The payments will depend on 3 things: how much you buy, the interest rate charged, how long of a payback period you have. Many furniture stores have a 12 month interest free plan but beware; the payment plans they set up will never pay off the balance in 12 months and after the 12th month the entire purchase is subject to interest. For example if you charged 2600, they might give you a 100 per month payment, in 12 months you would have paid 1200 so your balance should be 1400, but they will go back and take part of that 1200 and apply it to interest making your balance go up to way over 1400, so be sure you read the fine print
I am looking to fully furnish a new home and was wondering how financing works at Mor Furniture or any other large chain stores. Do you need a down payment? If you spend $5,000 approximately how much would monthly payments be? Any info would be helpful. Thanks!