Outlaw Credit

Ricardo
Ricardo Posts: 10,636
edited November 2007 in Electronics
Not many of us buy a lot of new stuff, but this looks like a nice option. 12 months no payments/no interests for outlaw purchases over $1,000.

http://www.outlawaudio.com/promo_pages/csmfin.html
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Post edited by Ricardo on
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Comments

  • venomclan
    venomclan Posts: 2,467
    edited October 2007
    Interesting, sounds like business is down.
    Venom
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  • Monster Jam
    Monster Jam Posts: 919
    edited October 2007
    The economy as a whole is down. Especially big ticket items like furniture, electronics, cars and homes.
    Do you hear that buzzing noise? :confused:
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  • cfrizz
    cfrizz Posts: 13,415
    edited October 2007
    That's always been there since they started their own card. It's just smart business. I got all of my gear from Tweeter with their card & had a year to pay it off. 12 smaller payments are far easier than one big one. And not having to worry about interest payments is great!
    Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
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  • ninerbj
    ninerbj Posts: 870
    edited October 2007
    Smart business is right. I would guess they will get quite a draw in new customers with this deal. Like Cfrizz said, it's sometimes easier making 12 small payments than one large sum.
    "she had the body of Venus, with arms."
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  • bruss
    bruss Posts: 1,039
    edited October 2007
    that link is dangerous.. lol.. beware
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  • WilliamM2
    WilliamM2 Posts: 4,804
    edited October 2007
    bruss wrote: »
    that link is dangerous.. lol.. beware

    I know you are kidding, but you are very correct. If you need to pay off your audio purchases over time, you can't afford it.

    Credit offers like these are banking on the fact that most people wil not pay it off in a year, and they will get interest then, all the way back to the beggining date.
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  • bruss
    bruss Posts: 1,039
    edited October 2007
    Some things are better to be financed.. Audio equipt in my mind is not one of them.. To each his own though...
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  • WilliamM2
    WilliamM2 Posts: 4,804
    edited October 2007
    Damn, just read the application. 22.98% (variable), What a joke.
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  • venomclan
    venomclan Posts: 2,467
    edited October 2007
    Life Lesson: Never finance something that will depreciate in value.
    Venom
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  • sucks2beme
    sucks2beme Posts: 5,677
    edited October 2007
    And I have no interest in payments!
    "The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson
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  • daboyz
    daboyz Posts: 5,207
    edited October 2007
    If you need to build credit I can think of worse things to buy
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  • tcrossma
    tcrossma Posts: 1,301
    edited October 2007
    I do no payments/no interest all the time. For me it's not a matter of not having the money for the purchase, but if someone's going to give me an interest free loan, i'll take it.
    Speakers: Polk LSi15
    Pre: Adcom GFP-750 with HT Bypass
    Amp: Pass Labs X-150
    CD/DVD Player: Classe CDP-10
    Interconnects: MIT Shortgun S3 Pro XLR
    Speaker cables: MIT MH-750 bi-wire
    TT:Micro Seiki DD-35
    Cartridge:Denon DL-160
    Phono Pre:PS Audio GCPH
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  • cfrizz
    cfrizz Posts: 13,415
    edited October 2007
    Bingo! I could have paid the purchase off all at once, but since I didn't have to take such a large amount out of my checking account all at once, & I didn't have to be worried about the interest, why not do it?

    I never pay anyone's interest. I pay my credit card off in full each month. There is no harm in this situation if you play it smart.
    tcrossma wrote: »
    I do no payments/no interest all the time. For me it's not a matter of not having the money for the purchase, but if someone's going to give me an interest free loan, i'll take it.
    Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
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  • sirhc55
    sirhc55 Posts: 5
    edited November 2007
    We have these options in Oz too. But for the unwary if they DO NOT make any payments for the first 12 months then start to pay it off, they get hit with around 27% interest - I pay for everything cash. . .
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  • cfrizz
    cfrizz Posts: 13,415
    edited November 2007
    If people are too lazy to read, they deserve whatever they get.

    Welcome to CP Sirhc55.
    Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
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