Financing and lease-to-own
Compare payment options before you apply
Discount Mattress offers payment options through Synchrony, Kafene, and Snap Finance. These providers do not all offer the same type of product. Approval and the written terms come from the provider.
Start with the product type
The monthly payment is only part of the comparison
Before accepting an offer, identify whether it is credit or a lease. Then compare the cash price, total of payments, interest or cost of lease, payment frequency, early purchase terms, and who owns the merchandise during the agreement.
Credit financing
You borrow or use a credit account to complete the purchase, then repay under the credit agreement. Interest and promotional terms may apply.
Lease-to-own
The provider purchases the merchandise and leases it to you. You obtain ownership after completing the required payments or an available early purchase option.
Offer-specific terms
The provider, purchase amount, and state can affect which product is offered. The name and terms on the written agreement control.
Available providers
How each option works
The summaries below follow each provider’s current consumer information. Your approval and agreement may differ.
Synchrony offers credit cards and loans. Ask Discount Mattress which current Synchrony application and promotional financing offers are available for your purchase.
- Application
- Credit approval is required. Synchrony states that credit card and loan applications may affect your credit score.
- After approval
- Use the approved credit product to complete the purchase, then make payments under the account agreement.
- Promotions
- Available offers may use deferred-interest or reduced-interest terms. Offers vary.
- Review
- Check the APR, minimum payment, promotion expiration, and what happens if the promotional balance is not paid on time.
Typical process
- Confirm the purchase total.
- Request the current application.
- Submit the application to Synchrony.
- Review the credit agreement before purchase.
Kafene is not a loan. If an application is approved, Kafene purchases the merchandise from the store and leases it to the customer until the customer obtains ownership.
- Application
- Kafene says its application typically takes about 60 seconds. Approval is not guaranteed.
- Basic eligibility
- Kafene lists age 18+, government-issued ID, at least $800 monthly income, and an active checking account.
- Payments
- Accounts are generally set for automatic payments aligned with the customer’s pay schedule. The agreement provides the exact frequency and amount.
- Ownership and return
- Ownership follows completion of required payments or an available early purchase option. Kafene also describes a right to end the lease and arrange return under its terms.
Typical process
- Apply through the store’s Kafene link.
- Kafene provides its decision and approved amount.
- Review and sign the lease on your phone.
- Make the agreed payments until purchase or return.
Snap Finance supports lease-to-own, bank-partner installment loans, and merchant retail installment contracts. The product offered depends on the merchant, purchase, and state.
- Application
- Snap accepts applications online or through participating stores. Not all applicants are approved.
- Basic eligibility
- Snap lists legal contracting age, qualifying monthly income, an active checking account, email, and smartphone number.
- Approved amount
- Snap states that average approvals across its product types range from $300 to $5,000, subject to underwriting.
- Ownership and payments
- For lease-to-own, Snap owns the merchandise until required payments or an early purchase are completed. Loan and installment-contract terms work differently.
Typical process
- Apply using the store’s Snap option.
- Snap provides a decision and available product.
- Identify the product type and total cost.
- Sign the agreement and follow its payment schedule.
Start at Discount Mattress
Get the correct application for your purchase
Provider programs and promotional offers can change. Call or visit so the team can confirm the current application and eligible purchase amount.
Confirm the mattress, size, accessories, taxes, and complete purchase amount.
Discount Mattress will identify the applications currently available for that purchase.
Confirm the product type, payment schedule, total cost, interest or cost of lease, and ownership terms before accepting.
Financing and lease-to-own are subject to provider approval, eligibility, state availability, and the provider’s written terms. Discount Mattress does not guarantee approval or an advertised amount. Promotional financing may require minimum monthly payments and may include deferred interest. Lease-to-own generally costs more than the cash price if carried to the full term. Some Snap retail installment contracts may be originated by the merchant and serviced by Snap Finance. The agreement presented to you controls if it differs from this summary.