everthing financial

[ROM]

Hey guys,
I sold most my stuff a while back and I miss it. I now make a decent crapload and tomorrow im going into the music store and im gonna look through a finance plan and see what I can do for monthly payments.

I am going with my original Idea of Peavey 1x15 and 4x10 but for Basses I am looking for 5 string maybe 6 if cheap but im looking for something you would not catch on stage everyday.
I am not worried abot having to order it and wait a while.

Any ideas?

forgot to add, im left handed so a left handed bass.

[Mr. Grill]

Maybe Ibanez SR506?

[edgebass5]

My only advice is to be careful when using financing options through music stores. As an example: Musician's Friend cards. These are basically just a credit card that can only be used at one place. They have all of the same credit advantages and disadvantages of a real credit card. The key difference is that they offer great interest rates (sometimes 0%) for a limited period of time. What people don't realize is that when you exceed this time frame your interest rate jumps to market prime (usually in the over 20% range). Another problem with these types of cards/programs is that they don't offer the safety a real credit card does. If you miss a single payment or incur a single late fee its likely if not guaranteed that your interest rate will jump to market prime (again... that its over 20%.... bad deal).

Get yourself a real credit card with real terms and real payment options. Much safer... provided you have purchasing control and don't start buying everyday things with it too :lol:

[ebe9]

Will agree with edge here, only one slight change.

Speak to your bank rather about a loan to purchase what you want.

Credit cards can be bad news, debit card is a safer option.

[Akira]

The good thing about credit cards is that if you use them responsibly then it you can build up your credit score, which is good for when you have to buy a house or a car or something.
Or at least that's what people have told me. They are probably lying to me. :p
Debit cards are great though. So convenient.

[ROM]

I do have a credit card but I went to get a price check on a 1x15 with head. Came over 1000$ CAD. I could altho probably but a 1x15 amp for 600$ CAD or so. (NOT CHEAP)

[Soulfly666]

My only advice is to be careful when using financing options through music stores. As an example: Musician's Friend cards. These are basically just a credit card that can only be used at one place. They have all of the same credit advantages and disadvantages of a real credit card. The key difference is that they offer great interest rates (sometimes 0%) for a limited period of time. What people don't realize is that when you exceed this time frame your interest rate jumps to market prime (usually in the over 20% range). Another problem with these types of cards/programs is that they don't offer the safety a real credit card does. If you miss a single payment or incur a single late fee its likely if not guaranteed that your interest rate will jump to market prime (again... that its over 20%.... bad deal).

Get yourself a real credit card with real terms and real payment options. Much safer... provided you have purchasing control and don't start buying everyday things with it too :lol:

This.

Judging from what you want to get, you don't want to get caught up paying 19 - 24% interest on $1500 - $2000 worth of gear, it doesn't sound like it would be too much fun.

[ROM]

Credit cards already have 20 some % in interest.
Going straight from them will have cheaper interest plus I am going to pay a hunk of it there and make about 200$ a month in payments.

[Soulfly666]

Credit cards already have 20 some % in interest.
Going straight from them will have cheaper interest plus I am going to pay a hunk of it there and make about 200$ a month in payments.

Well as long as you have it planned out with paying little to no interest, and actually have the money, then go for it.

[ROM]

I know I can work out a deal with this guy. I was looking at a 4x10 and he wanted to sell me an 8x10 for 3/4 of its price.

I saw a nice 1x15 for 600$. I could buy that then go back for the bass later on.

[edgebass5]

Will agree with edge here, only one slight change.

Speak to your bank rather about a loan to purchase what you want.

Credit cards can be bad news, debit card is a safer option.
If you get a loan from a bank its a line of credit. A line of credit and a credit card are fundamentally the same thing.

You mentioned a debit card as well. A debit card is directly tapped into your checking and savings account, and will only work with money that you already have. ROM is talking about borrowing money for this purchase which immediately rules out using a debit card as this is money he doesn't currently have.

Credit cards already have 20 some % in interest.

Is your credit horrible? That's the only reason you'd have 20% interest on a credit card.

As an example I have great credit (in the mid to upper 700's), and two credit cards. One is 0% until March of 2008 at which time it will adjust to 7.4% (which is precisely when I'll transfer that balance to a new 0% card), the other is sitting at 5.3% and won't be going anywhere other than down.

With both of these cards I have to completely miss 3 payments before my rate is adjusted to market prime. With a loan from a store you're likely if not guaranteed to jump up to market prime if you're so much as late on a single payment. Lapse your low interest window and you jump to market prime. Those types of loans are designed to make you pay more for your purchase than you'd planned.