Q:

Can TVs be purchased on monthly payments?

A:

Quick Answer

It is possible to purchase a television on a monthly payment plan from many stores, either using a store financing plan or from a rent-to-own store. However, financing televisions often increases the final cost substantially, and not all consumers qualify for all monthly payment options.

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Full Answer

Paying for a television with monthly payments usually increases the overall cost of the television due to interest and finance charges associated with the financing plan, though in some cases it is possible to find no-interest financing on a television. Rent-to-own businesses typically charge more over the lifetime of the payment plan than other retailers.

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