Online FInancing?

[godfather955]

Does anyone know if any of the pricescope recommended online diamond stores offers any type of financing? Thanks!

 

[MichelleCarmen]

Blue Nile.

 

[mrssalvo]

Pearlmans

 

[coda72]

You could also get a credit card with an introductory 0% apr. That usually runs out within 6 months to a year, but it''s a good way of using other people''s money for free for a while. I know people on this board don''t advise buying anything on credit, but I have used this method quite a few times, and it worked well for me. You have to be very disciplined in making payments on time and in paying off the balance just before the 0% runs out. Nowadays you have to have very good credit to get one of these cards, but the offers are still out there if you google it.

 

[Todd Gray]

I won''t comment on the financing offered by other vendors, but I will share my experience with "jewelry financing" as it has been offered to us by various banks over the years...

I''ve looked into it in the past and determined that we either have to charge higher profits in order to cover the points charged by the credit card company on our end - i.e. 8% on our end to offer 30 / 60 / 90 "same as cash" offers to the customer -or- the interest rate charged to the customer is something exorbitant like 23.9% or BOTH!!!

The fine print usually works something like this... Vendor offers "same as cash" (for whatever period of time) and is charged up front "points" by the bank for each transaction financed, this results in higher up front pricing for the consumer... Then the customer has the opportunity to buy the piece "interest free" for the specified period of time, but if the entire balance is not paid off by the end of the time period advertised then the bank will charge the interest retroactively and !!!SLAM!!! not only did you end up paying 8%++ more for the item to begin with, but now you''re paying 23.9% (or whatever) in retroactive interest running all the way back to the day you purchased the item! IMO that "deal" is NO DEAL which is why I recommend customers obtain independent financing from a local credit union where the rate is going to be better from start to finish.

 

[strmrdr]

Several offer layaway even if they don''t advertise it.
If that is what your interested in contact the vendor of your choice and ask.

 

[isaku5]

Karl''s right. All the vendor can do is say No, and provide a reason similar to Todd''s...or not. No harm done on either side.