Buying guitar and payments? Why is this!

Discussion in 'Guitars' started by Msharky67, Sep 21, 2021.

  1. Mrmadd

    Mrmadd Well-Known Member

    Joined:
    Jul 29, 2020
    Messages:
    190
    Likes Received:
    310
    When Sweetwater or Sam Ash lenders offer free interest for 36 and 48 months, that is GOOD MONEY.
    Bought my Rick Bass that way.
    Yeah it took 3 years, but NO INTEREST at all. Just principal payments.

    Any time a lender gives you 0 percent interest, that is good money.
    Just make sure you comply with promotional arrangement.

    NO INTEREST is goid money.
     
    Mitchell Pearrow and steveb63 like this.
  2. usablefiber

    usablefiber Active Member

    Joined:
    Jul 16, 2013
    Messages:
    400
    Likes Received:
    174
    I was really screwed by this. When i was like 19 I was super naive and I got all excited by all the store credit options. Wow a 1600 dollar guitars and only a small payment every month wow that’a so easy! no worries! I ended up getting payment plans for guitar center, musicians friend, sweetwater, and american musical supply for a bunch of different high end guitars and amps. It was a huge mistake and my credit is still in the dumpster 10 years on as a lot of it ended up to collectors agencies.


    Just make sure you have a steady income to rely on for monthly payments and you aren’t going crazy expensive and you will be ok though.
     
    Mitchell Pearrow likes this.
  3. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334
    hows about "if you cant pay cash then thats your income telling you you cant afford it"
     
  4. Sapient

    Sapient   Gold Supporting Member

    Joined:
    Mar 14, 2020
    Messages:
    4,955
    Likes Received:
    9,417
    Location:
    Yes
    Damn. We might all be homeless. ;)
     
    Mitchell Pearrow likes this.
  5. anitoli

    anitoli Well-Known Member Gold Supporting Member

    Joined:
    Jul 9, 2011
    Messages:
    10,266
    Likes Received:
    14,825
    Location:
    Lewiston, Maine U.S.A.
    My Dad always used to say, "you can't borrow your way out of debt, you need to make hard currency".
     
  6. Msharky67

    Msharky67 Well-Known Member

    Joined:
    Mar 12, 2012
    Messages:
    1,114
    Likes Received:
    891
    Location:
    Queensbury ,NY
    I think I said this before. Anybody who likes the Gibson Les Paul page on Facebook knows what I mean when how disheartening it is seeing so many beautiful guitars and owners having multiple of them. Here I am like I would love just to have one. Missed my chance back in 2016 when I could've had one for $799 new! I just feel like I always get Fucked at life when others are handed a golden spoon! Why can't I have some glory! Same with the Studio Marshalls! If those were made back in 2000 I would have bought all three and be set for life. I am always at the wrong place at the wrong time. I agree with the above posters that making payments isn't always the best answer. I don't mean to sound like a prick but at least I aim to make the right choices and do what I can physically do! I work hard for what I have!
     
    Mitchell Pearrow likes this.
  7. bad565ss

    bad565ss Well-Known Member

    Joined:
    Apr 5, 2015
    Messages:
    446
    Likes Received:
    815
    Location:
    Waterford, Michigan, USA
    Has it occurred to you that those guys who have all those beautiful guitars busted their asses to be in a position to afford them? Having said that, 0% payment plans are a great way for us common folk to get into nice gear assuming we have the steady
    income situation to service the debt. If your financial
    situation doesn't allow a $50 or $60 a month commitment than you have more important life
    and financial issues to get right before you go buying $2500 guitars.
     
  8. StrummerJoe

    StrummerJoe Well-Known Member

    Joined:
    May 3, 2021
    Messages:
    1,933
    Likes Received:
    4,675
    If I don't have the money to buy it I save until I do. Then I'll buy on credit and pay it off.

    Never buy on credit if you can't pay the balance right then. Something could come up that messes with your income.

    Be smart.
     
  9. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334

    i hate to LIKE this one but i agree with you indeed. :cheers:
    but if one should choose to put gear on plastic this is
    good advice and is deeper than whats marked on the side of the pool.
    just be careful. some holes can be a hat floater. :cool:
     
    Last edited: Oct 2, 2021
  10. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334

    hell if it werent for women and the need for electricity most of us could live in a cardboard box
    and make it work.
     
    Sapient and StrummerJoe like this.
  11. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334

    brother........... the rain WILL come.
    [​IMG]
     
  12. StrummerJoe

    StrummerJoe Well-Known Member

    Joined:
    May 3, 2021
    Messages:
    1,933
    Likes Received:
    4,675
    Fact!

    Car repair, home repair, have to get a new place because of your bitch now former girlfriend, etc...can all screw the best laid plans.
     
  13. Matthews Guitars

    Matthews Guitars Well-Known Member

    Joined:
    Aug 17, 2019
    Messages:
    4,985
    Likes Received:
    7,472
    My advice: Only buy things that are REALLY important on credit. (Home and transportation, a car.) Everything that is not on that level of importance, things you can live without....live without if you can't pay cash.

    Incidentally, credit history information is limited to 7 years back. An unpaid debt is no longer factored into your credit score after seven years. It's called the seven year rule, and it dates from the date of the original delinquency.

    Basically you can walk away from a debt after seven years. As far as the credit history is concerned, anyway. That doesn't mean you aren't liable to repay the debt. That'll generally be a function of the amount of money we're talking about. If it's worth it for the creditor or collector to drag you into court over it.
     
  14. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334

    and when the wind blows it destroys too. can sneak up on anybody.
    the slightest breeze can take everything you have no matter how well
    one thinks they have planned or how strong they think their fortress is.
     
    StrummerJoe likes this.
  15. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334

    and those are small things considering what can come and whats always but a few steps away.
     
    StrummerJoe likes this.
  16. Msharky67

    Msharky67 Well-Known Member

    Joined:
    Mar 12, 2012
    Messages:
    1,114
    Likes Received:
    891
    Location:
    Queensbury ,NY
    Here is another pity story. I started playing guitar in 1999 and after playing a couple years I had a couple cheap guitars. I had a friend come over to jam and he just started. Guess what he comes over with. Yes a Gibson LP standard. It hurt but was happy for him. I got to try it out. I don't remember how it sounded and everything. I was scared to touch it. So fast forward to this year another friend is gifted a new Gibson LP. Not any model but the model I was looking to get but couldn't. There least affordable one. After thinking about both sides today it just made it hurt worse. I don't have any kids and probably won't. I won't have those holiday gifts from anyone or would have a really good friend who would do so for me as well. I don't think I will ever be able to full fill a dream and feel good about it. I feel like I don't even want that model now because its not going to be the same. Oh here is your constellation price. Hope your happy. I don't think so.
     
  17. StrummerJoe

    StrummerJoe Well-Known Member

    Joined:
    May 3, 2021
    Messages:
    1,933
    Likes Received:
    4,675
    Especially these days.
     
    ricksdisconnected likes this.
  18. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334
    they dont even have to do that any more. its gotten way to easy for them to "help you" ruin yourself for MANY yrs to come.
     
    StrummerJoe likes this.
  19. ricksdisconnected

    ricksdisconnected Well-Known Member

    Joined:
    Aug 11, 2019
    Messages:
    11,439
    Likes Received:
    19,334
    or your last payment.
     
    StrummerJoe likes this.
  20. StrummerJoe

    StrummerJoe Well-Known Member

    Joined:
    May 3, 2021
    Messages:
    1,933
    Likes Received:
    4,675
    Gawd dang! You make me want to get Richie Sambora drunk. :facepalm:
     
    RLW59, anitoli and ricksdisconnected like this.

Share This Page