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Financing tires. Few people think about it until it's time to get a new wheel and tire setup, and you get a surprise with the huge total at checkout. 

Spending anything more than $1,500 on tires and wheels can be a tough pill to swallow, especially for the cash-strapped. However, throughout the years, tire financing options, such as those offered by Affirm, Katapult, or PayPal Credit, have truly taken the guesswork out of financing tires. 

But as with everything else, no two tire financing schemes are created equal. This is why you need to know the best option for you when choosing the right program to finance your brand new set of wheels.

As experts, we have years of experience in the automobile industry and are in the ideal position to help guide all those vehicle owners out there who are searching for reliable and affordable tire financing options. So, without any further ado, let's get started.

Table of Contents

Financing Tires: The Options

People frequently argue that they can't afford new tires for their vehicle simply because of the high cost, even though their present tires are endangering their vehicle's safety and performance. Tires and/or wheels are indeed a significant financial investment for any car owner. Tire prices have risen in recent years, and most individuals expect to pay between $800 and $1000 on new tires and installation, which is a lot of money.

Many folks are also unaware that they do not have to pay the complete amount for the new tires or wheels upfront. That's right. All you have to do is go online to find a whole range of wheel and tire financing solutions are available to help you get excellent and safe tires for your car. And that's not the best part.

What's great about financing tires for your car is that you can even find tire financing options if you have bad credit. So, there's simply no more excuse for not getting new tires for your car, even if you do not have enough money.

The truth is, just because tires are expensive does not mean you should put off buying them for your car. One of the main reasons you should never undermine the importance of getting new tires for your car is because your safety and the safety of the vehicle's occupants and other drivers on the road might be jeopardized if your tires are too worn.

Besides, the number of accidents that have been associated with old and worn-out tires has been well documented. So, the good news is that you may pick from three different tire alternatives, ensuring that your vehicle's performance and safety are not compromised.

Tire Financing Made Easy

By far, one of the most used methods of tire financing is to go via the tire retailer. Some outlets offer a variety of tire payment plans from a variety of companies that allow you to spread the cost of your purchase over a predetermined period of time.

When picking a tire financing plan, make sure you understand all of the specifics, including the APR, any hidden costs, and late surcharges. Most importantly, your ability to pay off the loan early so that you can actually save money. To avoid falling into a tire financing plan that doesn't benefit you in the long term, make sure that you read the fine print of any tire financing policy.

If you were wondering whether you could get tire financing if you have bad credit, you might be pleasantly surprised. Ask any reputable tire financing service provider, and they will tell you that your bad credit will not come in the way of getting your tires financed. In fact, it doesn't matter whether you have bad credit, good credit, or no credit.

Car tire financing services enable vehicle owners to find the best tire to suit their needs without having to bother about whether they can afford to get the tires and wheels or not.

That being said, there is a difference between getting tire financing with no credit. For instance, the main difference between getting tire financing with no credit or bad credit is that it is more likely going to be a lease on the tires. In other words, you will need to lease the tires for your car rather than buy them. Regardless of that, the good news is that car owners will still have the opportunity to fit their vehicles with a set of new tires when they need them.

The only difference is, it will be called lease-to-own tires. Payments may be made either monthly or bi-monthly when choosing these options, depending on the tire financing provider.

One of the reasons it is so easy nowadays to get tire financing with no credit is that more and more consumer goods companies are partnering with third-party finance companies so their customers can finance their purchase at the time of checkout to get the tires they need.

The process is quick and simple. All you have to do is select the type of tires you are looking for to fix on your vehicle. You can review and compare various car tires to ensure that you get the best option.

Once you have made your choice, all you have to do is click on the payment plan that you want to apply for on the agent's website. Once your application has been approved, the car financing provider will send an access code to your smartphone. All you have to do is enter that code to confirm your identity and proceed with your request.

Tire Financing Platforms

If you are getting tire financing for the first time, we know it can be a daunting task. However, the good news is that it does not have to be that way. With the growing popularity of tire financing services for car owners who need new tires urgently, without having the appropriate funds, many tire financing platforms have sprung up which offer reliable services at affordable rates.

For your convenience, some tire financing platforms have also partnered with third-party tire agents to give their customers exclusive deals or pay-as-you-go options so that their customers are able to choose the perfect tire option and get the tire financing that suits their requirements.

Best Tire Payment Plans

Getting tire financing should not be taken lightly, mainly because getting the wrong deal may mean having to spend more money making your monthly payments at a higher interest rate. Also, since the tire payment plans vary from one tire financing provider to the other, it pays to do your research and find out all the details before you set out to get tire financing.

To be safe, here we have provided you with the names of some of the best providers of tire payment plants and their requirements so that you know exactly what you are getting into.


You may be in a less-than-ideal financial condition for one reason or another, yet you still want to acquire new accessories for your vehicle. That's not an issue with partners like Affirm since consumers can be pre-approved for financing immediately on the site, and best of all, checking your eligibility won't damage your credit score.

They also work hard with you to make your payments as inexpensive as possible, so you can be confident that no matter where you stand, you'll be able to buy the accessories you've always wanted. There are plenty of reasons why car owners often turn to Affirm when it comes to quick and hassle-free tire financing.

One of the major benefits of using their tire financing services is that you get to purchase and receive your item now and pay for it later. This enables you to divide the cost of your purchase into fixed monthly payments that meet your budget.

If you are approved for a loan, Affirm will inform you of the conditions of your loan before you complete your purchase. You'll know exactly how much you'll owe each month, how many payments you'll have to make, and how much interest you'll pay during the loan's life.

There are no hidden costs or other charges when getting tire financing from Affirm, and users get to distribute the actual price of the tires over either three months or a full calendar year for all purchases that are up to $999. You can distribute the payments to a full 18 months for purchases that exceed $1000.

PayPal Credit

Did you know that you could purchase tires on credit with your PayPal Credit account? Chances are, probably not. Well, for those of you who were wondering, you can choose to apply for PayPal Credit after selecting your tires at checkout. Tires-easy and PayPal both provide credit for tire purchases. You may use PayPal to finance a purchase of at least $99 and then pay it off over a selected period of time. You can also arrange special financing for up to 6 months, making it easier for those car owners who are cash-strapped to get their hands on new car tires.

One of the reasons why many car owners who are looking for tire financing turn to PayPal Credit is simply because of the great value for money they provide. For instance, not only do car owners have a quick and easy application process, but they also don't have to pay an annual fee or any interest if they make their payments in full within six months.


Katapult introduces a brand-new approach to make significant purchases and spread the cost over time. Katapult is a lease-to-own alternative for customers with no credit, low credit, or no credit at all. This is a fantastic alternative for purchasers who may not be eligible for Affirm. Katapult does not conduct credit checks and allows you to lease tires with just a nominal deposit.

They'll make the procedure as simple as possible by coordinating your payments based on a specific payment schedule. You can even save money by paying off your lease early, which is another great advantage for those who want to pay off what they owe for the new tires earlier than the agreed-upon deadline.

One of the reasons why Katapult is a great choice for car owners looking for affordable tire payment plans is that they offer easy payment options to find the perfect tire payment plan that suits your needs.

They also offer the quickest application processing that only takes 60 seconds to get your application for financing tires approved. And the best part is that users do not have to bother about late charges since Katapult doesn't charge any late fees.

Ending Note

Getting tires for your car isn't as straightforward as it once was, thanks to the many tire options available in the market today, but that's no excuse not to get a new tire. Neither is not having the funds to pay for the new tires for your car.

Since swapping your old tires for a set of new ones can not only give your vehicle better control of the road but can also improve your car's mileage, not to mention possibly save your life and that of your passengers, it pays to invest in new tires if you notice wear and tear on your existing car tires, or have been recommended a tire change by the mechanic.

Not changing your tires when you need to may only result in an accident or worse, which is why it is always best to make sure that you change the tires of your car when needed by using these easy and efficient tire payment plans.

Tire Payment Plans: Financing Options

About The Author

Charles Redding

Charles Redding

I've spent many years selling cars, working with auto detailers, mechanics, dealership service teams, quoting and researching car insurance, modding my own cars, and much more.

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