Closing the credit gap: How credit-challenged consumers shop and pay for tires and rims

A growing number of consumers need tires and rims but don’t qualify for traditional financing. New research from Snap Finance uncovers insights to help businesses better understand and serve credit-challenged tire and rim shoppers.

Download Fact Sheet

Digital infographic on credit challenges affecting tire and rim purchases, highlighting demographics, purchase reasons, and types bought.

Key insights from new Snap Finance research

Among tire and rim shoppers with credit scores below 670:

58%

said financing availability was important in choosing where to buy

34%

could not have paid for their purchase without financing

42%

delayed their purchase due to their financial situation or the economy

Cómo funciona Snap

A veces, usted necesita más tiempo para pagar, sin importar cómo estén sus finanzas. Obtenga lo que necesita ahora con Snap.

Encuentre una tienda.

Encontrar una tienda es el primer paso. Compre en miles de tiendas, en línea o cerca de usted.

A blue and gray circular progress bar indicating 50% completion against a white background.

A circular progress indicator halfway complete, showing 50%.

Aplique

Aplique en minutos, en la tienda o en línea. Obtenga una decisión en segundos sin impacto en su puntaje FICO. ¹

A circular progress bar showing 39% with a green segment on a light gray background.

Circular progress bar at 39% with a green segment on a gray circle.

Comience a comprar

Use su monto aprobado para obtener lo que quiere y necesita hoy, y pague después.

A circular progress bar shows 31% completion, with a yellow segment indicating progress on a light gray background.

A progress circle chart showing 31% completion with a yellow segment indicating progress on a light gray background.

More time to pay means more business for you

Two men in a garage discuss a clipboard, standing next to a red car on a lift and stacks of tires in the background.

Increased revenue

Reach more customers and close more sales with our strong approval rates¹

A couple shopping in a furniture store, examining wooden cabinets with interest.

Supercharged sales

58% of credit-challenged consumers spent more because financing was available²

A man and woman discussing furniture while standing in a showroom surrounded by various chairs, tables, and cabinets.

Expanded reach

Target new and repeat business and generate revenue with our preapproved leads

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Fast funding

Enjoy expedited payments, typically within two business days of merchandise delivery or completed invoice

Disclosures

Snap-branded product offering includes retail installment contracts, bank installment loans, and lease-to-own financing. For more detailed information, please visit snapfinance.com/legal/products

Findings based on proprietary research conducted through Accelerant Research’s Agora panel with 2,736 household are financial decision makers who made a $300+ purchase in the prior 6 months across 14 product categories. Snap Finance, August 2025.

¹Not all applicants are approved. Approvals subject to underwriting qualification criteria.

²Merchant Pulse Study. Snap Finance, 2023.