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Guitar Center ends lay away policy
- Thread starter davidjbass
- Start date
They did not offer that option. But even if they did I would not have chosen to use it. I have too many cards as is. And I am sure the interest rate is not the best.
Be straight with us bro...
you want to buy it cash so the wife doesn't know about it.
Should be 0% interest - that is how Sweetwater works. Both my guitar, bass and bass amp are on layaway -at my house - to be paid for eventually.
Be straight with us bro...
you want to buy it cash so the wife doesn't know about it.
Lol! You nailed it on the head! Also if I opened another credit card my wife who is a VP at a bank would have my head.
Being single is still so damn fabulous!
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Layaway, for any retailer sounds like a potential inventory-short-long term storage nightmare.
Warehousing unsold merch is costly enough. Waiting for accounts to be fully received (not to mention defaults) probably dented their bottom line.
Warehousing unsold merch is costly enough. Waiting for accounts to be fully received (not to mention defaults) probably dented their bottom line.
The interest rate if, one pays as billed, add extra cost to an instrument that we've been cranky about trying to hit the moving price of anyway.
I have 2 credit cards. One for emergencies and one for play. I just paid off a lot of debt. Don't want to get into anymore. Even if it's short term. I ended up going back the next day and buy the bass. With Cash! And the wife knows lol! I looked at it as if it was still there the next day then it was meant to be. If not so be it. I think in the long run it will hurt GC getting rid of the layaway. Not a lot of musicians have the available cash or credit to make a large purchase right out the door. Being able to put a percentage down to hold it for 30 days could help a lot of players get want they want. A lot live pay check to pay check. But it's GC's call. A least I know now.
When I worked music retail, layaway was sometimes a fraught affair. Some people would put down the initial 20% and never return for months only to rematerialize and ask for the deposit back.
That must be to continue living in the way you're accustomed without any new cash flowing in, but what about a bare bones existence until new income starts rolling in?
If it's because it's an affluent area, then everyone in that area probably has real money & have saved a lot of it.
I used to tell me friends to stop with the night life when they were out of work, but they wouldn't listen, claiming they were networking for a new job, in bars!
It's odd, it seems to me that U.S. citizens are just more prone to Consumerism than elsewhere. It's difficult not to spend money on things you need, but many spend on things they don't need.
Guitar Center has their own store card with months of interest free payments for people who are living paycheck to paycheck.
If someone can't pass the credit check, then they should probably just abide the decision that they're not ready to buy.
I'm not well off financially, but I am a Frugal Fred. A decade ago when I bought a 3D-TV my cousin was envious & even questioned others how I could afford that. He even had his mother ask my mother, so weird!
Meanwhile he's out to eat dinner with his wife & to watch movies in the cinema 4 out of 5 nights/week & couldn't afford to make his house payments.
This.
I don’t even let myself shop until I’ve worked out exactly how much I’m going to allow myself to spend and have the cash in hand. Saved me a lot of frustration, not to mention wasted time waltzing around music stores and perusing online ads.
I turned 65 yesterday and acutely aware of the cost of living especially in these parts…but I’m better off than most. It’s tough being tall, good looking, and financially secure…*guffaw*.
I miss GC layaway, they used to have great prices, so, if I see something I like, I just placed it in layaway, but now I have to save the total amount and since they been rising prices on used equipment, when I have the full amount of cash in my hand is easier to take a look at reverb looking for a better deal.
I have no credit, and layaway was my best option for items over $300-$400 and up.
Now, if I manage to save $1k I wont run straight to GC, but I look around for every available option at other stores.
I just found a nice mesa amp at their website today and I wish I could buy it, but I have to pay rent next week. I hope I could just put it in layaway.
Sometimes some GC advisors call me, but I dont even answer their calls anymore.
I have no credit, and layaway was my best option for items over $300-$400 and up.
Now, if I manage to save $1k I wont run straight to GC, but I look around for every available option at other stores.
I just found a nice mesa amp at their website today and I wish I could buy it, but I have to pay rent next week. I hope I could just put it in layaway.
Sometimes some GC advisors call me, but I dont even answer their calls anymore.
Would've been nice if they had allowed me to finish paying my layaway. I was already almost done paying off my guitar and then was told they were getting rid of layaway after they had already set a date for me to finish paying it off. I was pretty pissed off. Instead of getting the Boden Standard NX 6 Sarah Longfield Edition $1200 used guitar (I'd already paid $900+ on it from layaway) I ended up switching to an $800 Ibanez electric guitar. She's beautiful but it wasn't the one I had wanted. I'm happy and content with her but I wanted the Boden Standard NX 6 Sarah Longfield Edition that matched my colorful personality more. Was definitely not happy that day
But there was no risk with the layaway. You could back out of it. Also, how is being comfortable you can pay the debt at the end of the month any different whether it's on a credit card or layaway? Either way, you have something to pay off at the end of the month.
Confused by all the people saying paying for something on a credit card is fiscally responsible but putting it on layaway isn't. A credit card is only fiscally responsible if you're paying it off on time. Same with layaway. Also, the credit card is giving you the item right away while with layaway you don't get it until you finish the payments. So it's even more of an instant satisfaction thing.
And like I said, GC allowed you to back out of layaway transactions. So there was zero risk. Worst case, GC had simply held onto your money for a couple weeks.
And like I said, GC allowed you to back out of layaway transactions. So there was zero risk. Worst case, GC had simply held onto your money for a couple weeks.
buldog5151bass
Kibble, milkbones, and P Basses. And redheads.
If you can't pay off your credit card in full each month, you are spending money you shouldn't be spending. Same way with layaway - don't give the money to them, put it in YOUR account and don't touch it, so you keep the interest.
It's also a mindset. If you can't afford it, you don't buy it.
It's also a mindset. If you can't afford it, you don't buy it.
