that in your potential costs.
Tips for Effectively Financing a Mattress
While financing your mattress can be an excellent option to help improve the quality of your sleep sooner rather than later, you still want to be responsible with your purchase and not go beyond what’s financially feasible for you. To have your best experience, follow these tips:
- Set a budget. Even if you won’t have to pay full price for your mattress until later, you will still need to pay it. Set a reasonable budget and don’t go over it, even if you think there’s a chance you’ll come into the money.
- Consider making a down payment. If you can afford part of the cost of your mattress in advance, you don’t need to wait to pay. Paying for a part and financing the rest will reduce the cost of your payments.
- Learn all your options. As mentioned, mattress retailers often provide multiple financing options to better serve the financial needs of their customers. Learn what your choices are and be sure to understand if any interest rates apply.
- Make your payments on time. Financing a mattress can only help your credit if you make your payments on time. If not, you can damage your score and potentially face higher interest rates on future purchases.
Don’t let financial stress stop you from getting the comfort you deserve! Intellibed offers flexible financing options to help you get a quality mattress in your home.