Financing a vehicle wrap is a great option to help stretch your marketing budget. Unlike other forms of advertising where you continuously pay for the service, a vehicle wrap requires an upfront payment for an advertisement that will last for years. However, if you don’t have the capital to cover the cost upfront, you can still take advantage of this promotional tool through financing. The financing process is simple and typically involves four steps. Don’t let budget constraints hold you back from this effective marketing strategy.
Few Options of Wrap Finance
There are a few options for financing a car wrap:
- Personal Loan: You can apply for a personal loan from a bank or credit union to cover the cost of a car wrap. However, keep in mind that personal loans often come with higher interest rates compared to car loans.
- Car Loan: Some lenders offer car loans that can be used to cover the cost of a car wrap. This option may have lower interest rates compared to personal loans, but you will need to provide information about the car you are financing.
- Credit Card: If you have a credit card with a high enough limit, you can use it to pay for a car wrap. However, keep in mind that credit cards often have high interest rates, so it’s important to pay off the balance as soon as possible.
It’s important to shop around and compare interest rates and terms from different lenders before committing to any financing option.