Vendors allowing "layaway" or interest free financing?

[turboflgrl]

Please delete/close.

Thank you.

 

[WinkHPD]

You will need to contact your desired vendors to find out, it is not appropriate for any of us to answer your question directly on the forum as per forum rules. As with most things, some will, some wont. I do know that some are now adding gold price clauses to their layaways, especially if a quote is given now and the actual ring made only when the ring has been more than 50% PAID FOR. Gold prices are fluctuating insanely right now. Platinum too.

Wink

 

[denverappraiser]

For policies of specific jewelers, ask them about it but, in general, borrowing money from a jeweler is a bad way to go. Why? Because banking is a highly competitive business and there are lots of people out there who will loan you money for a good rate and darn few who will give you a smoking deal on a killer diamond. Rarely are they in the same place. Where these two lines cross is that nearly every jeweler, and all of the ones you’ve mentioned, will accept credit cards as payment and there are hundreds of banks fighting over the right to issue you a card if you’re creditworthy. A good place to shop cards for rates is www.bankrate.com.

It’s worth noting that going into debt for a discretionary purchase like jewelry is almost always a bad idea. Buying with a card is good because of the consumer protections offered by the system but it’s nearly always best to pay it off before the interest kicks in. Set a budget you can afford and stick with it no matter what the sales people try to push you into.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[turboflgrl]

I have e-mailed a few and have gotten a response from none (still waiting on one) which brought me to ask here. I did not mean to offend anyone by asking about policies of vendors recommended on this website.


I'm also not interested in going into credit card debt over it as I am looking for interest free (similar to Tiffany's though I would not spend my money there after what I have learned on this site). I am also only looking to spread it over a month or so as the ring is being created. It makes me nervous to put all my money into something before I see a finished product.




***Mods please delete/close this thread. I did not realize it was against the rules***

 

[denverappraiser]

There’s no offense. Individuals rarely know the rules that vendors are bound by when they post here. They have different rules than you do. It’s against the rules for a vendor to tout their own policies and it’s nutty for one to tout (or disparage) someone else’s. That doesn’t leave much room for them to talk about it in the forum. Individuals are welcome to discuss it all they want.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[D&T]

speaking as one who have done many custom jobs, usually I find that most vendors I have used some not a PS vendor and one B&M has let me put a "down" payment while the ring is created and balance is paid in full when the product is completed. Hope that helps, sometimes, the ring is finished within a few weeks, others it has taken about six weeks to complete. I have done a few custom projects with Etsy Vendors that has this policy with a deposit listing and then remaining balance is due upon the finished product. It doesn't hurt to ask though.

 

[WinkHPD]

Date: 11/24/2009 3:13:54 PM
Author: turboflgrl
I have e-mailed a few and have gotten a response from none (still waiting on one) which brought me to ask here. I did not mean to offend anyone by asking about policies of vendors recommended on this website.


I''m also not interested in going into credit card debt over it as I am looking for interest free (similar to Tiffany''s though I would not spend my money there after what I have learned on this site). I am also only looking to spread it over a month or so as the ring is being created. It makes me nervous to put all my money into something before I see a finished product.




***Mods please delete/close this thread. I did not realize it was against the rules***

My apologies Dear Lady, I did not mean to imply that YOU had violated the rules, only that it would be wrong of us vendors to get into it in detail.

I will add that what you describing is more of a downpayment of say half, then paying the balance on completion, which is TOTALLY different than a layaway, at least in my mind. (Warning, I have been accused of having lost my mind more than once.)

For definitve answers you will again need to talk to the vendors, but your question is valid and I sincerely apologize for not having expressed myself more clearly.

Wink