Beds on Finance: How to Spread the Cost of a New Bed

Achieving a restful night’s sleep is vital for our physical and mental health. However, purchasing a new bed can be a significant expense for many people. Fortunately, there are finance options available that enable you to distribute the cost of a new bed over time. In this article, we’ll delve into the different finance options available and what you need to know before deciding. 

Buying a bed on credit in UK

These include setting up a direct debit payment method for monthly repayments, providing your bank details, and partnering with a secure trust bank plc which is not a lender.

Types of Finance Options

If you are looking to finance a new bed, you have different options available. Some of these options include interest-free credit, retail finance, and pay later. To help you make an informed decision, it’s crucial to consider the benefits and drawbacks of each financing option. It’s also essential to keep in mind other factors such as the monthly payment, automatic payment collection, finance calculator, credit agreement, payment provider, minimum spend, future scheduled payments, payment attempt failure, pay interest, and how the financing option can impact your credit scoring.

Interest-Free Credit

Interest-free credit is a popular financing option for those looking to spread the cost of a new bed over a longer period. This type of finance allows you to pay for your bed in instalments over several months or years, without paying any interest.

Retail Finance

Another option is to take out retail finance directly through the bed retailer. This type of finance works in a similar way to interest-free credit, but the payments are made directly to the retailer rather than through a finance provider.

Pay Later Options

Pay later options, such as Klarna, allow you to buy a bed now and pay for it later, usually within 30 days. These options are typically interest-free but may come with fees if you miss a payment.

What You Need to Know Before Applying

Before applying for any finance option, there are several things you need to consider, including your financial circumstances and credit rating. It’s also important to understand the terms and conditions of the finance agreement, including the monthly payments and any fees that may apply.

Credit Checks

When applying for finance, the finance provider will carry out a credit check to assess your suitability for the finance option. This check will look at your credit rating and financial history to determine whether you are eligible for finance and what interest rate you will be offered.

Monthly Payments

Before applying for finance, it’s important to work out what your monthly payments will be and whether they fit within your budget. You should also consider whether you can make additional payments to pay off the finance earlier and whether there are any penalties for doing so.

Fees and Charges

It’s important to understand any fees and charges that may apply to the finance option you choose. For example, some options may charge an arrangement fee or an early repayment fee, while others may charge interest if you miss a payment.

Applying for Finance

When applying for finance, you will need to provide personal and financial information, including your address details, bank account information, and employment status. The finance provider may also carry out additional checks, such as verifying your identity or conducting a soft credit search.


Financing a new bed can be a convenient way to spread the cost and make it more affordable. However, it’s important to understand the different finance options available and what you need to consider before applying. By taking the time to research your options and understand the terms and conditions of the finance agreement, you can make an informed decision that suits your financial circumstances and helps you get a good night’s sleep.