FURNITURE: How to Use Furniture Financing
Let’s face it, furniture can be an expensive investment.
So, when you want to purchase new furniture for a new home, a growing family, a holiday gathering or an out-of-town guest, there are three key options for how you pay. There are pros and cons to each, so we’ve outlined them to help you make your best decision.
1. Savings / Cash
Sure! You can always pay with cash. But before you do, consider other needs that may arise, such as car repair or unexpected health care costs. Are you sure you want to allocate your hard earned cash to this purchase? If you have plenty on hand, go for it!
2. Bank Card
The points you get from using your bank card can be appealing, but what about life’s other expenses? Do you use this card for recurring expenses, groceries, entertaining? How about your credit limit on this card? Will you be “cut off” by overloading the card with this big purchase? What’s more, if you’re buying things a piece at a time, are you sure inventories won’t change and that chair you love with your sofa will still be available?
3. Special Financing
It’s always great to buy from a trusted source – whether online or in-store. It’s especially gratifying to purchase from someone you know and trust and have access to a local store if needed. Most local and national retailers offer special financing* to customers like you. And, you may be offered time to pay for your purchases. This may enable you to get everything for your project right away. While paying off one purchase, you can plan for your next home investment – and do it again and again until your home is exactly what you dreamed of.
Realize Your Ambitions with Synchrony HOME™
Next time you consider options for how to pay for major purchases, remember the advantages and disadvantages of each, including the Synchrony HOME™ credit card – a credit card that’s dedicated to helping you create the home of your dreams. Visit www.mysynchrony.com/welcomehome to learn more.
If you want to keep some of the furniture you have for sentimental reasons or to save from buying a new set, reupholstering is an option too. HomeAdvisor has some tips as well as options to find a pro.
*Subject to credit approval. Minimum monthly payments required. Promotional financing offers available at time of purchase may vary by location. See store for details.
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