How much do you expect to need?
Financing With Bad Credit
With online lending, you can finance any tool you need, even with bad credit. We help by getting you access to one of the largest lending groups online. We ourselves are not a direct lender and this is good for you. Your odds of getting an approved offer are much better with a larger group of lenders.
So, how does the process of getting plasma cutter financing work?
First, you need to get a quote. Head up to the top of the page and enter some information about yourself, your income and your bank. Your bank information is needed because, if approved for financing, your lender will deposit money directly into your account. That makes you a cash buyer. (More on that later.)
Once you complete your form, you should read the terms and then submit it the lending group. If approved, one of these lenders will make you an offer for the money that you need. You will be forwarded to their website and be given an opportunity to review your offer. Make sure you take all the time you need to understand your offer before making a decision.
Should you like the offer, you can accept it and your lender will work on getting you the money. You may receive your cash for your plasma cutter as soon as the next business day. Once it is deposited into your account, you can shop for your tool immediately.
Making Your Loan Decision
Just because you received an offer for the money you need to get a plasma cutter does not mean that you need to accept it. If you have bad credit, financing a plasma cutter will likely involve high fees and/or interest, so make sure that it is worth it.
First and foremost, you need to make sure that you can afford the payment or payments. Fit it into your budget and make sure that you have enough money to spare. Do not assume that money will just appear out of nowhere.
Second, make sure that the cost is not simply too high. This will depend on a number of factors and everyone is different. Do you need the plasma cutter for work or for recreation. Weigh in all of the pros and cons before you decide.
Buying Your Plasma Cutter
If you decided to accept your offer, now is the time to look into purchasing your plasma cutter.
Since you are a cash buyer, you have a number of benefits that you would not have if you got store credit or financing from a buy here pay here store.
Shop Any Store
You have cash in your account, so you can shop at any retailer that you like, even online stores. This means that you can get the exact model that you want. With store credit, you would be limited to the inventory on hand.
Get The Best Price
Not only can you get the exact model of plasma cutter that you want, you can also shop for the best price. Depending on the model you are looking at, you can potentially save hundreds. Use excess money to by something else for your workshop, like a pressure washer or reciprocating saw.
Look For A Used Plasma Cutter
Having cash also allows you to look at the used market. Why buy a new plasma cutter when for the same money, you can buy a lightly used one along with a hobby welder for crafts. It is your cash, so you can use it how you like.
