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Game Now, Pay Later: Best PS5 Payment Plans for Every Budget

Written by Jorge Gaitan

Where to Buy a PS5 Console with Flexible Payment Terms

If you are looking to purchase the latest PS5 console but are struggling with the upfront costs, there are ways to make it affordable. You can buy a PS5 with flexible payment terms when you purchase from companies like FlexShopper.

Understanding FlexShopper

FlexShopper presents a unique method for individuals who are interested in purchasing a PS5, but the high upfront cost deters them. It allows consumers to lease-to-own high-quality products from leading retailers such as Best Buy and Amazon, including the coveted PS5 console, with flexible payment terms.

How FlexShopper Works for Purchasing a PS5

FlexShopper operates on a lease-to-own basis. Instead of paying for your PS5 outright, FlexShopper allows you to make smaller, manageable weekly payments over an agreed-upon period of time. Once you’ve completed all of your payments, the PS5 is yours to keep. With a vast selection of products, you can select the Sony PlayStation model that suits your gaming needs and preferences and set up a payment schedule that aligns with your financial capabilities.

Eligibility Criteria for Using FlexShopper

To get started with FlexShopper, you’ll need to meet certain eligibility criteria. First, you must be at least 18 years old and a resident of the United States. You also need a valid social security number, or ITIN, a valid email address, and a checking account. Final approval is subject to a successful credit check and financial circumstances. As of July 2024, we operate in 46 states. Always check the FlexShopper website for the most up-to-date information on their service areas.

Payment Methods and Terms

FlexShopper provides flexible and affordable payment alternatives for gamers seeking to purchase the PS5 console without breaking the bank.

Flexible Payment Options Available with FlexShopper

FlexShopper offers a variety of payment options tailored to different financial situations. The most popular approach is their weekly payment option, which allows you to split the cost of the PS5 console into manageable weekly payments over a set period. The exact price and terms of your PlayStation payment plan will depend on the product and your creditworthiness. The flexibility of the PS5 payment plan means you can adjust your budget accordingly without having to struggle with a large, one-time expense.

Low Upfront Costs and Down Payment Requirements

One of the major benefits of using FlexShopper to finance your PS5 console is the lower upfront costs. Unlike purchasing the console outright, using FlexShopper means you don’t have to save up for a hefty down payment to secure your new gaming console. Instead, you agree to a payment plan where the company distributes the cost of the console over many weeks, which makes the buying process less financially stressful. Note that there might be some exceptions where we require a small down payment, but these are negligible compared to the cost of buying the console outright.

Process of Purchasing with FlexShopper

FlexShopper has simplified the process of purchasing the PS5 console with its straightforward lease-to-own model.

Step-by-step Guide to Purchasing a PS5 with FlexShopper

To start the process, you need to create an account on the FlexShopper website. After signing up, you can search for the PS5 console from their vast selection of products. Once you have selected the console, you can then apply for FlexShopper’s lease-to-own option.

The application process includes providing some personal and financial information for credit approval. Upon approval, you’ll agree to a payment plan, specifying the weekly payment amount and the duration of the plan. Finally, after confirming the details, you can finalize your order. Your PS5 console will arrive in the mail, and the first payment will be deducted from your account as per the agreed schedule.

Payment Schedule and Monthly Financing Details

The payment schedule at FlexShopper is flexible and can be adjusted according to the buyer’s requirements. You can choose to pay weekly, biweekly, or monthly, depending on your income schedule.

Additional Features and Accessories

Beyond the console itself, FlexShopper also offers a wide variety of PlayStation 5 accessories that can further enhance your gaming experience.

Availability of PS5 Accessories

FlexShopper’s extensive product range includes accessories such as the PS5’s DualSense wireless controller, the Pulse 3D wireless headset, and the high-speed SSD for expanding your console’s storage capacity. You can also add these to your lease-to-own plan, giving you the freedom to set up your ideal gaming setup without having to pay all at once.

Options for Including Additional Items in the Payment Plan

With FlexShopper, you’re not limited to just the PS5 console. You can include multiple items in your payment plan, such as accessories, video games, or even a new TV to pair with your PS5. Just like the console, you can pay for these additional items in smaller, more manageable weekly payments for a set period.

Ensuring Eligibility and Credit Approval

Your journey to owning a PS5 through FlexShopper hinges on a successful credit check and meeting eligibility criteria.

Understanding the Credit Check Process

FlexShopper performs a credit check to determine your creditworthiness before approving your lease-to-own application. This check assesses your credit history, your ability to repay, and your overall financial circumstances. It’s crucial to maintain a positive credit history, as it greatly improves your chances of approval.

Tips for Improving Credit Score and Approval Chances

To increase your chances of approval, ensure that you pay your bills on time, maintain low credit card balances, and avoid opening new credit accounts unnecessarily. Regularly check your credit report for any errors and stay financially responsible.

Seizing the opportunity that flexible payment options like FlexShopper offer is a game-changer for avid gamers. It allows you to experience the thrill of the latest gaming technology without putting a significant dent in your finances. The PS5, with its cutting-edge technology and immersive gameplay, is well within reach.

Additionally, if you end up wanting to pay the outright price FlexShopper has a 90-Days Same as Cash offer. Just pay the Cash Price (plus sales tax) for an item at any time within the first 90 days of your lease. That’s it! You own the item!

About the author

Jorge Gaitan

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* Prices and quantities are subject to change

1 If you are approved for a lease this is your estimated weekly lease payment. On this site, we use the terms "lease," "lease agreement," "rental-purchase agreement" and "agreement" the same. (We usually use the term "Lease.") Under your Lease, you can: (a) weekly, biweekly, or monthly payments or exercise an Early Purchase Option pursuant to your payment offer (not applicable in FL, NC and TX) and some restrictions may apply in CA to acquire Ownership of the rented goods or (b) rent the goods for at least the initial term and then end the lease when you want by making all required payments and returning the goods. In NC, the final payment required to purchase the rented goods will be an amount greater than 10% of the Cash Price. If you are approved for a loan the weekly payment is only an estimate. Please review the actual terms in your loan agreement if you are approved. Your rates, terms and payment schedule are subject to approval pursuant to underwriting criteria and may vary by state. FlexShopper provides offers for Lease to Own Options, however, we do not make any loan or credit decisions and are not representative, brokers or agents for any Lenders.

3 If approved by FlexShopper customers that reside in Florida, Texas and North Carolina, the Cash Price is the price we charge for a cash sale of the item. The Cash Price may be higher than the cash price you would pay if you were to purchase the item directly from the merchant shipping the merchandise on FlexShopper and/or affiliates behalf. If approved by another payment option provider the cash price is the invoice amount of the item excluding taxes, shipping and other fees.

5 Good credit is not necessary but not everyone with bad credit is approved. Our goal is to help consumers with not so perfect credit get goods they want through a payment offer that works for you.

7 An initial payment or security deposit and/or payment may be required before fulfillment.

8 If approved by FlexShopper customers that reside in Florida, Texas and North Carolina you will own the item(s) and not have to pay any additional amount if you pay the full Cash Price (the Cash Price is the price we charge for a cash sale of the item (or $50 more than the price the merchant you select charges) plus sales taxes and may be higher than the price you would pay if you were to purchase the item(s) directly; if you rent multiple items at the same time, we reduce the Cash Price (and increase the Cost of Rental) by $50 for the second and each subsequent item you rent, which makes it less expensive to purchase the items before the end of the term of the Lease). After 90 days, you also have an Early Purchase Option that allows you to own your item(s) for less. Simply refer to the table in your Lease to look up the Early Purchase Option amount after each payment date. If approved by another payment option provider please refer to the terms and conditions of your agreement.

9 All lease/loan decisions and rates and terms are subject to approval pursuant to underwriting criteria related to the applicant’s credit quality. Rates and terms may also vary depending upon the state where you reside.