Finance

mark1em4rk

mark1em4rk

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As in title, has anyone bought a gun or equipment on finance. If yes, how does it work and has anyone had any issues doing so?
Most of the internet shops are now offering it.
It may increase my budget short term.
 
I’ve noticed finance being offered too , also I’ve seen 2 rfd offering PayPal credit, did even know that was possible
 
Finance from gun shops is easy to get and it does help lift your immediate budget but proceed with caution.

The one and only rule with this kind of finance is this - Always make your monthly payment and on time.

If you dont the penalties are extremely harsh and it will have an adverse affect on your credit rating which affects everything financial moving forward.
 
NIVEA said:
Finance from gun shops is easy to get and it does help lift your immediate budget but proceed with caution.

The one and only rule with this kind of finance is this - Always make your monthly payment and on time.

If you dont the penalties are extremely harsh and it will have an adverse affect on your credit rating which affects everything financial moving forward.
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Great advice
 
Personally I prefer to use an interest free credit card for purchases even though I can afford to buy things outright.

Firstly it keeps my cash in the bank for emergencies.

Secondly you get quite alot of buyer protection from credit cards, they're one of the safest ways to pay for things
 
Joey said:
Personally I prefer to use an interest free credit card for purchases even though I can afford to buy things outright.

Firstly it keeps my cash in the bank for emergencies.

Secondly you get quite alot of buyer protection from credit cards, they're one of the safest ways to pay for things
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That is how I prefer to pay for things over £100 I feel like I’ve got extra buyer protection, I don’t know if that’s always the case it just feels more secure, to me atleast 👍
 
Joey said:
Personally I prefer to use an interest free credit card for purchases even though I can afford to buy things outright.

Firstly it keeps my cash in the bank for emergencies.

Secondly you get quite alot of buyer protection from credit cards, they're one of the safest ways to pay for things
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Absolutely agree, even paying £100 on card.l took a gun back to a RFD and he didn't want to play ball.l started a section 75 and it was refunded within a couple of weeks.
 
Bigtone said:
Absolutely agree, even paying £100 on card.l took a gun back to a RFD and he didn't want to play ball.l started a section 75 and it was refunded within a couple of weeks.
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Ontop of that you can get extra bonuses.

Last year I had a 0% Sainsbury's card that gave you nectar points for each £1 spent and I think triple nectar when using it in Sainsbury's themselves. Also the first 6 months an extra 500 nectar each month.

We used it for everything then paid it off each month.

At the end of the year we had around £600 in nectar points to spend on the Christmas food/presents etc. felt like Christmas was free!
 
Dodgy ground finance considering how often guns change hands, original buyer moves stuff on without settling, the purchaser might be the victim of a repo .
Is there a database that can be checked as in vehicle purchases for outstanding finance , all seems a bit grey to me 🤔👍
 
Joey said:
Ontop of that you can get extra bonuses.

Last year I had a 0% Sainsbury's card that gave you nectar points for each £1 spent and I think triple nectar when using it in Sainsbury's themselves. Also the first 6 months and extra 500 nectar each month.

We used it for everything then paid it off each month.

At the end of the year we had around £600 in nectar points to spend on the Christmas food/presents etc. felt like Christmas was free!
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The old saying credit cards make a good servant but a bad master.
 
Paynut said:
Dodgy ground finance considering how often guns change hands, original buyer moves stuff on without settling, the purchaser might be the victim of a repo .
Is there a database that can be checked as in vehicle purchases for outstanding finance , all seems a bit grey to me 🤔👍
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Almost all finance is an unsecured loan so there's no collateral. The debt is guaranteed by the person not by the item.

A secured loan uses an item for collateral, such as a house, car etc. Usually these loans are high value, something like a bridging loan for a property.
 
I always try to void paying by court order, that's one form of credit your really wan to avoid :ROFLMAO:

On the plus side though, @Joey has done what I'd do if I was looking to extend the payment term, have a look at some of the money sites like https://www.moneysavingexpert.com/credit-cards/best-0-credit-cards/ to see if you can use one of these, or possibly using a transfer at 0% one instead??
 
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