How To Finance Your Murphy Bed

How To Finance Your Murphy Bed

Considering purchasing a Murphy bed? You’ll notice there’s an entire range of prices available on the market, many of which are upwards of several thousand dollars. But the truth is you don’t need to break your bank in order to purchase a reliable Murphy bed with a modern, minimalist design. And if you need some help with the purchase, there’s financing available!

Our financing option enables you to pay for your bed over the course of several months rather than paying the cost all at once at the time of purchase. 

Buy now, pay later with Shop Pay

When checking out with Shop Pay, you now have the option to pay now or later. Paying in installments on Shop Pay allows you to split your purchase amount into four equal, biweekly installment payments with 0% APR, or monthly installments with no hidden or late fees*.

Shop Pay offers you the option to pay in full at checkout, or to split your purchase into regular payments with Shop Pay Installments. Shop Pay installments on Lori Beds will include discounts, shipping, and taxes.

*Rates from 0% APR or 10-36% APR. Payment options through Shop Pay Installments are subject to an eligibility check and are provided by these lending partners: affirm.com/lenders. Options depend on your purchase amount, and a down payment may be required. State notices to consumers affirm.com/licenses.

How it works

  1. Add items to your cart.
  2. Check out with Shop Pay.
  3. Choose the option to pay in installments.

Your first payment is due at checkout. The remaining payments are automatically charged to your card saved on Shop Pay based on the payment plan you chose. Don't worry, you'll get an email reminder before each payment to remind you. 

 

Which payment methods are accepted if I use the option to pay in installments on Shop Pay?

For non-interest bearing orders, debit and credit cards are accepted through Shop Pay. For interest bearing orders, you can only pay using a debit card.

 

Can I use Shop Pay Installments if I'm an international customer?

Shop Pay Installments is only available to customers with a United States billing address and phone number. Customers with international billing addresses and phone numbers can't use Shop Pay Installments.

 

Is there a limit to how much I can spend on a single Shop Pay Installments order?

Yes, 17,500 USD is the order value limit that applies to purchases using Shop Pay Installments, including discounts, shipping, and taxes.

Are there late fees?

No, there are no late fees if you miss a scheduled payment.

 

What if I miss an installment payment?

There are no late fees for customers who miss a scheduled payment. However, partial payments or late payments might impact your credit score, or your eligibility to use Shop Pay Installments in the future. If you have questions about a missed installment payment, then you can contact Affirm support for assistance.

 

What if I make a return on a purchase made through installments with Shop Pay?

After your refund is processed, the refund amount will appear on your payment schedule within 3-10 business days, and your balance will be updated.

If your refund is less than your total purchase balance, then it might not lower your next payment. Instead, you can expect fewer payments, a smaller final payment, or both.

If your refund is more than your purchase balance, then the difference is returned to your original payment method within 3-10 business days.

If your order is made with monthly payments, then the paid interest isn't refunded. Interest is the cost of borrowing, and isn't refundable.

    The Lori Bed: Your High-Quality, Functional Murphy Bed

    The Lori Bed is the simplest and most functional Murphy bed available anywhere. Made from 100% real cabinet-grade poplar plywood (no MDF or particleboard), this high-quality piece of furniture will help you transform your guest room into a stylish and functional living space. By eliminating the complicated, expensive lifting mechanism found in most Murphy beds, we'll save you hundreds of dollars. All you have to do is lift and lower the platform with the help of a partner. The Lori Bed is available in multiple sizes, orientations, and colors, and includes detailed assembly instructions.