bad credit financing

How To Strategically Purchase Appliances This Year

Appliances are an unavoidable part of modern life. Much to our dismay, they usually cost a pretty penny. If you don’t have a stash of money set aside specifically for when your outdated refrigerator finally gives out, you may find yourself in a bit of a bind. Discover these strategies to buying appliances on a budget and you won’t have to fear not being able to replace a major appliance again.

Buy at the right time

There are certain times of year when tons of new appliances are marked down. The months of September, October, and January are when manufacturers tend to release new appliance models. Retailers then discount last year’s inventory in order to make room for their new products. The major exception to this rule is with refrigerators, the new models of which usually come out in the spring. The last day of any month will also have several discounts, as retailers want to meet their sales goals for the month. Major holidays such as Memorial Day, Labor Day, and President’s Day usually see steeply discounted appliances as well.

Lease purchase programs for appliance financing

If your water heater suddenly gives out — showering alone does make up over 17% of your home’s indoor water usage — you may not be able to strategically plan when you will buy a new one. You need it now. This is when you can turn to programs that provide financing for appliances. These lease to own programs offer bad credit financing and flexible terms, so that your financial history doesn’t impact your purchasing abilities now.

Search for online bargains

With some savvy computer skills, you can find great appliance deals online. Certain online data trackers can help you spot the most opportune times to get the best deals on the appliances you need. Other online applications will scour the internet for applicable discount codes and deals at any time of the year.

The feasibility of these options will depend on your individual situation. If you’re considering the second option of a lease purchase program but you’re in the process of rebuilding your credit, turn to Okinus’s bad credit financing options that can help you get the appliances you need today.

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