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Consumers turn to BNPL for big-ticket items

29 October, 2021 | 
Pureprofile 

Originally published: Appliance Retailer, 28 October 2021

Two-thirds (66%) of Australians expect to make a significant household purchase this year, such as a new fridge, sofa or computer, with almost three-quarters (73%) of households interested in using a Buy Now, Pay Later (BNPL) service to purchase these items, according to new research commissioned by BNPL online retailer, Gimmie.
One in three (33%) Australian families say they couldn’t afford to pay for it upfront with the vast majority (91%) saying they prefer to pay for high-value items over time to help manage household budgets.
The independent survey conducted by Pureprofile polled 1,002 Australians aged between 18 and 65 who have used a Buy Now Pay Later, Rent to Own or Interest Free scheme to make a purchase in the last 12 months.
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