by "Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout)
Published 06/26/2017 at 09:24
by "Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout)
Published 06/26/2017 at 09:24
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STARS: 1
Apparently that’s a thing. The website Kseriesparts.com lets you finance car parts; which I think is insanely stupid but I’ve always been curious as to what life sucking rate you get. Thankfully some idiot did and he bought $2200 coilovers, financed them and is paying a 20% interest rate.
I feel like car parts or modifications of any form are things you should not finance..but that’s just my $0.02
"Smallbear wants a modern Syclone, local Maple Leafs spammer" (smallbear94)
06/26/2017 at 09:27, STARS: 1
If you need to finance car parts:
a) You need a more reliable car,
or
b) You really don’t have the money for mods. Don’t be an idiot.
Of course, this is coming from someone who never intends to finance a complete CAR unless it’s unavoidable, so ymmv...
"Honeybunchesofgoats" (honeybunche0fgoats)
06/26/2017 at 09:27, STARS: 1
Financing $2200 at 20%? I don’t even.
"fintail" (fintail)
06/26/2017 at 09:30, STARS: 0
Not exactly a risk-free proposition for the lender either.
"TheBloody, Oppositelock lives on in our shitposts." (thebloody)
06/26/2017 at 09:33, STARS: 1
“A fool and his money are easily parted” never rang so true as it did here.
I’m speechless...
"nermal" (nermal)
06/26/2017 at 09:36, STARS: 2
How is that different from using a credit card? For that matter, is this simply a store credit card?
"404 - User No Longer Available" (toni-cipriani)
06/26/2017 at 09:38, STARS: 0
Title plus website name makes it sound like it’s run by some K-Car owners’ club.
"Steve is equipped with Electronic Fool Injection" (itsalwayssteve)
06/26/2017 at 09:48, STARS: 0
That was my first thought. My first credit cards were between 24-29%
My Best Buy card is still up over 20% but I haven’t used it in two years. Plus I still get 0% for 6 months so anything I might buy I pay off asap.
"Nothing" (nothingatalluseful)
06/26/2017 at 09:52, STARS: 1
I use a credit card for points. When I don’t use it long enough, I usually get some silly 0% for 18 month offer. The only time I ever “finance” is when I get 0%, otherwise, I pay the balance off monthly. Even when I do get 0%, I still don’t like to carry a balance.
"Smallbear wants a modern Syclone, local Maple Leafs spammer" (smallbear94)
06/26/2017 at 10:02, STARS: 1
I’d also like to know the length of the deal, frequency of payments, how much they required up front and whether it’s simple or compound interest.
Unless it’s a VERY short term deal, say 6 months or something... it’ll never be paid off.
"bhtooefr" (bhtooefr)
06/26/2017 at 10:41, STARS: 0
Well, if you’re selling cheap Chinese parts, you’ve probably made your money back after a couple of payments, the rest is pure profit.
"DC3 LS, will be perpetually replacing cars until the end of time" (dc3ls-)
06/26/2017 at 11:03, STARS: 1
I’ll take things Army privates do for $500.
"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout)
06/26/2017 at 11:39, STARS: 1
He says he pays $90 a month, so i do not know what that equals out in terms of payment length
"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout)
06/26/2017 at 11:43, STARS: 0
Considering the website does not personally finance this, its a 3rd party company..it’s not a really a store credit card
"Smallbear wants a modern Syclone, local Maple Leafs spammer" (smallbear94)
06/26/2017 at 11:58, STARS: 0
Over 2 1/2 years, at least. Depending on how often they tack on the interest.
Once a year, 31-32 months. Monthly, he’s paying forever.
"DrScientist" (DrScientist)
06/26/2017 at 12:58, STARS: 0
same basic idea though. this car parts store probably doesnt have the financial backing or infrastructure of a company like, say, macy’s.
"nermal" (nermal)
06/26/2017 at 13:05, STARS: 0
Looks like financing is thru a company called Affirm. They appear to be a startup financing institution targeting online stores. So it’s not quite a credit card.
Most store credit cards are run through an actual bank, such as HSBC.
"merged-5876237249235911857-hrw8uc" (merged-5876237249235911857-hrw8uc)
06/26/2017 at 13:28, STARS: 1
That’s how we use our cards too, similar to a debit, but at least we are afforded the protections a credit card offers online vs debit cards that are linked to your checking account.