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Gear Financing

Discussion in 'Miscellaneous [BG]' started by Duuuuuuuuuude, Jun 26, 2013.


  1. Duuuuuuuuuude

    Duuuuuuuuuude

    Joined:
    Nov 30, 2005
    Location:
    Hawaii
  2. pflash4001

    pflash4001

    Joined:
    Dec 2, 2011
    I did the 6 month installment plan with AMS when I got my mixer a few years ago. That was the only reason I bought there instead of Sweetwater, but I think they offer it now.
     
  3. Duuuuuuuuuude

    Duuuuuuuuuude

    Joined:
    Nov 30, 2005
    Location:
    Hawaii
    So it worked out okay for you?
     
  4. pkazzo

    pkazzo

    Joined:
    Feb 18, 2012
    Location:
    Palm Beach County, FL
    I do it all the time, makes big purchases painless. Just don't forget to make a payment... you won't be happy then.
     
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  6. Duuuuuuuuuude

    Duuuuuuuuuude

    Joined:
    Nov 30, 2005
    Location:
    Hawaii
    High interrest?
     
  7. SirMjac28

    SirMjac28 Patiently Waiting For The Next British Invasion Gold Supporting Member

    Joined:
    Aug 25, 2010
    Location:
    The Great Midwest
    You get slammed if you miss payments all that interest comes due
     
  8. Grant_MM

    Grant_MM

    Joined:
    Jul 21, 2011
    I have used the ams plans for the past 10 years or so. When they say no interest its true. That is the only online store I use.
     
  9. BryanM

    BryanM Supporting Member

    Joined:
    Dec 15, 2007
    Location:
    Pittsburgh, PA
    I use AMS and Zzounds' payment plans all the time. Nowadays they'll typicall schedule auto-drafts of the payment but I've found they've even been flexible if it falls away from payday a bit. There's usually a $25 fee or something for rescheduling a payment but I've had them waive it on two separate occasions for adjusting the payment by a few days.
     
  10. pflash4001

    pflash4001

    Joined:
    Dec 2, 2011
    If its a payment plan there's no interest, just a service fee of $10 or so
     
  11. SirMjac28

    SirMjac28 Patiently Waiting For The Next British Invasion Gold Supporting Member

    Joined:
    Aug 25, 2010
    Location:
    The Great Midwest
    Things have changed I remember way back when if you went a day past that 18 months you got slammed for all of the accumulated interest and they weren't flexible at all.
     
  12. ma4rk

    ma4rk

    Joined:
    Jun 28, 2012
    Location:
    Sydney, Australia
    The idea with these things is the shop acts an agent for a fianance company - so your pretty much getting yourself into a personal loan. The finance company is hoping that you don't pay it off within the set time period & can start charging you interest at a VERY HIGH RATE. There are some companies that make a profit off late fees instead of charging interest. So it's all good if you know you can pay it off within the set period.
     
  13. Duuuuuuuuuude

    Duuuuuuuuuude

    Joined:
    Nov 30, 2005
    Location:
    Hawaii
    Yeah, it sounds pretty good if you're responsible. Like if something goes on sale and you don't have the cash on hand right then.
     
  14. ma4rk

    ma4rk

    Joined:
    Jun 28, 2012
    Location:
    Sydney, Australia
    Yes responsibility is key. Another option is a credit card - they might have interest free periods of up to 3 months on purchases - but a credit card can be too handy :rollno:

    As a former debt collector on credit cards & loans for an a-hole bank, I cannot stress this enough: SAVE UP & PAY CASH!!! :hyper::hyper::hyper:
     
  15. IPA

    IPA

    Joined:
    May 5, 2010
    Get a credit card with a credit union, use it to buy whatever. Pay it off on time.
     
  16. Kmonk

    Kmonk

    Joined:
    Oct 18, 2012
    Location:
    South Shore, Massachusetts
    Disclosures:
    Endorsing Artist: Fender, Spector, Ampeg, Curt Mangan Strings
    Tried to do it with Guitar Center several years ago. They had a promotion where if you used your GC credit card, there were no payments and no interest for 18 months. I started receiving bills immediately. When I called to ask why, I was told that the sales clerk entered the wrong promo code and it was too late to change it. I paid it off and closed the account.
     
  17. Jazzdogg

    Jazzdogg Less barking, more wagging! Supporting Member

    Joined:
    Jul 29, 2006
    Location:
    San Diego, CA
    I've never experienced any of the problems recounted in this thread. Perhaps that's because I always pay cash; if I can't afford to pay cash, I don't buy.
     
  18. lfmn16

    lfmn16 Supporting Member

    Joined:
    Sep 21, 2011
    Location:
    charles town, wv
    Disclosures:
    I'm a Fuzzrocious-aholic. It's been one week since I bought my last Fuzzrocious pedal.
    Well aren't you special!! :D
     
  19. tmdazed

    tmdazed

    Joined:
    Sep 29, 2012
    yeah i am in the pay it as you go crowd, if you can afford it , buy it if not , do without or rent until you can , you owe no one ANYTHING at the end of it all
     
  20. mmbongo

    mmbongo Chicken Pot Pie. My three favorite things!! Supporting Member

    Joined:
    Aug 5, 2009
    Location:
    Upstate, South Carolina
    Use them all the time, they are wonderful promotions. Just don't get stupid with spending, and pay it off on time.

    I've used MF in the past with no problems, but my last few orders have been from Sweetwater, they are doing 24 months 0 interest, but there is a minimum payment.
     

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