Why buying appliances on finance is great for apartments

Moving into your first-ever flat? Or maybe you’re leaving a furnished apartment and need to sort out your own white goods without much notice? Here’s why buying home appliances and furniture on finance may be right for you.

At R4K Australia, we help people get the products they need when they need them. Finance or sale by instalment plans can be a more affordable means to get the bits and pieces your household needs. If you’re not sure about financing furniture and white goods, we’re here to help.

Here are the many benefits of buying home appliances on finance.

1. Lower upfront costs

The biggest obstacle to owning fridges, washing machines, dryers and furniture is the considerable upfront cost. A new fridge or lounge suite can easily cost upwards of $2,000. A lot of flatters, students and people on Government benefits don’t have the spare funds to buy new appliances and furniture outright.

For some people, second hand products can be a valid option to enjoy lower upfront costs. However, even a second hand fridge can still cost a lot of money and generally comes without warranty and may not last the distance. By buying appliances and furniture on finance, you can avoid large lump sum payments and instead pay for new, high-quality products in small instalments. For example, a Haier 450L Bottom Mount Refrigerator can cost as much as $1,869 new, but through a finance arrangement you could pay as little as $19.63^ a week.

Of course, it’s important to understand that you can have the option of flexible terms of between 12 and 36 months depending on your needs and budget. Whilst you’ll pay more in the long run than if you were able to buy outright, the benefit is that you’ll keep more money in your pocket for your day-to-day expenses and have a brand new product with full warranty.

For someone who has some form of income, but not a lot of savings, financing appliances can be a great option.

2. Get the appliances you need sooner

When you’re moving into an apartment, there’s bound to be a fair few things you need, but might not have access to. For those renting an apartment or house, buying appliances on finance can be a more realistic option when there’s a long list of white goods and furniture you need.

For example, if your new apartment has no appliances included, you might need new products such as:
Fridge and freezer (or combined fridge/freezer)
Washing machine
Couch, Lounge or Recliner

While individual appliances might be affordable, they start to add up quickly, even second-hand. When you finance your appliances, you can package those big payments into smaller, more affordable weekly or fortnightly instalments. Plus, with a huge range of furniture and entertainment technology available too, you can kit out your living room with couches, a TV and the latest Xbox at the same time. No one has a Home Phone now, so at R4K, we also provide the best new iPhones, Samsung Phones and all major mobile phones, unlocked and under warranty.

3. Flexible finance solutions

Of course, there are instalment or appliance rental options available from regular appliance stores or rental companies. So how does finance plans from R4K differ?

Simply put, when you apply for finance through an appliance or furniture store, they put your application through to a finance company, who performs extensive credit checks. For someone with no borrowing history, unemployment or benefits, these credit checks can be inflexible and unfair.

R4K understand that some customers might not have the best credit history, or any credit history at all! So, our team will work with you to provide a flexible finance term to suit your specific circumstances. We can even arrange installation, so getting the products you need is hassle-free.

4. R4K will handle repairs

Let’s face it, there’s little more frustrating than a faulty product, especially when you’ve recently moved.

That’s one of the great benefits of buying appliances on finance. If your product proves to be faulty or is damaged in a way that’s covered by the manufacturer’s warranty, all you need to do is let R4K know.

We’ll happily arrange for the pickup and replacement of faulty or damaged products, so you can keep your life moving instead of putting everything on hold if an appliance breaks.

It’s important to note that this isn’t the same as free cover. If damage is caused by accident, neglect or misuse that isn’t covered by the manufacturer’s warranty, charges will apply for repairs or replacements.

5. More options

Sale by instalment or finance plans can be a good way to build up a household of products that will last you for a decade or longer.

Through a finance program, you can buy your desired product immediately. You’ll pay weekly or fortnightly instalments for the duration of the rental period.

If you can’t see the product on our website, you can buy these household products from any brand or retailer as we special order products from our national supplier base. Simply find the products you want from any supplier, or on our website, and get in touch with us to talk about your rental options.

Is buying appliances on finance right for you?

Buying appliances on finance isn’t for everyone, but they can be a great option depending on your situation. You might consider it if you:

● Don’t have savings, but do have income.
● Receive a benefit and can’t afford the upfront purchase costs.
● Are moving house or apartment and need a lot of new appliances at once.

Like all things in life, sale on instalment plans do come with a few downsides. Most notably, you’ll likely pay a greater amount over the agreed term than if you were to buy the product outright. But sometimes, new purchases aren’t an option, and that’s when flexible finance plans can be an awesome option.

If you’re ready to buy appliances for your apartment on finance, call us now on 1300 1300 77 or apply online today.

^Prices shown are based on weekly rates over a 36 months term. Pricing is indicative and may vary between different territories across Australia.

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