What Ltlabner said. I think you're crazy to even consider it.
What Ltlabner said. I think you're crazy to even consider it.
I'll agree with those who want you to save up some cash and buy it during the holidays. Then you can say its a gift to the family instead of just for yourself
can't you just make the wife get a job and pay for it with the extra money she's making
my mom and dad just bought a 40" lcd for their bedroom ... financed it for a year ... at 0% interest. They COULD pay cash, but why? They'll establish automatic payments and forget about it.
edit: and they will too. they've done it before.
Why? Because of the supposed shorter life span? If they last as long as the 60,000 hours they're claiming they will, that will amount to over 27 years at six hours a day of use. Even if they only last half that amount of time, it will exceed the amount of time that most televisions get used anyway.Originally Posted by SeeinRed
We've got some 13 year old TVs that still work, but they're obsolete. The same will go for the stuff that's new today. By the time it wears out, something better will be available anyway.
For my two cents, a television picture gets no better than plasma.
Monoprice sells top quality stuff at those amazing prices. I don't know how they do it. And, they don't lowball on the price and then gouge on the shipping. The shipping rates are low, too!
I'm a big monoprice guy as well. The quality is great. In fact, the only cable (optical) that I've had problems with is the one that didn't come from monoprice. Don't get taken to the cleaners on cables.
How do we know he's not Mel Torme?
The better question is why not pay cash if you have it? I'm sure your parents will be fine and can handle this but this is the attitude that has created the latest credit "crisis". People have built up massive credit card debt based on the attitude of "why pay now?" You're going to have to pay for it sometime. Why not pay now and then eliminate the risk of something happening and the interest kicking in.
Because if you put credit to work for you instead of letting in take advantage of you, it can be a great tool. Take this example. A $2K TV I can pay off today, or pay in 12 months. Interest free loan? Sign me up! Take that $2K and put it in a 12 month CD a 4%. That nets you $80 (less taxes).
Lots of people get in trouble with credit, but I know more than a handful that use it very smartly and benefit greatly.I'm sure your parents will be fine and can handle this but this is the attitude that has created the latest credit "crisis". People have built up massive credit card debt based on the attitude of "why pay now?" You're going to have to pay for it sometime. Why not pay now and then eliminate the risk of something happening and the interest kicking in.
GL
If the economy tanks, he loses his job, and he's out on the street, the $1200 he would have saved by listening to you would have lasted him a month if that. It's not like all of these things are going to happen and the television is going to be the single reason he's in trouble.What would you rather have if the worst happens and you lose your job? A little money in the bank, or a nice TV to watch American Idol?
Breathe easy. If you want the television, go for it.
There's nothing wrong with the all the advice- it's all very sound, but seriously, if buying a TV is what sends you into financial misery, you weren't in good standing to begin with.
Nothing wrong with buying things on credit if you can stop with the television. Just don't run up a bunch of debt by not being careful.
Hey Mr. Rockefella, for many of us $1200 is approaching "a bunch". I'm not sure I get the pour-gas-on-the-fire strategy.
I"m with you, Rojo, I just think we're going down a little dramatic path over a couple thousand dollars.
No matter what, who you are you can climb out of that kind of hole in little time if everything else in his life goes wrong.
True but that doesn't make it sound advice. Its playing with fire and you never know when unforeseen circumstances might change your financial situation.
Get the TV.
Your wife can always get a second job.
We'll go down in history as the first society that wouldn't save itself because it wasn't cost effective ~ Kurt Vonnegut
She was a level-headed dancer on the road to alcohol
And I was just a soldier on my way to Montreal
Well she pressed her chest against me
About the time the juke box broke
Yeah, she gave me a peck on the back of the neck
And these are the words she spoke
Blow up your TV, throw away your paper
Go to the country, build you a home
Plant a little garden, eat a lot of peaches
Try an find Jesus on your own
Well, I sat there at the table and I acted real naive
For I knew that topless lady had something up her sleeve
Well, she danced around the bar room and she did the hoochy-coo
Yeah she sang her song all night long, tellin' me what to do
Blow up your TV, throw away your paper
Go to the country, build you a home
Plant a little garden, eat a lot of peaches
Try an find Jesus on your own
Well, I was young and hungry and about to leave that place
When just as I was leavin', well she looked me in the face
I said "You must know the answer."
"She said, "No but I'll give it a try."
And to this very day we've been livin' our way
And here is the reason why
We blew up our TV threw away our paper
Went to the country, built us a home
Had a lot of children, fed 'em on peaches
They all found Jesus on their own
She used to wake me up with coffee ever morning
If handled correctly, you can pay $2K today or pay $1920 later (effectively, since you can make $80 in interest). How is it sound advice to pay up front?
Quite frankly, if unforseen circumstances come up and I needed the money I'd rather have the $2K in hand and let them repo the TV.
Caveat: (Other than the obvious that the person can't control themselves and will spend the money on something else.)
GL
Posting Permissions
|
Board Moderators may, at their discretion and judgment, delete and/or edit any messages that violate any of the following guidelines: 1. Explicit references to alleged illegal or unlawful acts. 2. Graphic sexual descriptions. 3. Racial or ethnic slurs. 4. Use of edgy language (including masked profanity). 5. Direct personal attacks, flames, fights, trolling, baiting, name-calling, general nuisance, excessive player criticism or anything along those lines. 6. Posting spam. 7. Each person may have only one user account. It is fine to be critical here - that's what this board is for. But let's not beat a subject or a player to death, please. |
