1. Please take 30 seconds to register your free account to remove most ads, post topics, make friends, earn reward points at our store, and more!  
    TalkBass.com has been uniting the low end since 1998.  Join us! :)

Gear Financing

Discussion in 'Miscellaneous [BG]' started by 48thStreetCustom, Jun 26, 2013.

  1. pflash4001


    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.
  2. So it worked out okay for you?
  3. pkazzo

    pkazzo Supporting Member

    Feb 18, 2012
    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.
  4. High interrest?
  5. SirMjac28

    SirMjac28 Patiently Waiting For The Next British Invasion

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


    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.
  7. BryanM


    Dec 15, 2007
    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.
  8. pflash4001


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

    SirMjac28 Patiently Waiting For The Next British Invasion

    Aug 25, 2010
    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.
  10. ma4rk


    Jun 28, 2012
    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.
  11. 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.
  12. ma4rk


    Jun 28, 2012
    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:
  13. IPA


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


    Oct 18, 2012
    South Shore, Massachusetts
    Endorsing Artist: Fender, Spector, Ampeg, Curt Mangan Strings, Nordstrand Pickups, Korg Keyboards
    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.
  15. Jazzdogg

    Jazzdogg Less barking, more wagging!

    Jul 29, 2006
    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.
  16. lfmn16


    Sep 21, 2011
    charles town, wv
    Well aren't you special!! :D
  17. tmdazed


    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
  18. mmbongo

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

    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.