Financing a drone means you can get an expensive piece of equipment and begin using it right away — for business or pleasure — while making payments on it. And you can finance a drone without undergoing a credit check. Online retailers Electro Finance and Luther Sales offer drone financing with no credit check. Other drone retailers that offer finance options through Affirm only require a “soft” pull, which does not affect your credit score. These retailers include DSLRPros, DroneNerds.com, SkyBoss Drones, and Space City Drones.
Drone Financing: No Credit Check Options
Online drone retailers are more likely to offer finance options — especially options that don’t require a credit check — than brick-and-mortar stores. Big-box stores like Target and Walmart only provide store credit card financing, which will require a credit check. Independent electronics retailers’ store policies vary. But the following online retailers offer drone financing with no credit check — and use other factors than your credit history to determine approval. These retailers give an option to customers with bad credit or those who don’t want another inquiry into their credit history.
A Word of Caution About Financing
Note: When financing any purchase, it’s important to set a budget and keep your repayment plan in mind. It is unwise to accept financing unless you are sure you’ll be able to pay off the full amount of the item — which, whether attained with or without a credit check, will be higher than the same-day retail purchase price due to interest and fees. A few things you should keep in mind when applying for financing are the payment schedule, total payoff amount, amount of time you’ll have to pay off the item, and any late payment policies or other fees that may apply.
Drone Financing Options with No Credit Check
Electro Finance is a lease-to-own electronics retailer. It does not sell drones, but it does sell drone accessories. Financing is available for drone accessories without a credit check. To apply, you must be at least 18, have a checking account that is at least 90 days old, and have a monthly income of $1,000 that you have been earning for at least six months. Apply online on Electro Finance’s website.
LutherSales is a buy now, pay later furniture, computer, and electronics retailer. For drone financing, LutherSales relies on your work history instead of your credit score. To apply for LutherSales’ No Money Down Program, you need to be a federal government employee with two years of full-time service or a private-sector employee with three years of full-time service. Other applicants can still be approved for financing with a down payment. Search the site for drone options. Then apply for financing with LutherSales online.
Other Options: Drone Financing “Soft” Credit Check
Some drone retailers do what’s called a “soft” pull on your credit, which doesn’t affect your credit score. While the company may learn about a less-than-ideal credit history this way, you may still qualify for financing based on other factors, such as work history and income. The following drone retailers offer financing through Affirm (which does a soft credit check):
Drone financing, no credit check options are out there. Financing allows you to buy a drone, use it right away, and pay for it over time. Many companies require a credit check, but by purchasing from the companies listed above, you can finance a drone without undergoing a full credit check. For more on drone financing, see our articles: DJI Drone Financing + Drone Payment Plan Options Explained and 4 Rent-to-Own Drone & Lease-to-Own Drone Options.