Buying a new TV on finance: what you need to know

If you’re considering buying a new television, you might be taken aback by the high cash price. This is where buying on finance could come in handy, enabling you to spread out the cost over monthly repayments. 

TV on finance in UK

Nevertheless, before you rush to buy, you need to keep in mind a few crucial aspects, including the potential consequences of missing payments, the need for a credit check, the benefits of 4k ultra hd and incredible contrast, the date of your first repayment, and the availability of freeview play. By taking these factors into account, you’ll be able to make a well-informed decision and enjoy your new TV with peace of mind.

What is TV finance?

TV finance is a credit agreement that permits you to split the cost of a new television over an arranged period. This way, you can obtain a new TV without the need to pay the entire amount upfront. Instead, you can make regular monthly payments for a duration that is mutually agreed upon between you and the lender. Moreover, you can benefit from an instant decision while selecting the best deals that suit your requirements. Also, the full range of TV models comes with HDMI ports that you can double-check before purchase. Additionally, you can access the BBC iPlayer and enjoy your favorite shows with a high-quality display.

How does it work?

First, you need to choose the television you want and apply for credit. You’ll need to fill in a credit application form, which includes information about your employment, income, and credit history. The lender will then assess your application to determine if you’re eligible for finance.

If your application is approved, you’ll be offered a credit agreement that sets out the terms of the finance. This will include details of the monthly repayments, interest rate, and any extra charges.

Once you’ve signed the credit agreement, you’ll need to set up a direct debit to make your monthly repayments. It’s important to make sure you can afford the repayments before entering into the credit agreement.

What are the benefits of TV finance?

TV finance can be an excellent option if you want to buy a new TV but don’t have the money to pay for it upfront. It allows you to spread the cost over a period of time, making it more affordable.

You may also be able to take advantage of interest-free credit deals or other finance options that offer lower interest rates than other forms of credit. This can help you save money on the cost of your TV over time.

What are the risks?

One of the biggest risks of TV finance is missing payments. If you miss a payment or are late with a payment, you may incur extra charges or damage your credit history. This could make it harder for you to access credit in the future.

It’s important to make sure you can afford the repayments before entering into a credit agreement. You should also make sure you understand the interest rate and any extra charges associated with the finance.

Additionally, if you don’t keep up with your repayments, the lender may take action to recover the TV. This could include taking legal action or sending a debt collector to your home.

How to get the best TV finance deal

To get the best TV finance deal, it’s important to shop around and compare different lenders. Look for lenders that offer low-interest rates and flexible repayment options. You should also check the details of the credit agreement carefully, including any extra charges and the interest rate.

Before applying for TV finance, it’s a good idea to check your credit history. If you have a poor credit history, you may not be eligible for certain finance options or may be offered a higher interest rate.

Finally, make sure you can afford the monthly repayments before entering into a credit agreement. It’s important to consider your budget carefully and make sure you’re not taking on too much debt.


Buying a new TV on finance can be a great way to spread the cost of a new TV over time. However, it’s important to consider the risks and benefits before making a decision. Make sure you understand the terms of the credit agreement and can afford the monthly repayments. With careful planning, you can enjoy your new TV without breaking the bank.