How Does Your Financing Work?
July 6, 2019

This is one of the most asked questions that we hear at Home Appliances Memphis, so we thought we would take a minute to explain.

One of the ways to purchase product from Home Appliances Memphis, financing can be done through a company that we partner with called SNAP FINANCE

The entire process, including confirmation of approval amount, can usually be completed in less than 10 minutes

The process begins with us sending a link to your phone. This allows you to easily fill out the application from wherever you are. If you’d like to get a head start on the process, the link can be found HERE

Once filled out, it is only a matter of minutes to find out how much you have been approved for.

Approvals can be up to $5000. Approvals are not based on a credit score, but rather on your bank account history.

Taken directly from Snap’s website:

What do I need to qualify?

  •     Am I 18 years old or older?
  •    Do I have an active checking account?
  •    Do I have a steady source of income?
  •    Do I have a valid e-mail address/or cell phone?

Once you have decided on your purchase of one of our amazing new appliances, we would create the financing contract using Snap’s portal and send it to you for your approval.

At this point you would need to decide whether you want to use the 100 Day Early Buyout No Interest option (Very highly suggested if possible) or make payments over a full year (with interest).

Once the contract is signed, you are required to pay  $10 initial payment to Snap, at which point you can take your new appliance home with you, or schedule a delivery using our affordable and popular delivery service.

We always have you confirm with Snap that you have taken possession of your new appliances, at which point the financing will begin.

24 hours after confirmation you would need to call Snap to confirm which plan you would like to go with. They will always default to the 1 year option, so it is imperative that you call them and tell them that you want to change to the 100 Day early buyout option.

The payments will be auto-deducted from your bank account based on how often you are paid.

Pretty simple, right?

We are including the link to Snap’s Frequently Asked Questions page if you are still unsure of the process. Click here

We hope this answers any question you might have about financing our product. If not, please do not hesitate to contact us

Home Appliances Memphis
4522 Summer Ave
Suite 1
Memphis TN 38122

P (901) 207-5863

5240 Summer Ave
Memphis TN 38122

P (901) 683-0810

2858 Poplar Ave
Memphis TN 38111

P (901) 623-3521

Looking forward to serving your appliance needs!!