You’re going to be moving in a few months. The good thing about that is you’ll have a place of your own at last. The bad thing is you have no furniture.
Starting from scratch isn’t easy. It can be expensive to finance furniture and fill your place with what you need.
For some people leasing chairs and couches is a great avenue to go down. When you rent furniture, there will come a time when you have to give it back, but you won’t have to meet a credit check.
On the other hand, if you have a good credit score, the monthly payments for buying furniture won’t be too horrible. Keep reading to learn which option is best for you.
Money-Saving
When making your decision, the most important factor is going to be your wallet. If you don’t have a lot of money to play around with every month, leasing might make the most sense.
Lease agreements often come with smaller payments. You may need a small downpayment when you click here to go to furniture stores that finance, but it won’t be on the same scale as taking out a full-on loan.
Cleaning
When you own a piece of furniture, spilling wine on it is no problem. It might stain, but you can flip the cushions over or use a throw pillow to cover it up.
When you rent furniture, you have to do all in your power to keep your couches and chairs clean. You may get hit with a fee if you spill red wine on the thing that you’re leasing.
It can cause a lot of stress in your household. Well, it will cause a lot of stress unless you cover your furniture in plastic. It’s not the most comfortable solution, but it’s a solution.
Your Credit History
If you need no credit check financing, leasing might be your only option. The store may do a credit check before they send you home with anything, but it’s not something they’re too fussed about.
If you need a loan to buy furniture, on the other hand, that’s a whole other ball game. There are a lot more stringent requirements that you’ll have to meet.
Returning and Selling Furniture
Again, when you lease furniture, it doesn’t belong to you. When the terms of the contract are up, you have to return what you borrowed. Parting is always sweet sorrow if you loved what you had.
You also can’t sell your rented furniture if you’re still making payments. So, if you need to get rid of some stuff when you move again, you’ll be out of luck unless you own it.
How to Finance Furniture and Get What You Need
When you’re moving into a new place, one of the biggest issues you’ll have is furnishing the place. Buying a bunch of new couches and tables isn’t cheap.
How you finance furniture is going to depend on your personal preferences, how much financial wiggle room you have each month, and your credit score. In some cases, leasing makes more sense than buying and vice versa.
To get more tips that will help you set up your new home, feel free to explore the rest of our blog.
