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Furnish Your Home on a Budget with Furniture Financing

by Michael Webster

Cheerful sales woman showing a design on tablet to mid adult couple looking for furniture at a home store.

Buying new furniture for your home is usually a pretty complex process that involves several significant considerations before making the final purchase. You have to think about the size, style, color, and most importantly, the cost! Purchasing home furniture items such as a sofa, dining room table, or bed can often prove to be quite the hefty investment. Although these pieces are essential in the process of turning a living space into a home, it can sometimes be tricky to come up with the proper amount of funds to cover these additional expenses. It is that very same reason why most furniture retailers offer the option of furniture financing.

Furniture financing gives you the opportunity to fit out your home sooner and pay off the purchase over time. And although furniture financing can be a helpful tool when it comes to purchasing your home’s key pieces, it’s important to have a full understanding of the financial agreement you’re committing to. To help point you in the right direction of this accommodating service, our experts have curated a guide that will outline everything you need to know about furniture financing and how it can assist you in purchasing the ideal pieces for your home ― and not bust your budget.

How Much Should I Spend for Furniture?

Close up of a woman using calculator and laptop, calculating finance at home.

First and foremost, you’ll need to establish a budget for the furniture you want to purchase. If you’re considering furniture financing, we think it’s safe to say that you’ll be working with a somewhat limited budget, but don’t fret ― there are an ample amount of affordable options available. If you do end up deciding to finance your furniture purchase, you’ll still want to make absolutely sure you’re well within your budget to pay it off. Also, make sure to factor potential interest payments into your total costs for the most accurate estimate. Whichever option you decide to go with, it’s always a great idea to weigh out your options carefully to ensure you get the best deal and can stick to the potential repayment schedule.

What is the Cheapest Month to Buy Furniture?

Young woman out shopping with her husband in a furniture shop.

No matter what the product is, whether it’s furniture, cars, or real estate, everyone always wants the best price available. If you (like many others) are curious as to when furniture prices are at their lowest throughout the year, we have the answer for you! Furniture prices reach their lowest peak right before new inventory is set to be released, meaning the two best times of the year to buy furniture are in late winter around President’s Day (February-March) and late summer near Labor Day (August-September.) So, if you’re on the hunt for furniture on a tighter budget or considering financing a piece or two, it could pay huge dividends to do your shopping near these two US holidays.

>>Shop Our Living Room Furniture Catalog<<

Is it Hard to Get Furniture Financing?

For most cases, furniture financing is provided to individual stores by a bank or other third-party financial institution. And usually, getting approved for furniture financing only requires a simple credit application. This is used to reassure the financial institution and retailer providing the loan that you are going to pay off the balance within the given time period. The application is done through the financial institution providing the loan as they have their own specific credit requirements.

Friendly sales clerk helping adult couple look for furniture looking at a design on man's smartphone at a furniture store.

Once your credit is approved (which is dependent on multiple factors), the financing companies will provide loan options, and the retailer will pay a small surcharge. And as a result, some financing options require additional fees as a way to compensate the retailer. If a furniture retailer is having a promotion and advertising a “no administration fee” or something similar, then they are willing to eat a bit of the cost and provide a significant discount on products.

If you absolutely need furniture and don’t have the appropriate funds to pay for it on the spot, you most certainly still have options. Here at Great American Home Store, we’re one of the best places to buy furniture on a budget. We offer several different flexible financial options for our customers interested in delayed payments. However, we, unfortunately, don’t offer in-house financing. So, the next time you’re wondering if there’s any furniture financing near me, you can always count on your friends at the Great American Home Store to find you the best deal for your budget.

>>Learn More About Furniture Financing<<

Pros & Cons of Furniture Financing

Across the country, thousands of furniture stores that finance work hand-in-hand with various financial institutions to provide consumers with affordable payment plan options when they can’t or don’t want to pay the full retail price upfront. And while this does present a very positive opportunity for many households that have tighter budgets, financing furniture isn’t for every home out there. Before you make your final decision, take a quick moment to consider the pros and cons that come along with financing furniture:


✓ Get your furniture right away without any delays

✓ Opportunity to improve your credit score

✓ Makes for better use of your funds

✓ Potential investment free loan (*if within a promotional period)


☒ Could end up paying more than the retail price 

☒ May have to make larger interest payments

Why Trust Us?   

Boasting the largest selection of in-stock home furnishings in the Mid-South, the Great American Home Store is your one-stop shop to find all the furniture and décor items your home needs. Our buying team is constantly searching across the globe for the next hot style in home fashion products. We go to several markets a year comparison-shopping to ensure you’ll be able to find everything from formal living to casual comfort at the lowest prices. Since our business is backed by the manufacturer, we can promise that we bring you all your furniture needs at prices that are far below our competitors’.   

At the Great American Home Store, we also understand the importance of offering a vast selection for any-size budget. We offer many flexible financing options with approved credit so that you can find the perfect furnishings to reflect your unique style.   

Shop Affordable Home Furniture at American Home Store    

The home of your dreams is closer than you think. Save on furniture online or visit us today at one of our stores in Memphis, TN and the Mid-South. Check out our website to shop local furniture sales and subscribe to our email list to be the first to learn about our special offers. Our experts at Great American Home Store are always happy to help you with all of your furniture financing needs — whether you call us or use our online chat feature. Contact us today!   

Learn More: How Much is a Couch Really?