Buying Sofas on Finance

Buying couches on credit is becoming increasingly popular; nevertheless, some people are still unclear about what it means to buy a sofa on credit. If you’re one of those people who doesn’t understand how sofa financing works, keep reading.

What Exactly Are Financed Sofas?

A sofa on financing is when you borrow money from a corporation to purchase a couch. Because this reduces financial risk, the company from whom you are purchasing will carry out your finance purchase through a partner company that handles its finances.

In contrast to a loan, however, you will not be able to see the money straight away. It will be delivered straight to the company from which you wish to make a purchase. The money will then be repaid in weekly or monthly instalments until the sofa is completely paid off.

This is increasingly becoming a popular alternative because it is far less expensive, particularly for younger generations who may not have sufficient savings when purchasing their first home.

The person who signs their name on the paperwork is the one who will refund the money. This person must ensure that the funds are available in their account at the time the funds are to be taken.

The majority of manufacturers will let you finance the purchase of their sofas. This is because financing a couch appears to be more reasonable and possible than paying the total purchase price on the day of purchase.

What Is the Process of Sofa Financing?

Now that the basics of financing a couch have been established, it is time to look into how they work. This will help you decide whether buying a sofa on credit is a good alternative for you.

As previously said, financing a sofa entails borrowing money from the company that will sell you the sofa. The majority of these companies have their own financial partners, while others rely on third-party sources like banks.

Credit checks are common when purchasing goods on credit. Most firms conduct these checks to ensure that the individual can afford the payments and has the financial means to meet the payment dates.

They must also check that the company’s funds are safe in your hands, therefore there is no guarantee that you will be allowed.

The better your chances of acceptance, the higher your credit score. Don’t worry, even if you have bad credit, there are still some companies that will let you buy a sofa on credit.

If you are accepted, you will be asked to sign a contract that outlines all financial facts. Monthly payment amounts, interest rates, deposit amounts, term length, and any other relevant information will be included in this agreement.

You will also be agreeing to make the payments, and the form should outline the repercussions if you do not make the payments on time. Overpayment is tolerated by some businesses, but you must read the fine print of your contract to find out what this entails.

The most frequently asked question about financing a sofa is how the repayment price is calculated. The repayments are typically calculated using the following formul(Full Cost – Deposit) / term duration + interest rate.

Because some companies provide interest-free or no-deposit financing, the cost of the sofa can be simply divided by the term duration. If a deposit is necessary, it will be taken from the overall price of the sofa.

The Financial Benefits

Now that the essentials of couch financing have been covered, it’s time to go deeper into the issue, beginning with the benefits of sofa financing and whether or not this purchasing option is a wise one.


The majority of companies offer 0% interest when you buy a sofa on credit. This means you’ll only be paying the purchase price of the couch, with no hidden interest charges. Interest-free durations might range from six months to four years, giving you plenty of time to return your investment.


One of the most major advantages of financing a sofa is that it can be far less expensive than paying the whole amount.

This means you won’t go over budget, and it also makes updating your decor more affordable, allowing you to stay fashionable for less.

There is no money down

Many companies will let you buy a sofa on credit with no deposit required, which means you will have no out-of-pocket expenses. You will not be required to save a deposit before purchasing your sofa, and your sole responsibility will be to make your weekly or monthly payments on time.


There are various disadvantages to financing a sofa that should be addressed before taking the jump and financing a couch.

Credit Card Checks

Most companies that offer sofa financing will require a credit check. Too many credit checks can be detrimental to your credit score, so try to keep them to a minimum and only agree to a credit check when you are certain about a purchase.

If a company performs a credit check and you have poor credit, you may be denied, which is a significant risk.

Possibility of Debt

If you buy a sofa on credit, you risk sliding into debt if you don’t make any payments. If you repeatedly miss payments, your debt will accumulate, which will have a negative influence on your credit.

This could have a detrimental impact on future spending since firms may be hesitant to invest in another financial product because of this.

Retention Possibility

When you finance a sofa, the contract almost probably includes a retention of title clause, to which you would have agreed when you signed the paperwork.

This means that if you do not pay the monthly repayment fees, they may come to take control of the products, since they will remain the corporation’s property until all payments are made.

Who Offers Sofa Financing?

There are several companies that offer the chance to buy sofas on credit. Examine some of the most well-known corporations to see who offers the best credit package.


DFS is one of the most well-known providers of sofa financing. This company offers a wide range of financial couches, sofa beds, and corner sofas.

The main benefit of dealing with DFS is that they provide no-deposit financing, which is ideal if you don’t have the extra funds for a deposit.

They also offer 0% interest for up to four years, resulting in much cheaper monthly payments over time. DFS does run credit checks, so anyone with bad credit may be turned down by this huge sofa shop.

Furniture Village

Another well-known brand is Furniture Village, which is noted for its sofa-on-finance options. Unlike DFS, Furniture Village does not offer a vast selection of couches to choose from; nonetheless, there are still some fantastic options available.

One of the key benefits of buying from Furniture Village is that they provide 0% interest financing for up to four years.

Again, this reduces your monthly payments, but with Furniture Village, you must spend at least £375 to be eligible for the loan option. Not to worry, the majority of their sofas are more pricey.

You will also be needed to put down at least a 20% deposit, which isn’t too bad considering the larger your deposit, the cheaper your monthly repayment rates.


Wayfair is another company that offers credit for purchasing couches; however, Wayfair’s products are only accessible online.

This suggests that you will only be able to examine images online, and as a result, your delivery expectations may not be met when you view it in person.

Wayfair’s loan deals provide 0% interest for up to a year, so your repayment rates will be much higher than if you bought from DFS or Furniture Village.

Wayfair also indicates that they use credit checks through Barclays financing, making this loan choice more difficult to obtain. Other terms and conditions are also listed on their financial website, which you must accept before being accepted.

An online sofa store that offers sofa financing. Because of their primary focus on couches, they have a huge range to choose from.

The most significant benefit of using this brand is that the finance firm provides two years of interest-free payments, allowing you to keep your monthly payments low.

They do, however, require you to pay a minimum of 15% down payment. As previously stated, the higher the deposit, the lower the monthly payments, therefore the deposit amount is ideal for lowering monthly payments. However, if you are unable to pay the deposit, this may not be the ideal solution for you.

Another disadvantage of this company is that it is only available online, so you can only see their sofas there. You’ll have to rely on reviews and photos to figure out if the couch is perfect for you, which is dangerous because you can be disappointed when you see it in person.

Is it possible to get a sofa on credit if I have bad credit?

The vast majority of people are worried about their credit score, but many are ignorant that they have bad credit. Fortunately, several organisations cater to persons with poor credit, but the options are restricted when compared to consumers with excellent credit.

If you have bad credit, you are surely aware that it is considerably more difficult for you to be approved for loans for a variety of reasons.

The main reason you might not be approved is that your credit score shows the organisation that you are unable to make timely payments. If you have a low credit score, trust may be missing, and the company may be hesitant to accept your application.

It is vital, however, that you do not lose hope. There are workarounds, such as buying from companies that offer sofas on finance without having a credit check.

SCS is one company that provides this service; however, regardless of how much your couch costs, you must pay a deposit of at least £69.

Considerations to Make Before Purchasing a Sofa on Credit

When purchasing a sofa on credit, there are several variables to consider, including the following:

Can You Afford a Full Purchase?

One of the first things you should consider before purchasing a sofa on loan is if you can afford to purchase it outright. This should be your first decision if you can afford to buy a sofa in full without emptying all of your funds.

This lowers your chances of going into debt while also granting you immediate sofa ownership.

Can You Afford the Monthly Payments?

If you are unable to pay for a sofa in full and decide that financing is the best option for you, you must establish if you can afford the monthly payments. To begin, construct a budget to determine how much money you have available each month.

Knowing how much you can pay will take the sting out of being turned down for financing. If you don’t have the extra cash, you should wait a bit longer because it will keep you out of debt and protect your credit score.

Have you thought about all of your options?

You should consider all of your options before deciding to finance the purchase of a sofa. Finance is not the only choice, but it is one of the most straightforward, along with buying a couch outright.

You can also take out a bank loan to pay for the products, which will force you to return the bank directly, but you will own the sofa from the start.

However, the problem with taking out a loan is that most banks charge interest on loans, which can make it more expensive in the long run.

You now have all of the information you need to decide if buying a sofa on credit is the right option for you. This post will teach you that you can buy any sofa on loan, regardless of your financial position.

It may be more difficult for some than for others, but you have options.

Before making a final decision, you should investigate a number of companies that provide sofa financing and choose which one would give the best plan for you.


Is a loan sofa subject to a deposit?

No, you do not have to put down a deposit in order to finance a sofa. There are various companies that provide no deposit finance alternatives; however, some will require a deposit.

Can I pay off my sofa finance in weekly instalments?

Yes, you can finance your sofa in weekly instalments. Monthly payments are prefered by the majority of firms, however weekly payments are also available. One company that accepts weekly payments is Sofa Club. You must communicate with the company directly if you wish to pay on a weekly basis.

Do you have to pay interest when you purchase something on credit?

In most circumstances, you do not have to pay interest. Most big brands offer up to four years of interest-free payments when you buy a sofa on credit. However, some businesses do charge a small proportion of interest on their financing agreements.

Is it feasible to purchase a sofa on credit?

This is mostly determined by the type of sofa you wish to purchase as well as your total budget. A simple sofa can be purchased for as little as £5 per month; however, the larger the price of the couch, the higher the monthly payments. Overall, it will be much less expensive than purchasing outright.

Is it possible to buy a corner sofa on credit?

Yes, any sofa, including corner sofas, is available on credit. They are, however, frequently more expensive than standard sofas, implying that your monthly payback payments will be higher.