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.

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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.

Aplique

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

Comience a comprar

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

More time to pay means more business for you

Increased revenue

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

Supercharged sales

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

Expanded reach

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

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.