Flexible payment shop


#1
Hello, i have a friend planning to buy his first DSLR cam, but would prefer to have it on installment payment. As per my advice he'll take a body and a separate lens(slightly better than kit). Harvey Norman didn't have stock, is there any other shops that offer this kind of payment mode? We have asked few shops already.
 

guangzhao

New Member
Jun 29, 2008
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Braddell
#2
You can try Courts. They have cameras as well but they're probably a bit more expensive...
 

#3
You can try MS Color. I bought my 500D few months back. Paying by citibank credit card with 12 months 0% installment. Different credit card different installment plan. But if paying by credit card need to pay additional 1.5% on top of the quoted price. You can call them to check for more detail.
 

Octarine

Moderator
Staff member
Jan 3, 2008
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Pasir Ris
#4
Think twice whether it is necessary to put a hobby on installment payments. I'd try to pay upfront and have the credit card as backup for real emergencies. Especially with consumer products you will have the situation that after some months (or as soon as the next model comes out, the cycles are short) your remaining resell value of the gear is lower than the outstanding amount in the installment plan. Which means: if you need to sell in order to get cash you will lose out.
A short term installment (e.g. 6 months) would still be ok in terms of numbers.
 

Mar 2, 2009
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#5
Think twice whether it is necessary to put a hobby on installment payments. I'd try to pay upfront and have the credit card as backup for real emergencies. Especially with consumer products you will have the situation that after some months (or as soon as the next model comes out, the cycles are short) your remaining resell value of the gear is lower than the outstanding amount in the installment plan. Which means: if you need to sell in order to get cash you will lose out.
A short term installment (e.g. 6 months) would still be ok in terms of numbers.
Typical newbie who buys/sells camera intead of a real love for photography. My old cam still gives me great pics. I even shoots film, love it.
 

bernards

New Member
Feb 17, 2004
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#8
Typical newbie who buys/sells camera intead of a real love for photography. My old cam still gives me great pics. I even shoots film, love it.
He/She is giving sound advice. You should stroke yourself some where else.
 

daredevil123

Moderator
Staff member
Oct 25, 2005
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lil red dot
#9
Buying consumer electronics on installment is one of the most financially unsound decision you can ever make. Don't do it. :nono:

Unless you are planning to "extend" your credit line by buying on installment and converting the item to cash by selling it immediately. :bigeyes:
 

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