CheapAir: Buy Your Next Flight In Monthly Payments

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MIAMI (CBSMiami) – If you would love to take a dream vacation but don't have the cash, you can now buy airline tickets and make monthly payments.

CheapAir.com is teaming up with a finance company to offer purchase plans to cover airfare.

The payment method is aimed at travelers who don't have a credit card or can't manage the cost all at once.

Buying a ticket involves a credit-check, which determines the interest rate of 10 to 30 percent APR.

The website also lets you buy tickets with Bitcoin and Western Union.

Airfare prices have been dropping recently thanks to lower fuel costs and more capacity.

Some analysts expect airfare to drop even further this fall.