Is Financing a Mattress Worth It?


Most people think that buying a quality mattress is an investment, and for the most part, they are right. A good mattress can last up to 10 years with proper care. But what if you don’t have the money to purchase a new one outright? Is financing a mattress worth it? 

There are pros and cons to financing a mattress. On one hand, you can spread the cost of the bed over several months or even years, which makes it more affordable in the short term. On the other hand, you’ll be paying interest on your loan, which can add up over time. 

Not many people know this, but you can actually finance your mattress! This article will discuss the various types of mattresses financing, and whether or not it’s worth considering.

What Is Mattress Financing?

Mattress financing is a lot like financing any other product or service. You apply for a loan from a lender, the lender approves your loan application, and once the approval has been received they will provide funding to help with purchase of your mattress by paying off the retailer and delivering to you once they receive payment. 

Mattress financing lets you buy the mattress for a certain period of time instead of in one lump sum of cash. The mattress can be financed using a current credit card, a brand new zero-percent credit card, or through a variety of financing options offered by the mattress vendor.

A lot of people decide to finance their beds through deals that are offered to them in stores or by an online mattress store. The financing offers are typically pushed by businesses in the hope of making more money. In addition, furniture financing can let people who don’t have enough money to purchase mattresses as well as encourage buyers to buy an item that is higher in cost than they might otherwise.

If someone is looking at a mattress costing $2,000, the shock can trigger an immediate “no.” But present the identical person to a bed costing just $67 a month, and they’re less likely to be concerned about the total price that the mattress can exceed $2,000.

The Different Types of Mattress Financing

Each financing option is unique. It is important to be attentive to the specifics of the deal. There are a variety of interest rates as well as fees, payment options, and much more.

The first aspect you’ll need to focus on is the rate of interest. Although some companies may offer APR 0%, it typically only applies if your credit report is outstanding. If you do not have a high rating on your credit, a rate could be as high as 10 percent or 20%, or more. In the end, you could be paying interest if you don’t pay it off by a particular date.

Then, make sure you are aware of the length for which you’ll have to pay monthly payments to your loan. Certain offers are made to close in a particular amount of time. Some require you to choose the monthly installment and keep making payments until your mattress is paid in full. Beware of this approach because the accrual of interest could cause your mattress to cost significantly more than you imagine.

Additionally, there are typically additional costs associated with financing. Even an APR-free mattress which you pay off over the specified timeframe could result in a higher cost than if you’d bought it upfront.

A few important things to note:

  • You must be able to afford the payments. If you can’t make them, it’s not worth it. If you can’t pay either monthly or quarterly installments, then chances are your lender will not approve it.
  • You must also be willing to wait a long time until they’re paid off, as layaway financing generally takes anywhere from 6 months – 2 years (or longer) before you actually receive the mattress.
  • The benefits of layaway financing include the ability to get into a mattress that you really want at a price that works for your budget, without having too much money tied up in it for several months or even years. 

What Type of Mattress Is Right For You?

Here’s a rundown of the different types of mattresses, and what they’re like:


Innerspring mattresses are the most popular type of mattress today because they are cheaper to manufacture (most other beds use coil or foam) and offer great support and comfort without sacrificing too much durability. You can get an innerspring mattress for anywhere from $200 – $1000.


Like everyone else, latex is essentially a material with a high bounce-back rating and viscoelastic core (viscous like damp sponge and elastic like rubber). They bounce back quickly, and offer great support. They are made with open channels (the aforementioned viscoelastic core) that move air easily; so they tend to not retain heat very well, but generally provide good airflow through the mattress. They tend to be more expensive than memory foam mattresses. You can also store a latex mattress very easily.  

Memory Foam

Memory foam mattresses are made with a viscoelastic material that’s open-celled, like an innerspring mattress. But it’s thinner and more airy than an innerspring mattress (it has a very high bounce-back rating). Memory foam mattresses tend to mold to your shape over time as well; they conform to your body super easily.

Latex/Memory Foam Hybrid

A hybrid mattress is simply one that uses both open-cored memory foam (like a memory foam mattress) and closed-cored latex (like a latex mattress). They’re extremely popular due to their comfort and affordability, and they are comfortable for some sleepers.


Financing a mattress may be worth it if you can find a plan that fits your budget and needs. Keep in mind, though, that there are other ways to save money on a new mattress without financing. By taking the time to compare prices and look for sales, you may be able to get the perfect mattress for less. What have you found is the best way to finance a mattress purchase?

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Simon Costanza
Features Editor


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