Why can't you pay for guns like you can cars?

[welshy]

If i remember rightly planet used to finance many moons ago think it was about 10 years ago
why they didnt keep it going i don`t know

 

[NBR]

With finance you also have termination rights which could mean the Finance company could be left with the Gun/Equipment and no means of regaining their costs.

What i mean by this is...(In simple terms, it get more complicated) You say you buy your marker for £1000 on finance... the moment you have paid £501 you could ring up the finance company and say "come collect your marker please i don't want it anymore" and you can do that as many times as you would want and not harm your credit rating.

Sounds great for the customer new uzi every 6 months... but the finance company would probally cancel the agreement with the retailer...

 

[dr.strangelove]

the reason that paintball guns arnt available on finance is probably due to the fact that for the work they would have to do and the risk factor that they would have to take into account the profit in giving credit on such a low value item (sorry but even the most expencive marker is peanuts to a finance company) wouldnt be worth it to a finance company. they tend to work on big profit over a longer time rather than making a couple of hundred quid over a years plan, also partly because if you chose not to pay it back its hardly worth taking you to court to get back.....

im not financial adviser but thats my personal thoughts on it.
id go for a loan from a bank for such a small amount over such a short time anyway, far better interest rates.

QFT. Finance companies can't be arsed to waste their time on $1000 paintball guns. Even if they did, the interest would be outrageous, as it's hardly worth taking you to court or sending out a repo agent if you default on your payments: they'd spend more recouping the whopping $1000 than the gun and your life are worth. You can accomplish the same thing with a small, short term bank loan or by using your credit card. Not worth it.

 

[Dskize]

so why store cards then.. doesnt the 30% per annum make this worthwhile?

 

[EyeFellOva]

A lot of car places offer finance on such things as Stereos and I.C.E... they are low value items. I'd like to see someone offer something simple like 4 months interest free, then they can whack 35% interest on if you don't wanna pay and with all the charges places like this add they can end up making a mint for very little effort.

 

[Dusty]

A lot of car places offer finance on such things as Stereos and I.C.E... they are low value items. I'd like to see someone offer something simple like 4 months interest free, then they can whack 35% interest on if you don't wanna pay and with all the charges places like this add they can end up making a mint for very little effort.

and what is in it for the company providing to cover the risk they are taking??

yes car places do offer finance on accessories, but at a silly rate. seriously, go to the bank it works out far cheaper!

 

[EyeFellOva]

I don't doubt that! All I am saying is that credit can be offered on almost any item!

This is mutually beneficial for both the company offering credit as some people may choose to carry on paying for the items after the initial period, and for the company selling the goods as more units are sold due to the fact that credit is available.

 

[HUSH HUSH]

HUSH HUSH- I've used an Ion, there fine for starters, the idea is i want a better gun, quality, performance, value holding, you know Ions are really the last resort, so not sure what you mean about run before you can walk

What i mean is at the moment you cant afford jack so buy a cheaper marker and upgrade. By the time you upgraded you will still have a considerable amount in you pocket.

I dont understand what you mean by performance when tournaments are capped at under 15bps upgraded barrels are available for all markers to improve accuracy and effeciency and as for holding price you will lose more on a higher priced marker when you come to reselling as you strike me as the type to buy new every year.

 

[Jonny 03]

Hey dude,

I work for a successful paintball park here in my home town and we're currently working on something very very similar to what you have said as CJ mentioned earlier.

I cant say too much as of yet but watch this space. A one stop paintball shop with offers and part payment options is just around the corner.

 

[MissyQ]

You can go to a finance company for anything you want. Go to one, try Acorn, and they will cut a cheque to the supplier of your choice. They will fleece you stupid, but its exactly the same as they do anyway in any finance agreement, you just cut out the middle man. You have to be 18, and employed for 3 years, but thats pretty much it.