How to Finance a Tanning Bed With Bad Credit

Having a tanning bed at your home can save you a significant amount of money in just a few years of use, especially if you are an avid tanner. Beds are expensive, however, and individuals with credit trouble may find themselves unable to finance their bed. For people who have a poor credit history, finding a tanning bed will be a balance between doing research to find the best possible price and saving money for a hefty down payment. Does this Spark an idea?

Research tanning beds on sale in your area. Search the classifieds section of your local paper for tanning bed suppliers and outlets. Go online to Craigslist.com to find people who are offering tanning beds.

Contact sellers and ask what their financing rates are. Some sellers may be willing to let you finance a tanning bad with bad credit in exchange for a high interest rate.

Save as much money up as possible for a down payment. Tanning beds range in price from a few thousand on the low end up to $10,000 to $15,000, and you will want to pay at least 20 percent of the cost of the bed up front. (Reference 1)

Make your final offers to the sellers when you have saved up enough to comfortably cover 20 percent of the cost as a down payment. Negotiate the lowest interest rate you can, but keep in mind that sellers will likely value a large down payment over a high interest rate for those with bad credit. (Reference 2)