Best Tanning Beds

How to Buy a Tanning Bed, Even if You Have Bad Credit

If you have blemished credit and are attempting to buy tanning bed, you have possibly been turned down before. Finally , you may likely find someone who is willing to work with you, but beware! Predatory lending on luxury items such as tanning beds is common.

Here’s how you to protect yourself and still finish up to buy tanning bed of your dreams.

First, notice that financing would possibly not be your best option while buying a tanning bed, especially if you have poor credit. Tanning beds typically cost anywhere from $1500 to $3000 or more, but you CAN find beds – new and used – for as little as $1000 (or less, if you find a really sweet deal).

If the tanning bed you need costs $2000 and you finance, the final cost to you could be almost 2x as much. Remember, people with poor credit tend to pay extremely high rates, and yours could be over 25 percent.

Can you afford to put back $20, $30, or perhaps $50 a month for a few months? If this is so you are able to save enough to get a used tanning bed in no time.

Also, watch out for low IRs offered to people with blemished credit. This is usually a trap, because there’s often a clause that allows the bank to jack your IR sky high if you are even one day late on your payment.

Or, you could form a tanning group of your own. Ask your friends who like to tan if they want to chip in on a tanning bed with you. Work out a fair deal and get the agreement in writing, and you and your pals can say goodbye to the hassles of tanning salons for good.