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.
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
