Leica Offers Up to 48-Month Financing for New Cameras

Leica Camera has added fixed-rate financing through Bread Pay for purchases made directly from the company, either at Leica retail stores in the United States or via Leica Camera USA’s website. The financing option appears at checkout online and is also offered in-store.

The Bread Pay process includes a quick pre-qualification that does not impact a buyer’s credit score. After pre-qualification, customers are shown loan options and can choose repayment terms of 12, 24, 36, or 48 months. Interest rates vary by applicant and can range from 0.00% to 34.99% APR, depending on creditworthiness and the selected term.

Leica’s partnership with Bread Pay is positioned to make the company’s cameras more accessible to a broader group of photographers by spreading the cost over time.

There are minimums and conditions: a minimum purchase of $1,000 is required, availability of specific terms may depend on the purchase price and product, a down payment may be required, and financing is subject to credit approval. As an example, Bread Pay notes that a $1,000 loan at 21.99% APR would result in 36 monthly payments of $38.19.

Bread Pay loans are issued by Comenity Capital Bank, a Bread Financial company, and are subject to approval. Terms and eligibility can vary by applicant and location.

This move mirrors offers from other consumer tech companies that provide financing options to help buyers afford higher-priced gear.

Source: PetaPixel