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Should I get a loan?

Quap

Quap

Oct 14, 2008
302
193
44
Lubbock, Texas
#1
Went to GC last night, and fell in love with a EBMM Sterling, HS for $1019! I can't find a NEW one for that low of a price anywhere. Should I jump and float the payment till I get an end of the year bonus, or is normal and I am just not looking in the right place?
 
#2
If you get a loan then it's going to wind up costing you more than $1019. The fundamental rule of finance is that if you have to borrow the money you can't afford it. The only two exceptions to the rule are a mortgage and your education.
 
#9
How many have bought on a credit card, some thing as a loan right? Plus GC has no interset if paid in 6 months.

But my main question for EBMM owners, is this an abnormal price? Or will there be another available in 2 months

I would rather wait.
 
#14
Never take out a loan for gear. No bass is worth it.

House
Vehicle
Education

Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD, Debt is BAD
 
#16
JxBass said:
If you get a loan then it's going to wind up costing you more than $1019. The fundamental rule of finance is that if you have to borrow the money you can't afford it. The only two exceptions to the rule are a mortgage and your education.
Click to expand...

I'd disagree... unless you're talking about taxes. It is possible to finance at 0%. Just saying.

I'm only pointing this out because in the past I've made 0% deferred payment purchases and had people insist that what I paid had to be more than I actually paid... damn the receipt.
;)

Anyway, what the OP really seems to be asking is if this is anythng special deal-wise as far as the bass goes... not the wisdom of borrowing, which is never as cut and dried as most of these posts IMO IME. Guess he shouldn't have mentioned how he'd pay for it;)

I don't know. Seems low but I'm not really on top of that market.
 
#19
If you can do the 6-mo interest free financing and you know you'll be diligent about paying it off, that's a decent way to go. I have an MF credit card specifically so I can snag deals w/ interest free financing that I might not have cash on hand for. The catch is that if you don't pay it off, they'll hit you for the full 6 (or 12 or whatever) months interest and their interest rates are pretty high. So don't go that route if you don't have a plan to kill the debt before the interest kicks in.

Part of being a smart consumer is knowing how to finesse financing options like this. I wonder if those claiming, "If you have to take out a loan, you can't afford it" have always paid cash for their homes and cars? True, a new bass may not be the necessity your car is but it's almost certainly a better investment (though hopefully not a better investment than your home, unless you got screwed on your mortgage -- not like THAT ever happens :hmm: ).
 

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