Lenses on credit

you lot are like a bunch of bl**dy kids!

I bought my first dslr from PC World on an interest free "buy now lay later scheme" (9 months I think it was), not sure if they do lenses anymore but was all done online and sorted in a few days. Needless to say I paid it off before the sky high APR kicked (which is back dated to the purchase date!), for me it was great and allowed me to have the camera for 9 months before I could really afford it.
 
With the prices on lenses going up all the time it might make sense to get it on a credit card.:):thumbs:
 
The23rdman said:
I understand what you're saying and I may well wait a little while, but I already have a decent idea of the kind of things I'm going to be into and plan to buy a lens that'll cover most of my options. I might even just go ahead and buy these ;)
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Why not just irritate everyone - get a credit card with 12 months 0% and a huge credit limit and blow it all on Spearmint Rhino and booze. You may be skint, owe a fortune (and possibly have an STD) but they could feel righteous.

I wish I were a big boy...

Chris
 
Tulipone said:
Why not just irritate everyone - get a credit card with 12 months 0% and a huge credit limit and blow it all on Spearmint Rhino and booze. You may be skint, owe a fortune (and possibly have an STD) but they could feel righteous.

I wish I were a big boy...

Chris
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Well, that's a much better idea and investment!
 
swag72 said:
Jessops do 0% finance - I've bought a couple of lens's and my first DSLR from them on 0%.
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I think it's the same deal as Warehouse Express, £29.00 settlement fee.

0% card is the way to go if you want to defer a large expenditure.
 
Virgin are doing 0% credit card for 16 months, best deal anywhere for cards at the moment so says the Martin Lewis website :thumbs:
 
bakedbeans said:
Big boys don't need to ask strange people on a internet forum for financial advise. Big boys would understand the concept of a credit card and draw their own conclusions. Big boys don't get upset if small boys share their opinion about big boys' debts.
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Yawn Yawn :shrug:
 
Graham00 said:
Virgin are doing 0% credit card for 16 months, best deal anywhere for cards at the moment so says the Martin Lewis website :thumbs:
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Don't trust a word that man says,he talks oot his ass.He of the fixed rate morgage ...etc
 
bakedbeans said:
Big boys don't need to ask strange people on a internet forum for financial advise. Big boys would understand the concept of a credit card and draw their own conclusions. Big boys don't get upset if small boys share their opinion about big boys' debts.
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:bat: Crivvens!
 
Graham00 said:
Virgin are doing 0% credit card for 16 months, best deal anywhere for cards at the moment so says the Martin Lewis website :thumbs:
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That's great if you have a balance transfer to deal with, but if you're a good boy(and a great big boy) who knows how to control his debt it's not so good as it's only 0% on purchases for 3 months. Would have been nice though. :)
 
dapprman said:
To segue this - and this is not a comment on the OP or anyone here.

It is precisely because credit was given to all and sundry that the sub-prime crisis occurred and brought the international banking system to it's knees. And don't think that it was a US problem either, for while many of the big banks were hit by foreign debt investments, both Northern Rock and B&B went bump due to the large number of sub-primes they held in this country.
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Thats not quite true. Northern rock had a business model which meant borrowing money one the short term money markets to fund long term debt. It was highly profitable, in fact they made a god profit just before the govt bailed them. THe problem they had is that when the sub prime market in the US went wrong, the banks didn't know who had what share of the bad debts, because they had been packaged up and sold on. At first banks didn't know how much toxic stuff they had themselves. SO they kept any cash they had to try and make sure they were OK. This meant that Northern Rock couldn't borrow the funds short term to cover the long term debts, and so they had no cash. Then everyone got twitchy and started to withdraw it and made the problem worse.

The govt at the moment are actually insisting that Lloyds/HBOS and RBS lend more now than ever. The problem is, they can't find enough credit worthy people and businesses to lend to under the tight new lending criteria they have now to ensure responsible lending.

As someone has said, without debt, we wouldn't own our own homes, and business would struggle without overdrafts etc to trade on. It is an essential part of our society. If a bank can't lend out money it has on deposit and charge interest on it, how can it pay interest to its savers?

To the OP, you seem switched on, so do what you feel you can manage. A 0% CC will give you more choice over suppliers and mean you can haggle for a god deal. Taking HP from a shop means you pay their price and have little room to maneuvre on price.
 
Kerioak said:
I'm staying out of the financial side, but have to mention that you can get some great results by sticking high class lenses on a 350D :)
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God, please don't tempt me! ;)
 
lawrie29 said:
To the OP, you seem switched on, so do what you feel you can manage. A 0% CC will give you more choice over suppliers and mean you can haggle for a god deal. Taking HP from a shop means you pay their price and have little room to maneuvre on price.
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My feelings exactly. I only mentioned credit from retailers to begin with because it's been so long since I bothered with a CC that it wasn't even on my radar. The suggestion to take one out on 0% is by far the most sensible.
 
Oh, I'm sorry. Did you want the five minuet argument or the full twenty minuets?
 
Another option is always a small personal loan from your bank, that's what I have done in the past, you can choose how long you pay it back over and their rates aren't terrible as long as your not stretching it over a long period of time (2yrs or more)

I used it to purchase my D80 and will be using it again in a month or so when I upgrade again :)
 
sheddy said:
Oh, I'm sorry. Did you want the five minuet argument or the full twenty minuets?
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Argument, you want next door, this is abuse!!
 
Phew, that was getting a bit heated for a while!!!!!!!!:cuckoo:
 
bakedbeans said:
Just wait and save, it's not worth it going into debts if it's just a hobby.
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i agree completely, there is no point in borrowing money to fund a hobby, a pro requires the best kit for their clients, and their work pays for the kit.

i would save and use what you have until you can afford it outright
 
s-leeson said:
i agree completely, there is no point in borrowing money to fund a hobby, a pro requires the best kit for their clients, and their work pays for the kit.

i would save and use what you have until you can afford it outright
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Of course there is a point - you will get the goods quicker and gain more immediate enjoyment from your hobby.

I personally don't have a CC but I do put £100 a month into a savings account and havn't missed a payment since I set it up - not much different to having a similar arrangement on a 0% CC imo.
 
Daysleeper40 said:
Of course there is a point - you will get the goods quicker and gain more immediate enjoyment from your hobby.

I personally don't have a CC but I do put £100 a month into a savings account and havn't missed a payment since I set it up - not much different to having a similar arrangement on a 0% CC imo.
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thats fair enough,

but my point was that pro's may "need" to get the goods quicker whereas a hobbyist may only "want" it, not saying there is anything wrong with doing it on a card, but with current "credit climate" being how it is it may be an un-neccessary risk for some. :)
 
Phew, that was getting a bit heated for a while!!!!!:help::help:
 
s-leeson said:
i agree completely, there is no point in borrowing money to fund a hobby, a pro requires the best kit for their clients, and their work pays for the kit.

i would save and use what you have until you can afford it outright
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And that isn't likely to happen in the near future with my life situation. With only a 50mm prime lens I may soon lose interest if I have to wait over a year before I can buy another lens. Nope. I'll have a credit card, thank you, and budget for it monthly.

Now where was that argument room?
 
s-leeson said:
thats fair enough,

but my point was that pro's may "need" to get the goods quicker whereas a hobbyist may only "want" it, not saying there is anything wrong with doing it on a card, but with current "credit climate" being how it is it may be an un-neccessary risk for some. :)
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And it'll not be any unnecessary risk as I'm not planning on buying top class gear. :)
 
The23rdman said:
And that isn't likely to happen in the near future with my life situation. With only a 50mm prime lens I may soon lose interest if I have to wait over a year before I can buy another lens. Nope. I'll have a credit card, thank you, and budget for it monthly.

Now where was that argument room?
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fair enough,

only my opinion :D
 
I'm going to annoy you all now.
I am very fortunate and have access to the bank of Mum, 0% and easy terms.
I also have a very strict wife, who likes to join me on earning gigs and depending on the take she prioritises my needs.
ie;
we need a lap top but her Mum will lend us hers, i want pocket wizards but i have good ebay cheapies, lenses are a whole different issue, Wifey understands that i need a second body etc etc
if you have these facilities then they really take the pressure off.
getting a loan for the lenses the OP wants seems like total madness imo.
get a loan for L's (yes my 70 -200 went from 990 with kerso to 1700 at jessops).

and the important bit of my post.
we failed the credit check for jessops interest free and then got bombarded with "special deals" from a related credit company.
isn't that a breach of data protection?
 
Save up for things you want - this "have it now" culture not only leads to debt and unhappiness, but it takes away the pleasure of finally getting ahold of that piece of kit you've lusted after for ages.

For example, I'd like a Nikon 300mm f/2.8 AF-S VR, my credit card has a high enough limit that I could go and buy it tomorrow, but where's the "fun" in that? It might take me a while (putting it mildly :lol:) to save up the cash, but it'll belong to me, not the bank or a credit card company...
 
I'm with Flash on this one. I saved for about 3 months to get together 150 quid for my Sigma 70-300 and while I realise thats pennies to a lot of folks we've got a very limited household budget unfortunately but it was definitely worth the wait and the saving.

Since then I've continued saving, thankfully I'm able to put a bit more by each month now and I'm aiming for some nice upgrades to my kit but it was the practices of saving for the 150 quid Sigma lens that gave me the discipline and motivation to save for something better. I might have missed out on a few nights out and some other wee luxuries but I'm glad I'm doing it and think it's well worth it in the long run especially with all the financial woes we are seeing around us of late.

Just my tuppenceworth
Tommy.
 
Gonetae said:
I'm with Flash on this one. I saved for about 3 months to get together 150 quid for my Sigma 70-300
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I stick my loose change in a jar and cash it in every so often, it's amazing how much you can have lying about in 5p and 10p pieces ;)
 
So anyway. £6000 @ 0% on a brand new credit card.

1. How long does one get in Spearmint Rhino for £6000?
2. How long do I have before my wife finds out?
3. Just how effective is penicillin against STDs?
4. Should I have gone for a Cashback card?

Chris
 
Tulipone said:
So anyway. £6000 @ 0% on a brand new credit card.

1. How long does one get in Spearmint Rhino for £6000?
2. How long do I have before my wife finds out?
3. Just how effective is penicillin against STDs?
4. Should I have gone for a Cashback card?

Chris
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From what I remember from Top Gear £6000 won't even get you to Spearmint Rhino..


:lol:
 
purpleclouds said:
It is very petty to bring in your opinion when all he asked for was a company who do finance.

As has been said, £1k over 12 months is a drop in the ocean...
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surely that is wholly dependant on the amount of income the person borrowing the 1K has ?

if they earn 1K per month then it is almost 10% of their monthly income. hardly a drop in the ocean. Even if they earn 2K then after mortgages. council tax, leccy, gas, water, etc etc then the 90 quid per month could seem like a lot of money.
 
FFS a three page thread for such a simple question, should,nt a mod close this and stop wasting bandwidth :lol:
 
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