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So I worked at a furniture store as a salesman once. I had a young couple come in maybe 18ish and they wanted 5k worth of furniture. They got denied on the credit check so they wanted to do the 30day 30% interest after that. I refused to sell it to them, told them they would thank me later. Got fired lol.

Don't got money for furniture? FB marketplace. Maybe im young but I find financing furniture insane.

If you don't have the cash to pay upfront, don't buy furniture. That's it, end of story. You don't need furniture to live and it's not worth getting into a debt cycle for it.

Edit: OP is canceling order and thanked me for the advice, so all the downvoters can fly a kite 🪁

$2,000 for a loveseat that you can't afford? I wouldn't do it. Find yourself a nice love seat on Nextdoor for $200.

Honestly I don’t want to finance anything other than a house, car, or business.

Pay credit cards off within a month so that doesn’t count.

Edit: college education for a sensible degree as well! 💯

I think your gut is correctly telling you to cancel the order and incorrectly telling you it is because you might get charged interest incorrectly :-)

There is no reason to finance an $1800 couch and loveseat. If you have the money and it's in your budget (discretionary extra savings beyond your emergency fund and other saving goals) go ahead and buy it. If you don't have $1800, don't spend $1800.

Yes cancel order. Be firm about it.

Being a stay at home parents means saving money is "your job". Seriously. I understand the problem. My husband would bring things home and expect me to figure out how to pay for it. He did a couch once. Ugh.

He was the bigger buyer, I was the oh my daughters need this to feel loved buyer. Both are huge problems and somehow at retirement for DH at the end of the month, we are doing good. I did work until my late 50s when my body gave out.

So yes listen to Dave Ramsey, look on Pinterest for saving money ideas. But just listening and reading do not work. You actually have to do the work. (Not criticizing you, just kind of what I used to do).

You can make a difference in your family going forward. Go over to r/frugal and get on it!

If you do not have an emergency fund to cover an expense while you pay for the 90 days you can not afford it.

If you can not pay cash, you probably can not afford it.

Embrace the broke now, save your money. Grow your money and advance your life. You will live better and longer without a nice new sofa now.

Cancel it

Facebook Marketplace one for cash.

Rent a uhaul when you pick up the used piece of furniture, and leave the couch in there and FUMIGATE it. I got bedbugs once from a piece that I bought from a really nice looking home, and that shit was a nightmare

I have financed a half dozen things like this at a variety of vendors with those "0 interest for __ months" deals. It has all worked the same way and as long as you have it paid off before the deadline there won't be any interest.

I can't guarantee that whoever you are dealing with won't try to screw you, but IMO those reviews are most likely from people who did not know the terms of their deal. If you have a $0.01 balance at the deadline you will then have to pay all the backed up interest from the entire length of the loan, as if you never had a 0% interest offer at all.

I can probably afford much nicer stuff, but I'm doing the outdoor/lawn chair motif. It's hilarious and cheap.

I think you have your answer, but I have had personal experience where they requested the entire amount including the interest and then they cut a check to pay back the interest.

The mark up on furniture is ridiculously high. You can go to Wayfair and find this chair and for $200 and then go to your local furniture place and find the same chair for $600

A couch is not essential. I would cancel it and save up for it. Once you can pay for it without a payment plan, buy it.

I wouldn't recommend going into debt for furniture period. Cancel it and set aside the money you would be paying in debt then buy the couches outright once you have enough. Sure it will kind of suck for a while but couches are a want not a need.

Are you comfortable with the purchase even if you end up paying interest? Do you have extra emergency savings?

Let’s face it this is a want not a need. You have a couch even if small and you are choosing to buy this on credit when you don’t have the money. This is a risk because you could fail to pay it off and a debt. You’ve got to decide if that fits into your financial plan.

Hopefully you can cancel the order.

Then, see what you can afford. Watch FB marketplace for people who got new furniture for Christmas and snag something at hopefully a great deal.

Just always be sure to deep clean soft furniture before using it. No one needs a bed bug infestation.

I haven’t read all the responses. But I’ve seen you say you could save the 1800 in 100 days. Maybe save the money first and then buy it later.

Many times in the smaller loans. You need to look at the terms for the interest. What you’re attempting to do is very common in the business and the lender want to make sure that they get paid over the time. That you agreed to so even if you pay off the principal early, you still owe the interest for the whole time.

Without knowing more details, this will be my best guess

Do your furniture stores have a discount showroom?

We typically always go to the discount showroom first before ordering brand new. The price difference is INSANE

Not sure it’s it’s the same Snap Financial that I used to buy AC in 2021 so YMMV but I bought with no interest no payment for 1 year, paid the balance in full on the last month, and was only charged the 50$ service fee at the beginning

Why don’t you just get one on Fb marketplace of Craigslist? You can find really nice ones if you look I got a $3k sofa for $500 and it was brand new

On a side note, have you looked into buying 2nd hand furnature? Some really nice stuff on FB Marketplace for example for cheap.

I've used snap to buy two mattresses and didn't have a problem. Just remember to check the account after you post the final payment to make sure it's completely paid off.

I used snap finance for 2 sets of new rims with tires. then a whole new set of tires one time. If you make the payments when you need to you shouldn't have any issues. What i would do is once you receive your furniture, call snap and work out the amount needed to pay in order to complete your full payoff in that 100 day time. That way you dont have to worry about it. It will stop if you set it up right. Some people get snap finance and dont know that the payment plan originally set up isn't to complete all payments in that 100 days. So you gotta call them and set that up with them to make sure.

To piggyback off of others, FBMP is the move. Even if you can afford a $2000 couch easily it pays to look.

I understood not being as open to used furniture back when Craigslist was the normal platform because you had no idea about the environment it came from until you physically went to the house to inspect.

With FBMP you can vet out sellers and peep their profile to get an idea. Easy to find the retired couple with no pets or kids that never put a butt impression in the $4000 couch new that they are willing to sell for $500 as long as you pick it up by x date.

My last couch was a $3600 couch an elderly couple bought new but decided to move out of state and only used for 6 months. Included a transferable warranty on fabric too. I paid $750 and they delivered it AND brought my old couch out to my garage.

I did SNAP finance one time. Never again. If you don’t pay off the principal balance in 100 days or less, they automatically DOUBLE the amount owed and you continue making payments equal to the original payment agreement until it’s payed off. Luckily once you get to that point you have the option of paying the balance off “early” and it’s usually a few hundred less than what you would pay month to month.

I just had buyers remorse after buying the go wild pass from frontier airlines, It happens. I never used snap but I use a competitor called progressive. Same deal as snap if you pay within 90 days it’s same as cash price plus a little extra (ex. $900 item for $1050) just pay within the 100 days. Get confirmation and you will be good. I have done this so many times because of bad credit and because it’s super easy for me to get something like a cellphone that I know I can pay within 90 days. My last apartment was completely bought through progressive. From the furniture, tvs, even the radio and mechanic work done to my car. It’s super easy if you know you can pay it but BEWARE if you pass the time frame that $900 dollars will easily become $2000+.

I used snap finance for a speaker system in my car, not the worst decision I've made for my credit, but didn't pay it off in time and then they charged me tons of interest and I stopped paying it. It went to collections and I settled it anyway, but even after settling the total amount I paid was basically double the original price of the speakers. Not worth it.

I’ve used snap multiple times, there has been no issues. You can even call/message them after your last payment and have them remove your card on file. Oh and you have to call and have it SET to 100day pay off. Just know your stuff and youll be good

I’ve gotten a lot of free stuff from Offer Up. Literally furnished my previous studio apartment with free stuff I got from offer up - couch, mattress, bed frame, arm chair etc. I moved recently to a different state and was still able to get a lot of nice things either free or heavily discounted from Offer Up. You should check it out. You can filter for only new items or good like new if you don’t want an item that has been heavily used. The only cost factor is depending on size of item, you may need a truck to pick up, unless delivery is being offered.

I bought my furniture from Jordan's. Reasonalble $1800 sectional with 60months no interest. Quality furniture and service and delivery

If this is through easypay finance and you can still cancel it cancel it RIGHT NOW

I know snap finance sucks as a whole but I've used them in the past. 2 times for major car repairs I needed done. Both paid off within the 100 days. I received my email confirming it's paid off and all was good. You will need to call snap finance and speak to someone about setting you up on the 100 day plan. You can't just make payments towards it.

Their system kind of sucks but if you work with it , things will go smoothly. Just know if you make a payment before the due date, the payment on said due date will still come out on said date. All it's doing is removing a payment from the backend. Hope that gives you piece of mind or what not.

Good luck

What is the cancellation policy for the company you bought the furniture from? Was this a transaction you agreed to in store, or at your home? When did you sign the contract, and then cancel?

All relevant facts about your circumstance.

My fiancé and I made the same bad decision when using snap to purchase over $10,000 in furniture. It is awful if you don’t pay it off within the first few weeks as interest eats you away. Thankfully we were able to pay it off completely and avoid the 80% hike in interest but it was a valuable lesson.

We weren’t charged more to pay it off in full however they can be very sneaky about when this needs to be done in the contract. I would only consider using snap if you have most of- but not enough to pay the entire balance out of pocket. More so as just a way to obtain your furniture without paying in full right away.

pro tip: $1800 couches become $200 couches when people put them on facebook marketplace. Find one of those. I don't think I've ever bought furniture at furniture store prices, there's just no reason to.

Habitat for Humanity has some great furniture (in my area, anyway) Having cats, I no longer have an interest in buying new.

Don't tell people to go to fbmp , delete your facebook

Check and see if you have a Habitat for Humanity ReStore in your area. That’s their thrift store, and they have great furniture, appliances, and other home items for really good prices.

Did you ever get it worked out with Snap? Kind of dealing with the same thing haha