If you’re looking to add a treadmill to your home gym without paying the full price upfront, you’re in the right place. Finding out where you can get a treadmill on payments is easier than you might think, with many retailers offering flexible plans.
This guide will walk you through the best stores, what to look for in a financing plan, and tips to make a smart choice for your budget and fitness goals.
Where Can I Get a Treadmill on Payments
Several major retailers specialize in fitness equipment and offer payment plans. These are often the best places to start because they have a wide selection and dedicated financing options.
Major Fitness Equipment Retailers
Stores like NordicTrack, ProForm, and Sole Fitness have their own online shops with financing. They frequently run promotions with low or even zero percent interest for a set period.
- NordicTrack: Offers financing through the iFit Universal Credit Card. You might see deals like 0% APR for 39 months on select models, which can make a high-end treadmill very affordable month-to-month.
- Sole Fitness: Provides financing through Affirm. You’ll see your payment options upfront before you commit, with terms that can range from a few months to several years.
- ProForm: Also uses the iFit Universal Card for financing, with similar promotional periods. They often bundle treadmill costs with iFit membership access.
Big-Box and Department Stores
You might not think of them first, but stores like Dick’s Sporting Goods, Academy Sports, and even Walmart have stepped up their home fitness game. They offer treadmills both in-store and online with various payment options.
- Dick’s Sporting Goods: They have a partnership with Affirm. At checkout, you can select “Pay with Affirm” to see your personalized payment plan. This works for both online purchases and, in some cases, in-store.
- Academy Sports + Outdoors: Offers the Academy Credit Card, which often includes special financing offers on larger purchases like treadmills.
- Walmart: While selection varies, you can find treadmills from brands like Horizon and SereneLife. Payment options include Affirm and the Walmart Credit Card, which sometimes has promotional financing.
Online Marketplaces
Amazon and Wayfair are huge players. They aggregate products from many sellers and offer their own branded financing tools.
- Amazon: For eligible items, you can use the “Amazon Monthly Payments” option if you have the Amazon Store Card. They also work with Affirm for some purchases, giving you another way to split the cost.
- Wayfair: Has a “Wayfair Financing” program through the Wayfair Credit Card. They frequently advertise no interest if paid in full within a certain time frame, which is perfect for a treadmill purchase.
Specialty Fitness Stores
Don’t overlook local or regional fitness equipment stores. They sometimes offer in-house financing or work with third-party lenders. The advantage here is personalized service and the ability to test the treadmill before you buy.
Understanding Your Payment Plan Options
Not all payment plans are created equal. Knowing the difference can save you money and stress in the long run.
Store Credit Cards vs. Third-Party Financing
Store cards (like the iFit Card or Wayfair Card) usually come with promotional periods. Third-party services like Affirm or Klarna give you more flexibility but may have different terms.
- Store Cards: Often feature deferred interest plans. This means if you don’t pay the full balance before the promo period ends, you could be charged interest on the original purchase amount from the sale date.
- Affirm/Klarna: Typically show you the total cost with interest upfront. You choose a term (e.g., 12, 24, 36 months), and the interest is fixed. There’s no penalty for paying it off early, which is a big plus.
Key Questions to Ask Before You Sign
Always read the fine print. Here’s what you need to know:
- What is the Annual Percentage Rate (APR) after any promotional period ends?
- Is it a deferred interest plan or a no interest plan? This is crucial for avoiding suprise fees.
- What is the minimum monthly payment, and can you pay more without penalty?
- Are there any origination or late fees?
- Does financing affect the warranty or return policy?
Steps to Get Your Treadmill on Payments
Follow this simple process to make your purchase smooth and informed.
1. Check Your Credit Score
Your credit score will influence which plans you qualify for and your interest rate. Many banks and credit card companies offer free score checks. Knowing your score helps you set realistic expectations.
2. Set a Realistic Budget
Look beyond the monthly payment. Consider the total cost, including interest, taxes, and delivery fees. Decide on a monthly payment that fits comfortably in your budget, even if you qualify for a higher amount.
3. Compare Models and Retailers
Don’t just go for the first treadmill you see. Compare the motor power, belt size, cushioning, and features across different brands. Then, check which retailer offers the best combination of price and payment terms for that specific model.
4. Apply for Financing at Checkout
For online purchases, you’ll usually select your payment option (e.g., “Pay with Affirm”) during checkout. You’ll complete a quick application, which may involve a soft credit check. Approval is often instant, and you’ll see your exact payment schedule before you finalize.
5. Read the Final Agreement
Before clicking the final “Purchase” button, review the loan or financing agreement. Make sure the term, APR, monthly payment, and total amount match what you expected.
Tips for a Smart Financed Purchase
A few extra considerations can ensure you’re happy with your decision for years to come.
Consider the Total Cost of Ownership
A treadmill needs maintenance. Factor in the potential cost of lubricant, belt replacement, and maybe even a dedicated electrical circuit. Also, check if the warranty is comprehensive and lasts for a reasonable time.
Look for Bundle Deals
Sometimes, retailers offer bundles that include a mat, weights, or a subscription service. If you were planning to buy these anyway, a bundle with financing can provide extra value.
Don’t Forget Delivery and Assembly
Some payment plans or sales might include free threshold delivery (to your room of choice) and assembly. Others charge extra. This can add several hundred dollars to your total, so factor it into your overall budget from the start.
Have a Plan to Pay It Off
If you have a 0% promotional period, calculate the monthly payment needed to pay it off in full before the period ends. Set up autopay to avoid missing a payment, which can trigger high penalty interest rates.
Common Pitfalls to Avoid
Being aware of these mistakes can help you steer clear of financial headaches.
- Only Looking at the Monthly Payment: A longer term means a lower monthly payment but a higher total cost due to interest. Always calculate the total you’ll pay.
- Not Planning for Promo Period End: With deferred interest plans, the clock is ticking. If you don’t pay the full balance in time, you’ll owe all the accrued interest.
- Overbuying: It’s easy to get excited by a treadmill with a huge touchscreen and every feature. But if you’re a walker or light jogger, a commercial-grade machine might be overkill and strain your budget unnecessarily.
- Skipping the Warranty Check: Ensure the motor, frame, and parts have a good warranty. A cheap treadmill with a short warranty that breaks down is a worse deal than a financed, reliable model.
FAQ: Treadmill Financing
Can I get a treadmill with payments with bad credit?
Yes, it’s possible, but your options may be more limited. Some third-party lenders like Affirm consider factors beyond your credit score. You might be offered a shorter term or a higher APR. Some “buy now, pay later” services only do soft credit checks.
What stores offer treadmill payment plans with no credit check?
True “no credit check” plans are rare. However, some rent-to-own stores offer them, but be cautions. The total cost is usually much, much higher than a traditional financed purchase. It’s often considered a last-resort option.
Is it better to finance through the store or use a personal loan?
It depends. Store promotional offers (like 0% APR) can be excellent if you pay it off in time. A personal loan from your bank or credit union might offer a lower fixed rate than a store card’s standard APR, but it likely won’t be 0%. Compare the total costs of both.
Can I finance a used treadmill?
Typically, financing is for new equipment from authorized retailers. It’s very unlikely to get formal financing for a used treadmill from a private seller. Some local fitness stores might offer in-house financing on their certified pre-owned models, but this is less common.
What happens if I miss a payment on my treadmill financing?
You’ll likely be charged a late fee. More importantly, if you’re in a promotional period, missing a payment could cause the deferred interest to kick in immediately. It can also negatively impact your credit score.
Are there any hidden fees with treadmill payment plans?
Always check for origination fees, late payment fees, and prepayment penalties. The major reputable lenders (Affirm, Klarna) and store cards are usually transparent, but reading the agreement is the only way to be certain.
Getting a treadmill on payments is a practical way to invest in your health without a large upfront cost. By comparing retailers, understanding the terms, and choosing a machine that fits your actual needs, you can find a deal that works for your fitness journey and your wallet. Just remember to budget for the total cost and have a clear payoff plan.