Treadmills in a row.

Treadmill Financing

If you have bad credit but need a loan on a treadmill, we may be able to help. At Loan Monkey, we give you access to a large network of online lenders used to working with less than perfect credit. We can help you get a fast quote for the treadmill you need with just a bit of basic information. If you have just a couple minutes, you can get your loan quote. Ready to see your offer? Let’s get started.

Let’s Get Started!

Infograph on treadmill financing, bad credit options.

Fast QuoteGetting Your TreadmillMake Your Decision

Getting Your Treadmill Financing

At Loan Monkey, we can help you get a quote for the money that you need. We are not direct lenders but instead give you access to one of the largest networks of lenders online. This greatly improves your odds of getting an approval for treadmill financing with bad credit. The lenders in the network are used to working with less than perfect credit and you still may be able to get an offer.

Even better, if approved and you accept your offer, you will get your loan money deposited directly to your bank account. This will allow you to buy your exercise equipment anywhere just like a cash customer. Sound good? In any case, it is free to get an offer so let’s see how the process will work.

Getting A Quote With Bad Credit

First, you need to enter your information in the quote form at the top. It is a very basic form so it should not take more than a few minutes. You will also need to enter your bank numbers so that your lender can get you the money if you are approved and accept your offer.

When you are done with your form, simply submit it to the network. It will then go from lender to lender securely until one is found that wants to make you an offer. This all happens securely and very quickly.

If a lender is found that wants to make you an offer, you will be directed to their individual lender site or you will be sent all of the details. Make sure that you take the time to read the details. It is a bit boring but you need to know what you are getting into, any loan is a serious thing.

If you like the terms, accept the loan offer and your lender will get you the money from your loan ASAP. If you do not like the offer, just turn it down and go on your way, it is as simple as that.

Buying Your Treadmill

The good thing about an installment loan is that your lender will deposit the money directly into your bank account. This means that you do not have to buy your treadmill at a particular store. This gives you the ability to price shop, looking for the best deals. It also gives you the ability to shop the used market to score an incredible deal. A machine that cost 2000 dollars might be found for 1000 dollars or even less.

When deciding on a particular model, be careful to read reviews about the product. You don’t want to get an under-powered dud that just winds up as a laundry rack. Be sure to look up the model that you are interested in and read reviews on the product. A few minutes of research can save you the frustration of buying a poor product.

Beyond Treadmills

If you are looking to get in shape, you might want to look beyond just the treadmill. Sure, that is a good piece of equipment and it can help you get in shape but there are some things that you might consider getting alongside your treadmill. Depending on the amount you qualify for or the price you get on your treadmill, you might be able to get one of these items as well.

One good choice is a utility bench. You can get a good adjustable one for around 100 dollars and the bench along with a few hand weights can allow you to do some nice toning exercises. Not sure what size of weights to buy? Look at the adjustable variety. Depending on the model, you can get adjustability from 2.5 pounds to 50 pounds. That makes them very useful and they are easier to store than a whole set of weights.

If you want to really kick up your weight lifting game, you can add a full weight bench and olympic weight set to your home gym. It would allow you to do a complete full body weight workout that will really help you get toned. A decent bench is a few hundred dollars and the weight set costs about the same. Not into weight lifting? You should be. Adding muscle helps you lose fat and strengthens your bones.

Wrapping Up

As you can see, installment loans are one possible solution that can get you treadmill financing with bad credit. A loan is not for everyone though and you should make sure that it is the right thing for you before you proceed. Consider a few more things before you commit.

First, look at the total cost of the loan and see just how much it will end up costing you once you have made all of your monthly payments. A treadmill is likely not a necessity, so you shouldn’t pay too much of a cost to get one. Decide if the cost is really worth what you are getting.

In addition, you need to look at any other options that you might have to get the money. Could you borrow money from a friend or family member? Could you sell some property to get the money or could you simply wait on the purchase and save up for it?

Finally, make sure that you can afford the payment. Even if you are good with the cost and have no other options, if you can not afford the loan, you need to turn it down.

Remember, it is just a treadmill and while useful, it is not a necessity. If you do not get this piece of equipment, life will go on.

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James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.