Understanding Appliance Financing
Your Financing Options at East Coast Appliance
Benefits of Financing at East Coast Appliances
Why Trust East Coast Appliance?
Appliances are vital for maintaining comfort and convenience in your home. When an appliance breaks down, replacing it becomes an urgent necessity, often leading to unplanned expenses.
Even the most basic appliances can cost several hundred dollars, potentially disrupting your monthly budget. Fortunately, several appliance financing options are available to ease this financial burden.
These options allow you to immediately take home your new appliance and pay for it on a flexible schedule that suits your needs.
In this article, we'll explore the different financing solutions available, helping you find the best option to manage your expenses while enjoying the benefits of your new appliance immediately.
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Shop In-Stock AppliancesUnderstanding Appliance Financing
Before you look at the best appliance financing deals offered by East Coast Appliance, it helps to have a clear idea of how financing your purchase works.
Instead of paying off your appliance immediately, you can spread out payments over weeks or months. For example, when buying a $500 dishwasher, you might pay $50 a month or over 10 months. This allows you to buy a dishwasher today even if you don't have $500 in the bank.
Financing allows you to furnish your home without spending your savings. While upgrading your appliances, you can still maintain an emergency fund or save up for important events like weddings or vacations.
Our team at East Coast Appliance offers tailored appliance financing. Instead of expecting you to fit into existing plans, we create unique payment processes based on your financial abilities. When you enter one of our financing agreements, you can feel like you are making a sound financial decision.
Your Financing Options at East Coast Appliance
East Coast Appliance offers multiple financing options that accommodate different buyers. There is no one-size-fits-all method for securing financing.
Some of the most popular options include in-store financing, store credit cards, and snap financing. The following sections will explore these appliance financing methods in greater detail so you can feel more confident when financing appliances through our company.
Convenient In-Store Financing
In-store appliance financing allows you to make a purchase with East Coast Appliance and develop a payment plan. The main benefit of this option is that you work directly with our sales staff instead of seeking out loans through your bank or other private organization.
Customers often prefer an appliance store’s financing plan because it is faster and allows them to move through the purchase process.
This financing method is similar to appliance loans. You will make monthly payments to East Coast Appliance until you pay off your items. It is common with appliance financing to charge a small interest rate to cover the cost of the loan.
However, you can save money by paying off the loan faster. Buyers with good credit or who make partial payments on the appliances while taking out the loan can also save.
AVB Credit Card
Another appliance financing option to consider is an AVB credit card. This option offers the most flexibility because you control how much you pay off each month.
If you receive a bonus at work, you can pay off a larger portion of your appliance without waiting for the next payment. When funds are tight, you can make the monthly minimum payment and use your paycheck for other things.
Opting for the credit card financing method is also ideal if you plan to make additional purchases in the future. For example, you can finance a washer with appliance credit and use the same card to get refrigerator financing a few months later.
Investing in an AVB credit card and making payments on time could also help you boost your credit score if you need additional financing or loans in the future.
Snap Financing
If you're worried about your credit score and can't handle an unplanned purchase, like a broken appliance, consider Snap Financing. This is a lease-to-own option where you rent appliances from East Coast Appliance until they're completely paid off.
The monthly payments are designed to be small, making them affordable. Our team at East Coast Appliance can also draft a quick financing plan so you can focus on buying and using your new appliances.
This is often preferred for customers with poor credit or those not wishing to use a credit card.
Making Financing Easy at East Coast Appliance
Our primary goal at East Coast Appliance is to help customers find the perfect items for their homes. This involves guiding customers through the various brands and products available and assisting them with financing.
We provide financing to customers every single day through various methods. We do our best to make this process easy and fast so you can focus on enjoying your new refrigerator, dishwasher, range, or laundry unit.
➝ Learn More: How to Save Money When Buying Appliances
Apply Online or In-Store
East Coast Appliance is one of the top companies listed when you search for appliance financing near me; however, you don’t have to set foot in-store to take home a new unit.
We can finance kitchen appliances and other products online and make it easy to purchase your new units. If you aren't ready to buy a new appliance yet, you can visit one of our showrooms to learn about your options and apply for financing later through your computer.
One of the main benefits of securing online financing is that you can buy anytime. If you want to finance washer-dryer models, you don’t have to wait until our stores open. You can confidently make your purchase at midnight and wait for your order to arrive.
Financing Experts
One thing that we cannot stress enough in this appliance financing guide is that our showroom staff is here to help you. Each of our employees is trained on financing best practices to help customers get the products they need quickly.
Our team can quickly review your financing options and help you secure the best one. There is no judgment from our team members, especially because we often help customers with financing throughout the day.
Let's work together and find the perfect home appliances and financing options for you.
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Benefits of Financing at East Coast Appliances
There are several benefits of choosing appliance financing through East Coast Appliance. Here are a few reasons customers return to our store to buy new home appliances and get the necessary financing.
- Flexible Options: You can choose between standard appliance loans, credit cards, or lease-to-own financing options. You can also choose payment plans and rates that work for you.
- Manage Cash Flow: Don't feel overwhelmed by a large, unexpected expense. Instead, spread the payments over a desired time to make the cost more manageable. Enjoy the peace of mind that you can pay your bills each month.
- Get the Appliance You Need: Don't wait to take home your ideal appliance. Purchase the best possible model for your home today and make payments on your schedule. You don't have to live with broken or poor-performing appliances. We can help you upgrade your kitchen.
- Seamless Appliance Shopping Experience: We aim to get you the financing you need quickly. Work with East Coast Appliance instead of applying for loans through slower or more expensive lenders.
You might be surprised at how quickly your appliance financing goes through when you work with one of our professional team members. We are confident in your ability to pay off your appliances and are eager to show you how impressive our products are.
Save When You Buy at East Coast Appliance
East Coast Appliance offers several financing options, from monthly loan payments to flexible credit cards. You can set up payment plans that work within your budget and help you maintain good financial health.
Not only will our supportive staff members help you choose a good financing plan, but they can also help you save money in other ways. They can highlight seasonal sales or promotions that can make your appliances more affordable and even guide you to the clearance section, making the purchase process even more affordable.
Learn more about East Coast Appliance and why you should choose our company to furnish your kitchen and home. Then, find the nearest East Coast Appliance location near you and stop by today.
➝ Learn More: How Do Appliance Rebates Work?
FAQ
Here are some frequently asked questions about appliance financing:
What credit score is needed for appliance financing?
Most creditors look for borrowers with credit scores of at least 550 to approve loans. However, there may be times when buyers with low credit scores can still receive financing. If you have poor credit, visit East Coast Appliance to discuss your options. We will do everything we can to help you.
What is the best month to buy appliances?
You can find seasonal sales on appliances throughout the year, but most people believe the best months to buy are in November and December. These months are packed with holiday sales and are also the months when stores want to get rid of inventory. Visit East Coast Appliance during the holidays to get good deals on various kitchen and laundry appliances.
Why Trust East Coast Appliance?
Locally owned and operated since 1988, East Coast Appliance is the largest independent appliance dealer in Virginia. We sell it ALL — from new name-brand appliances to scratch-and-dent appliances to our refurbished ones. Aside from our huge selection of every major brand and everyday low prices, what sets us apart from our competitors is that we service what we sell and that we are locally owned and operated with factory-trained associates. And if you’re local, great news: East Coast Appliance is committed to providing the absolute lowest prices on the same available brand and model —bring in the ad of the local retail competitor while the lower price is in effect, and you'll receive your price match.
Shop Home Appliances at East Coast
There is a reason we are dubbed “The Discount King” — for unbeatable deals, shop appliances online at East Coast Appliance. Our friendly associates are always happy to help you find the best in-stock appliances for your kitchen, whether you call us or use our online chat feature. Better yet, stop by one of our showrooms to see why we are the best appliance store in Virginia. Visit us today!