Lenses on finance

Bobby uk

Bobby uk

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Hi guys just wanted to see if any one has ever got a lens on finance and if so where is a good place to look?
 
I bought my D7000 + kit lens from Jessops over a year ago on 10 months interest free. Paid £200 as a deposit and then £50/month for ten months. Not a problem, but think since Jessops have re-convened the interest free period may be down to 6 months.
 
It's cheap way to fund expensive glass purchasing, I'd certainly take advantage of it to buy L glass :canon:

I will most likely use an interest free credit card, you have to be disciplined to make the payments though
 
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Norkie said:
It's cheap way to fund expensive glass purchasing, I'd certainly take advantage of it to buy L glass :canon:

I will most likely use an interest free credit card, you have to be disciplined to make the payments though
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Yep i agree. The problem is im to inpatient to wait for things, i know that i could wait a few months and have the money but i want it now!:grumpy:
 
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I opt for interest free credit card. Extra protection. No additional credit checks. Easy to keep track of balance.
 
Wex are offering interest free credit on most (possibly all) Canon bodies and lenses at the moment. 24-70 f2.8 for £149 per month... pretty tempting!
 
Call me old fashioned, but unless you really 'need' a lens, surely if you can only afford it on finance, you can't really afford it ... ? Why not save for it? Much safer and certain and, that way, if you hit any financial difficulties, you aren't lumbered with a finance agreement to add to your problems. Just call me Martin Lewis!! ;)
 
I bought my 70-200vr2 from Jessops. Interest free over 6 months.

I'd sold my old sigma and was awaiting some extra money from work. I could have waited a couple of months and paid outright but I wanted it sooner!

S
 
Goody13 said:
Call me old fashioned, but unless you really 'need' a lens, surely if you can only afford it on finance, you can't really afford it ... ? Why not save for it? Much safer and certain and, that way, if you hit any financial difficulties, you aren't lumbered with a finance agreement to add to your problems. Just call me Martin Lewis!! ;)
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I very much think this way to. Just before Christmas i was looking to get a canon 5d3 and kit lens. i ended up picking Jessops with the offer they had and the 12 months interest free credit. Upon entering the shop and asking further questions the credit was a fixed term agreement. To me that makes no sense as i would have paid it off long before 12 months so just keep that in mind, i ended up putting it on the savings card and then saving hard for a couple of months.
 
Marks and Spencers do a 0% for 18months credit card you could stick it on? Often a popular choice.
 
I think Santander have an 18 month 0% purchase card as well. Personally I don't see anything wrong with buying a lens (or anything else ) this way, for some people (me included ) saving up a few hundred pounds would take an enternity!
 
I bought a 17-70mm f4 from Jessops on 0% finance. I was going to buy it anyway but thought why use my money when I can use theirs.
Everything went fine, as long as you have the money in your account for the payment each month there should be no problems but obviously they hope you don't as that's where they make the money to offer interest free credit to begin with.
 
I bought my 7D on 0% back in the day, I didn't have £1250 spare to buy it outright but I did have £100 p/month spare (or whatever the payments were). I figured I could save up for a year and buy it outright or pay no interest and enjoy using it for a year. Not a difficult choice for me.
 
Mike.P said:
I was going to buy it anyway but thought why use my money when I can use theirs.
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Exactly, :agree: it' a cheap way to borrow money, take advantage.

The No1 thing remember is, pay it off on time, don't borrow more than you can afford. Just be sensible. ;)

Also, when I spoke to WEX regarding an interest free camera body, they told me you can pay off some of the cost instantly, to reduce the overall credit. i.e, the camera is £500.00, you could pay £100.00 instantly, £400.00 credit.
 
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EspressoJunkie said:
I think Santander have an 18 month 0% purchase card as well. Personally I don't see anything wrong with buying a lens (or anything else ) this way, for some people (me included ) saving up a few hundred pounds would take an enternity!
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I hate to be dumb, but if it would take you an 'eternity' to save up a few hundred pounds it would also take you an 'eternity' to pay a few hundred pounds off a credit card. The former option gains you interest, the latter option does too, but at a much higher rate in the opposite direction.
 
CharlotteM said:
I hate to be dumb, but if it would take you an 'eternity' to save up a few hundred pounds it would also take you an 'eternity' to pay a few hundred pounds off a credit card. The former option gains you interest, the latter option does too, but at a much higher rate in the opposite direction.
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Don't worry, being dumb is an affliction many of us suffer!

I'm guessing that he's referring to 18 months being an eternity. The choice is to

A) save for 18 months first and then buy the lens

B) use an interest free credit card for 18 months, GET THE LENS 18 MONTHS EARLIER

As long as you can pay the amount off/save the amount for the lens, I'd go for option B every time. You get 18 months utility out of the lens vs minimal interest from the bank.

That's my dumb take on it anyway

S
 
CharlotteM said:
I hate to be dumb, but if it would take you an 'eternity' to save up a few hundred pounds it would also take you an 'eternity' to pay a few hundred pounds off a credit card. The former option gains you interest, the latter option does too, but at a much higher rate in the opposite direction.
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Not if you use a 0% card. And if you haven't cleared it all by the end of the cards 0% time, then all you have to do is balance transfer to a 0% BT card ( albeit with a small fee). Credit cards can be really bad if they're used stupidly, but when used properly they're actually very useful. And its simply human nature to want something sooner rather than later. I've bought stuff this way before and it really costs very little extra than saving for it beforehand.
 
Sir SR said:
Don't worry, being dumb is an affliction many of us suffer!

I'm guessing that he's referring to 18 months being an eternity. The choice is to

A) save for 18 months first and then buy the lens

B) use an interest free credit card for 18 months, GET THE LENS 18 MONTHS EARLIER

As long as you can pay the amount off/save the amount for the lens, I'd go for option B every time. You get 18 months utility out of the lens vs minimal interest from the bank.

That's my dumb take on it anyway

S
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Or just... wait 18 months. (I understood the part about the interest free credit card).

It's just a lens.
 
EspressoJunkie said:
Not if you use a 0% card. And if you haven't cleared it all by the end of the cards 0% time, then all you have to do is balance transfer to a 0% BT card ( albeit with a small fee). Credit cards can be really bad if they're used stupidly, but when used properly they're actually very useful. And its simply human nature to want something sooner rather than later. I've bought stuff this way before and it really costs very little extra than saving for it beforehand.
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You know, they can ask for the money back at any time.
 
CharlotteM said:
Or just... wait 18 months. (I understood the part about the interest free credit card).

It's just a lens.
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You mean like option A.

It may be just a lens but what's the harm in paying of around 16/month for a 300 pound lens vs waiting 18 months?

It is also easy to say its just a lens when you already own/have access to a few.

My 2p

S
 
I wish i could be like that (save and get it when your ready) but my brain just wont function like that, plus i know that with my luck 3 months down the line somthing will happen and i will end up dipping into the savings pot and so back to square one. To be honest im only after a canon 17-40 which are going new for about £600 so im not looking at breaking the bank.
 
Bobby uk said:
I wish i could be like that (save and get it when your ready) but my brain just wont function like that, plus i know that with my luck 3 months down the line somthing will happen and i will end up dipping into the savings pot and so back to square one. To be honest im only after a canon 17-40 which are going new for about £600 so im not looking at breaking the bank.
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If you can spare 35 quid a month then there's no harm, IMHO, getting it on the interest free credit card. You'll get the joy and fun of using it now rather than in 18 months. And you can always pay it off sooner if you get a windfall!!

S
 
As someone else said, if a company is offering 0% then absolutely take it because you will save money. However if the only way you can afford the lens is paying over 18 months then that is a slightly different situation.
 
Jessops won't let pay of sooner so be careful if you use their credit facility
 
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