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Should I get a loan?
- Thread starter Quap
- Start date
and, if so, where, exactly, do you keep it?
Under my grandma's mattress of course. Let me see if I can find her address...
- Sep 9, 2007
- 5,309
- 4,977
- Disclosures
- Endorsing Artist: Eventide, GHS Strings, G&L Guitars, NS Design, Tsunami Cables
Everyone knows that's debil music.
Well, the Devil DID play a fiddle, not a bass, made of gold so you're probably right.
If that was a good deal or not.
The answer is: YES.
Musicman Sterling HS basses go for much more than that and I have not been able to find too many locally. I've been eyeballing one for about $1475 which is by far the best deal I've come across. Guitar Centers are hit and miss and when they blow out musicman basses they usually have the best prices.
As far as taking out a loan to get it, man I've bought so many basses and god knows what else on credit cards that conventional wisdom told me not to and paid it all off, no biggie. That's your call.
The answer is: YES.
Musicman Sterling HS basses go for much more than that and I have not been able to find too many locally. I've been eyeballing one for about $1475 which is by far the best deal I've come across. Guitar Centers are hit and miss and when they blow out musicman basses they usually have the best prices.
As far as taking out a loan to get it, man I've bought so many basses and god knows what else on credit cards that conventional wisdom told me not to and paid it all off, no biggie. That's your call.
A loan is for something you NEED but can't afford to pay for in one lump sum. That bass is not a NEED.
Has no-one ever heard of layaway? Every GC purchase I've made (with the exception of my B450) has been on a layaway plan.
What if your work says "things are tight and there will be no bonuses this year?" What if your car breaks? What if you find the amp of your dreams for another thousand?
Wait until you have the money.
As someone said earlier "Debt is bad!"
Wait until you have the money.
As someone said earlier "Debt is bad!"
Or it's for something you want or in my case know I can turn a profit on. Or many other things. Sometimes a loan can make perfect sense.
If the OP was buying the bass because he already has a buyer to turn a quick profit, then you have an argument. But a loan for a bass that he intends to keep and is supposedly going to pay off with a bonus that he's expecting to get? Bad idea. Don't need to be Warren Buffet to raise an eyebrow at that.
I don't expect to get it. I know I am getting it, down to the penny, just like all the other 30,000 employees in my company.
It's profit sharing, it's just easier to call it a bonus.
So I know I will get the money. The point of the post, was if this deal was too good to pass up. Somehow that got lost in 6 pages of talk about credit . . .
OH! Well then..Yes,Yes...by all means buy the bass. It's a good deal. You know you only live once
the subject line of the post was "Should I get a loan?" Hence the credit discussion.
if you're sure you have the $$ coming in, and you know it's a fantastic deal ... then go for it.
if you're sure you have the $$ coming in, and you know it's a fantastic deal ... then go for it.
Quap, if you have other money saved up in case other "emergencies" arise, and you know your bonus will more than cover the cost of the new bass, then go for it.
If you're married, just discuss it with the wife first.
If you're married, just discuss it with the wife first.
That's a good deal on a Sterling, but yeah, you'll find another bass similar to that around the same price. Used EBMMs usually go around the $1100 range IME. Don't sink yourself in debt just because you couldn't wait to buy a bass!
If you weren't assuming particulars about his bonus you might have an argument.
A loan for a bass he intends to keep that he can get new at well below the current market and even below the resale value of the item might indeed raise Warren's eyebrow... after all , he's a bassist too.
He's found a NEW* one for the price of a used one. And he's paying for it with his bonus.
*at least that's what I read in the first post.
