Financing

[Lockout888]

What sites besides Blue Nile offer financing?

I can afford to buy the diamond and setting I want, but would rather do the 6 months same as cash, no interest financing like Blue Nile has.

Thanks

 

[HopeDream]

Hi Lockout888,

If you're interested in working with a particular vendor, you could contact them about financing.
Some of the smaller vendors (smaller than BN) have financing available throught third party lending agences you may be able to negotiate terms with (I know that Good Old Gold used to have a list of financing agencies on their website, but now I can't find it.)
Most PS jewlers aren't able to offer financing arrangements themselves because their margins are so slim.

Good luck!

 

[kelpie]

What about a 0% intro rate credit card? Some of them you could probably earn points/cashback too. I'm a big fan of my american express bluecash. Getting $1100 back next month. Best not to enter into unless you are going to be very disciplined and know the terms though.

 

[Dreamer_D]

I think I saw that WF offers financing?

Ditto the cc route, there are lots of them now with introductory rates.

 

[denverappraiser]

Nearly every jeweler who offers financing is making a deal with a 3rd party bank or finance company to put together the finance part of the deal. The jeweler gets paid up front and the bank gets the interest, late fees or whatever charges they can. You pay the bank directly and they are the ones who will hastle you if you're late. The jeweler basically has nothing to do with it. In effect, it's exactly the same as opening up a new credit card account that's only good at one place. Which bank offers the best terms and conditions for this kind of deal will depend on what you are looking for but it's a wickedly competitive business. Check out www.bankrate.com for bunches of competitive offers. Choose your jeweler based on the merits of the jeweler and choose the bank based on the merits of the bank. There's no reason to tie them together.

 

[daftKow]

Other options could include a Line of Credit, or a promotional introductory low-rate credit card. Call up your bank, and other financial institutions. I know MBNA has these offers often.

Please be diligent at paying these down though, and also read the fine print. A missed or late payment, and they wont hesitate to rack it up to the legal limit close to 29%+ or more. And compounding interest is a mean monster when it's eating you!

As with all, it can't hurt to shop around!