Car tires are one of the indispensable elements for the proper functioning of the vehicle. At the same time, it is also one of the most frequently used parts and needs to be changed most often. This is why many people wonder how to finance tires with bad credit.
This is not just something that is happening to you. Many people in the United States have bad credit and even no credit. The cost of living, the difficulty in saving money, and borrowing for necessities, make this economic situation common.
However, for the vast majority of people, a car is one of the things they need most in their daily lives. For work, shopping, picking up the kids from school, or other errands. The tires have to be in top condition, and for this, they have to be changed from time to time.
If the time has come when you have to change your car’s wheels, and you don’t know how you will pay for them, read carefully because we will tell you how to finance tires with bad credit.
What can be the cost of changing car tires?
The price you have to pay for a tire change will depend on many factors. First of all, you may want to change tires one at a time to save some money. Secondly, it is possible that by changing all four tires, the price of your car will be more or less economical.
Suppose we can say that the average price of changing the car’s four tires can range from $ 500 to $ 3500. It is a high cost that not everyone can afford.
On the plus side, it is possible to finance it even if you have bad credit or even if you have no credit because you haven’t had the opportunity to buy anything to raise your score. Think that there are even financial institutions that grant microcredits for lower costs, so a credit to finance tires is perfectly possible.
And how will you be able to finance the car’s wheels with bad credit? We will tell you some of the easiest and least demanding options so that you can make the change without problems and thus use your car.
How to finance tires if you have a bad credit rating
The purchase and replacement of tires can be funded with the help of any financial institution you have dealt with before. However, there is also the possibility of buying tires through a website that allows financing.
Here we are going to tell you about some of the most frequent websites where you can get that financing to change the tires with bad credit:
Dan, the tire man
This is one of the most famous vehicles and tire stores in the United States and one of the best for getting your tire replacement financed with bad credit.
One of their main advantages is that they don’t ask you for any upfront application fee to finance the tire change, which is often the case at other stores. And they don’t look at your credit system score or if you have bad credit or no credit.
However, this company does have some requirements to get the wheel change financed: be over 18 years old and have a fixed income. Also, have a credit or debit card in your name.
Once you get the financing, you will have to pay $49 for the financing costs. Your wheels will be replaced, and you will have up to one year to pay back the money.
There is also the WheelFire option, which is a good option if you have bad credit and little demonstrable income. They will not ask you for any down payment, nor will they check your credit or your accounts.
However, nobody gives anything away, and what they will do is ask for a fairly high percentage of interest, which can range from 10% to 30%, depending on how long it takes to pay back the money for the tire change.
The payback times are three months, six, or twelve months depending on what you need. The return of the product, i.e., the tire, will not be allowed after the first 15 days in which the replacement is made.
Discounted Wheel Warehouse
This is another of the options you have to finance the change of wheels of your vehicle. Although it is usually one of the establishments where most people go to ask for financing with bad credit, the truth is that they have quite a few requirements.
Some of these requirements are having to pay $40 initially to get the financing, having an income of at least $1,000 per month, a driver’s license, and a social security number.
Then you can choose whether to pay your wheels off slowly, over three months, and up to 12 months maximum.
In short, there are options for financing new tires even if you have bad credit. All you have to do is look for information on the internet and follow our recommendations on these three establishments that offer the best possibilities.
There are also more local options and establishments in small places that may or may not be useful to you, depending on where you live.