What Financing Does Mattress Firm Use?

Written By: Lorraine Rowen

When buying a new mattress, you have several options for payment. You can use a credit card or a small personal loan to finance your purchase. In some cases, this can be an easy process, depending on your credit history. However, there are other options as well. If you’re buying a mattress online, you can choose to pay in full or make several small payments.

Affirm afterpay

When you’re looking for an affordable mattress, Affirm afterpay financing might be the best option for you. It provides financing for all mattress types and sizes, and offers no interest on purchases if paid in full within 6 months. The company also offers no interest or extra charges for late payments. Customers can apply for financing at any time and receive an Instant Approval Decision without filling out lengthy forms. It also ships orders as usual.

The best way to apply for financing for a mattress is to contact a reputable company. Afterpay is a great option because it’s based on trust, so you can feel confident that the company will be fair to you. You’ll never have to worry about missing a payment, and you can choose from a two to 24-month payment plan. Unlike credit cards, afterpay offers 0% APR, meaning the company will never charge you interest as long as you keep your payments up-to-date.

To take advantage of Affirm’s financing options, you’ll need to have a Visa or Mastercard credit card. You can still earn rewards through your credit card, such as points, miles, or cash back. In addition to that, you can spread the cost of the purchase over four or six weeks. Many times, you can even get better deals by using these types of financing than credit cards!


Lease-to-own financing is an alternative to purchasing a mattress outright. This type of financing allows borrowers to spread out the cost of a mattress over a specified amount of time. For example, a mattress firm may require full payment within 24 months or until the mattress is paid in full. However, paying more upfront can result in higher interest charges.

A mattress firm that offers lease-to-own financing can offer a flexible, affordable financing option. Acima obtains information from consumer reporting agencies in connection with your lease application. The company determines the Cash Price of a product, which includes a markup over the invoice price. Since the Cash Price is higher than the retail price, acquiring ownership through leasing is more expensive than purchasing a product outright. The lease payment option is available only at participating merchant locations.

Although the mattress industry has experienced a rough patch with overexpansion, bankruptcies, and new digital threats, many players are trying to stand out by offering enticing long-term financing deals. Some of these deals are comparable to car financing. While zero percent interest loans can boost sales, they cut into profit margins. Moreover, late payments can reach double digits.

A company that uses lease-to-own financing is American Mattress. It offers financing options for qualifying purchases, such as a mattress, for 24-, 36-, or 48-month terms. Typically, the payment schedule is monthly and equal.

Traditional financing

Traditional financing used by mattress firms has changed in recent years. Many of these loans have gotten longer, while the rates have spiked. While 0% promotional interest rates may be appealing to some, they are a lot more expensive if you are late on your payments. This is why many mattress retailers are tweaking their loan offers to accommodate a wider range of budgets.

Those with poor credit can also choose to opt for leasing to own financing. This method is similar to traditional financing, except there’s no credit check. With traditional financing, the amount of monthly payments will depend on the interest rate and the number of payments you need to make. A lease-to-own option, on the other hand, doesn’t charge interest. You will make a monthly payment based on the full purchase price of the mattress, plus the lease fees. Some programs even offer an early buyout discount.

Mattress Firm is the largest mattress retailer in the U.S. Its bankruptcy filing comes just days after reports that it would file for Chapter 11. The company plans to close 700 underperforming stores within 45-60 days. The firm’s plan is backed by creditors and could make a big difference. However, it won’t be an easy road.

A key challenge for a mattress firm is how to attract millennial consumers. Mattress upstarts, while not typically nimble, are challenging incumbents and forcing them to evolve and compete. By understanding millennials, the firm will be able to reach this group more effectively.

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