Appliance financing
The purchase nobody plans for. A refrigerator does not fail on payday, which is why appliances are one of the most financed categories in the country.
The short version
Appliance purchases are usually urgent rather than planned, which is why fast decisions matter more here than in most categories. Programs run from $200 to $50,000 with an instant decision in most cases, covering single units and full kitchen packages, with installation, delivery and haul-away generally financeable alongside the appliance itself.
Realistic expectations
Typical appliance tickets and which program fits
Single-unit replacements dominate, but kitchen packages are where the larger programs earn their place.
| Purchase | Typical cost | Usually financed as |
|---|---|---|
| Washer or dryer | $600–$1,400 each | No credit needed, or lease |
| Refrigerator | $900–$3,500 | No credit needed, or lease |
| Range or cooktop | $700–$2,500 | No credit needed, or lease |
| Dishwasher | $500–$1,500 | No credit needed |
| Full kitchen package | $4,000–$12,000 | Lease or installment loan |
| Laundry pair plus pedestals | $1,500–$3,000 | Lease |
Ranges reflect published program terms. Approval, approval amount and terms are determined by the provider after underwriting and are not guaranteed.
When it is urgent
What to do when an appliance fails today
Apply before you shop
An approval is a spending limit good for 30 days. Walking into the store already approved removes the pressure to take whatever financing is on the counter.
Price the repair too
Under about $400 on an appliance less than seven years old, a repair is often the better financial decision. Financing makes sense on a replacement, not on a patch.
Include installation
Delivery, installation, water lines, gas connection and haul-away can usually go into the financed amount.
Check the fit
Measure the opening, the doorway and the turn at the top of the stairs. Returning a refrigerator is possible but rarely free.
What is covered
Appliances and the work around them
Major appliances
Refrigerators, washers, dryers, ranges, cooktops, wall ovens, dishwashers, freezers and microwaves, new or scratch-and-dent.
Installation and connection
Delivery, installation, gas or water connection, venting and haul-away of the old unit.
Extended warranties
Protection plans and extended warranties can generally be bundled into the agreement rather than paid separately.
Energy ratings are worth the extra
A more efficient washer or refrigerator costs more up front and less every month afterwards. When the difference is spread across a financing term, the efficient model is frequently the cheaper total.
Keeping the cost down
Two decisions that matter more than the rate
Use the early buyout
On a lease, settling inside the same-as-cash window typically costs near retail. On a $1,200 washer-dryer pair that is often several hundred dollars saved.
Do not finance a repair bill
Financing is built for durable goods that last years. A repair on an ageing appliance financed over 24 months can outlive the appliance.
Questions
Common questions
Can I finance appliances with no credit?
Yes. The no-credit-needed program runs from $200 to $7,500 and decides on income and banking history rather than a credit score, with an instant decision in most cases.
How fast can I get approved?
Instant in most appliance categories. That matters when a refrigerator has failed and food is at stake.
Can I finance installation?
Usually yes. Delivery, installation, connection and haul-away of the old unit can generally be included in the financed amount.
Does it cover scratch-and-dent appliances?
Yes, used and open-box appliances are financed routinely. Confirm the warranty position with the retailer, since it often differs.
Can I finance a full kitchen package?
Yes. Packages between $4,000 and $12,000 are common and usually sit on a lease or an installment loan rather than the no-credit-needed program.
Keep reading
Related pages
See what you qualify for
One application, the whole lender network. Looking starts with a soft credit check and will not affect your score.