New gun finance

[JustJon]

Theres a fishing store in Birmingham that offers fishing kit on short term finance... Pay a portion and give 3 or 4 cheques dates for the next few months as a way of spreading costs.

 

Do any gun sellers do similar? Just wondering/dreaming.

[majordisorder]

Try Avalon

[RC45]

Try the sportsmanguncentre

[nimms]

Avalon guns do but the interest rate is a bit steep, why not get a 0% credit card and pay it

Off in the allotted time.

[ab1964]

Try this:

 

Figure out what your payments would be, if you're that silly to buy anything on credit, and save that amount putting it in a savings account that hopefully offers some interest paid to you. Then, when you have enough to purchase what you want - buy it cash! OF course you will have to wait to shoot while you save. But hey, that's what people did when credit was not in fashion and looked down upon by our wise fore fathers.

 

Of course, now everyone is believes the lie that credit is good for you.

 

Buying anything on credit, except maybe a house (and only if you have a huge down payment), is just plain dumb. Any terms any financier offers are always in their best interest – NOT yours.

 

Buying things on credit, especially things that wear out and lose value, like guns, cars, fishing poles, means you get to use it while the original cost gets higher and higher via interest.

 

Make a credit purchase for an item with a price of say 1,000 quid and pay it off over 2 years with say 10% interest. That item will then cost 1107.36 at the end of the two years (46.14 quid/month). If you miss payment - then the cost goes up of course. Ohhh, you say, you can get 0% Interest? Have a look at the fine print and see what the penalty is for missing a payment. You'll get hit with a hefty fee for sure.

 

So, not only has your 1,000 pound credit purchase cost you 1107.36 pounds - the item you bought is now worth less than the purchase price as it's now used and starting to wear out.

 

Payments suck, buying things on credit sucks, and anyone who buys things on credit is a sucker playing right into the banker’s or the financiers arms.

 

Here is what works every time with least amount of hassle, and saves you lots of money -

 

Save your money, purchase a quality item, and make good use out of it as you enjoy your sport without any payments hanging over you head!

[billytheghillie]

Try this:

 

Figure out what your payments would be, if you're that silly to buy anything on credit, and save that amount putting it in a savings account that hopefully offers some interest paid to you. Then, when you have enough to purchase what you want - buy it cash! OF course you will have to wait to shoot while you save. But hey, that's what people did when credit was not in fashion and looked down upon by our wise fore fathers.

 

Of course, now everyone is believes the lie that credit is good for you.

 

Buying anything on credit, except maybe a house (and only if you have a huge down payment), is just plain dumb. Any terms any financier offers are always in their best interest – NOT yours.

 

Buying things on credit, especially things that wear out and lose value, like guns, cars, fishing poles, means you get to use it while the original cost gets higher and higher via interest.

 

Make a credit purchase for an item with a price of say 1,000 quid and pay it off over 2 years with say 10% interest. That item will then cost 1107.36 at the end of the two years (46.14 quid/month). If you miss payment - then the cost goes up of course. Ohhh, you say, you can get 0% Interest? Have a look at the fine print and see what the penalty is for missing a payment. You'll get hit with a hefty fee for sure.

 

So, not only has your 1,000 pound credit purchase cost you 1107.36 pounds - the item you bought is now worth less than the purchase price as it's now used and starting to wear out.

 

Payments suck, buying things on credit sucks, and anyone who buys things on credit is a sucker playing right into the banker’s or the financiers arms.

 

Here is what works every time with least amount of hassle, and saves you lots of money -

 

Save your money, purchase a quality item, and make good use out of it as you enjoy your sport without any payments hanging over you head!

 

glad you got that off your chest, you will feel much better

[ab1964]

glad you got that off your chest, you will feel much better

 

I do, I really do feel much better!!!

 

Thank You.

[billytheghillie]

have to admit i agree 100% with you, cash is best

[Laird Lugton]

Saving up is quite good for you too. The effort involved in saving and having a lump sum in your account normally makes you question whether you actually need something as it is hard to save and once you spend that lump sum it's gone. Signing a credit agreement or buying it on a credit card is easy but the debts soon mount up.

Edited June 26, 2011 by Laird Lugton

[buckaroo23]

i save up as much as i can then buy what i want put it on me card then pay it all off when the bill comes in dont carry cash any debit card all the time a lot safer and easyer to save my money

[Zaiyn]

Try this:

 

Figure out what your payments would be, if you're that silly to buy anything on credit, and save that amount putting it in a savings account that hopefully offers some interest paid to you. Then, when you have enough to purchase what you want - buy it cash! OF course you will have to wait to shoot while you save. But hey, that's what people did when credit was not in fashion and looked down upon by our wise fore fathers.

 

Of course, now everyone is believes the lie that credit is good for you.

 

Buying anything on credit, except maybe a house (and only if you have a huge down payment), is just plain dumb. Any terms any financier offers are always in their best interest – NOT yours.

 

Buying things on credit, especially things that wear out and lose value, like guns, cars, fishing poles, means you get to use it while the original cost gets higher and higher via interest.

 

Make a credit purchase for an item with a price of say 1,000 quid and pay it off over 2 years with say 10% interest. That item will then cost 1107.36 at the end of the two years (46.14 quid/month). If you miss payment - then the cost goes up of course. Ohhh, you say, you can get 0% Interest? Have a look at the fine print and see what the penalty is for missing a payment. You'll get hit with a hefty fee for sure.

 

So, not only has your 1,000 pound credit purchase cost you 1107.36 pounds - the item you bought is now worth less than the purchase price as it's now used and starting to wear out.

 

Payments suck, buying things on credit sucks, and anyone who buys things on credit is a sucker playing right into the banker’s or the financiers arms.

 

Here is what works every time with least amount of hassle, and saves you lots of money -

 

Save your money, purchase a quality item, and make good use out of it as you enjoy your sport without any payments hanging over you head!

 

I agree. Cars, bikes, guns or whatever other toy is best enjoyed when its saved for, bought and paid for.

 

Zaiyn.

[JustJon]

I disagree... Free credit means my hard earned cash enjoys investment in an interest returning fund?

 

The choice is clear? Go for credit anytime the credit rate is lower than the return rate on a potential investment. Simple math. I'm not talking about over stretching myself, having bad credit, paying 20% interest or anything as daft. The initial comparison to fishing tackle was based on a 0% interest cheque system.... It always makes sense to take that offer up!

 

Why wouldn't I take credit if the math works? If I thought the temptation to have more and pay later was worth it. As it happens, I'm good at math, it drives my life normally therefore the equation is simple.

[majordisorder]

I disagree... Free credit means my hard earned cash enjoys investment in an interest returning fund?

 

The choice is clear? Go for credit anytime the credit rate is lower than the return rate on a potential investment. Simple math. I'm not talking about over stretching myself, having bad credit, paying 20% interest or anything as daft. The initial comparison to fishing tackle was based on a 0% interest cheque system.... It always makes sense to take that offer up!

 

Why wouldn't I take credit if the math works? If I thought the temptation to have more and pay later was worth it. As it happens, I'm good at math, it drives my life normally therefore the equation is simple.

 

Good point, I once bought a car on 0% rather than paying cash as I was quids in with the interest earned on the amount over the two years.