Loan for a home theatre? - Blu-ray Forum

Coreymyster · 05-04-2008, 11:26 PM

So who here has actually taken out a loan for a home theatre? I'm thinking about it haha, but mainly i just want to get my new samsung tv!

Doc_Stew · 05-04-2008, 11:28 PM

Quote:

Originally Posted by Coreymyster

So who here has actually taken out a loan for a home theatre? I'm thinking about it haha, but mainly i just want to get my new samsung tv!

I don't recommend it. It's considered an unnecessary purchase, so financing it with the interest rates nowadays is a waste of money. Save up like a smart, fiscally responsible person would do, and by the time you have the money, chances are the TV you're looking at will cost much less anyway. A lot of people have problems with delayed gratification, but you'll find you'll appreciate it MUCH more if you actually save up the cash for it. Just my opinion.

Nicky-D · 05-04-2008, 11:29 PM

I opened up a best buy card account for my Samsung TV. No Interest for 18 months. I couldn't pass up borrowing free money for a year and a half!

JJ · 05-04-2008, 11:30 PM

Quote:

Originally Posted by Doc_Stew

I don't recommend it. It's considered an unnecessary purchase, so financing it with the interest rates nowadays is a waste of money. Save up like a smart, fiscally responsible person would do, and by the time you have the money, chances are the TV you're looking at will cost much less anyway. A lot of people have problems with delayed gratification, but you'll find you'll appreciate it MUCH more if you actually save up the cash for it. Just my opinion.

I agree with Doc here 100%. I HATE spending money I don't have. Being in college and all, about to graduate, I'm proud of the fact I am $0 in debt right now. I'm a staunch believer in saving. It feels all the more better when you buy it at the end after all your hard work pays off.

crackinhedz · 05-04-2008, 11:31 PM

Quote:

Originally Posted by Nicky-D

I opened up a best buy card account for my Samsung TV. No Interest for 18 months.

...Much better option than a loan.

Also in the add today its no interest on ANY item storewide $499 and up.

Coreymyster · 05-04-2008, 11:32 PM

Quote:

Originally Posted by Doc_Stew

I don't recommend it. It's considered an unnecessary purchase, so financing it with the interest rates nowadays is a waste of money. Save up like a smart, fiscally responsible person would do, and by the time you have the money, chances are the TV you're looking at will cost much less anyway. A lot of people have problems with delayed gratification, but you'll find you'll appreciate it MUCH more if you actually save up the cash for it. Just my opinion.

hah true, that's just my impatience kicking in, i may do what nicky-d did and just open up a credit card account at best buy

Homura · 05-04-2008, 11:35 PM

Quote:

Originally Posted by JJxiv1215

I agree with Doc here 100%. I HATE spending money I don't have. Being in college and all, about to graduate, I'm proud of the fact I am $0 in debt right now. I'm a staunch believer in saving. It feels all the more better when you buy it at the end after all your hard work pays off.

I love that feeling too. I see my roommate taking out student loans like it's nothing and it's just ridiculous what they spend it on. I will be done with my undergraduate degree in 2 weeks with $0.00 debt

. Dental school though...well luckily I can pull from my inheritance early for that lol.

JJ · 05-04-2008, 11:39 PM

Quote:

Originally Posted by Homura

I love that feeling too. I see my roommate taking out student loans like it's nothing and it's just ridiculous what they spend it on. I will be done with my undergraduate degree in 2 weeks with $0.00 debt

. Dental school though...well luckily I can pull from my inheritance early for that lol.

Shhh!!! lol - don't make me start to get worried about how I'm paying for my Master's in Architecture...

Doc_Stew · 05-05-2008, 11:46 AM

Quote:

Originally Posted by JJxiv1215

Shhh!!! lol - don't make me start to get worried about how I'm paying for my Master's in Architecture...

Or going through vet school, racking up $100k in school loans. That pretty much nixed my extravagant purchases for a while...

supersix4 · 05-05-2008, 11:49 AM

Quote:

Originally Posted by Nicky-D

I opened up a best buy card account for my Samsung TV. No Interest for 18 months. I couldn't pass up borrowing free money for a year and a half!

lol and if you pay it all back in 18mo. you'll feel even better!

ground chuck · 05-05-2008, 11:52 AM

you'd be a donkey if you take a loan out for a home theater system.

obiwopkenobi62 · 05-05-2008, 12:25 PM

It may take longer but I have paid cash for every piece of my home theater. It's great knowing you don't owe money for something. It also winds up costing you a lot more in the long run. The no interest/no payment thing is a great thing only if you pay it off before the due date.
My wife and I did buy our home theater furniture from Rooms to go about 4 months ago. They had no interest/no payment until Jan 2010 if you can believe that. We will have that paid off in a few months, way ahead of when it is due. I think a lot of people don't bother making payments and then they get stuck with interest in the end.

Lucy Diamond · 05-05-2008, 12:50 PM

Man...I like where your head is at as fars as the addiction goes, but it's definitely NOT worth a loan.

Money that costs you money is never a good thing.

Psychonaut · 05-05-2008, 02:18 PM

I financed my tv and Blu Ray player but it was also on an 18 month interest free deal. Paid it off 11 months early to get away from it. Most times I save the cash to buy stuff. I have very few bills and enjoy it.

Beta Man · 05-05-2008, 02:34 PM

We're house shopping (even got approved on the loan for the one we really fell in love with) and the new house would probably greatly change what I "thought" I'd be able to do in regards to building a home-theater. It's all about prioritizing, and a loan JUST for a home-theater is stupid......

Putting $30K into a home theater will raise your property value by $5k probably.....

If you re-finish a kitchen for $75K for instance, it's expected to raise the value (assuming you stay neutral and don't do anything extreme) by about $64K because the general rule of thumb, is 85% of money put into improvements is realized in the selling value of the house.

bottom line, maybe you need some new kitchen counters

syncguy · 05-05-2008, 02:37 PM

There is no interest free money. Someone has to pay the interest. Usually, the store pays the interest from their margins. Based on my experience, a better deal can be negotiated for cash when they say "interest free" (in most cases).

thunda · 05-05-2008, 02:42 PM

Quote:

Originally Posted by Homura

I love that feeling too. I see my roommate taking out student loans like it's nothing and it's just ridiculous what they spend it on. I will be done with my undergraduate degree in 2 weeks with $0.00 debt

. Dental school though...well luckily I can pull from my inheritance early for that lol.

Where you gonna go to dental school Homura? I'm just finishing up dental school at Creighton University. Graduation is this week. It's a nice feeling to be completely done with school.

Homura · 05-05-2008, 03:09 PM

Quote:

Originally Posted by thunda

Where you gonna go to dental school Homura? I'm just finishing up dental school at Creighton University. Graduation is this week. It's a nice feeling to be completely done with school.

Staying here at USC. I can't wait to start in August. I have been going down to Mexico with my brother (finishing up his 3rd year at USC School of Dent.) every other month for the past few years to assist him and other dentists; it has shown me that Dentistry is by far the best profession. I look forward to when we both have our license and can pack up our portable units and fly into South America for a week and work up in the mountains on indigenous people.

How did you like school at Creighton?

(Sorry for thread hijacking)

robbo · 05-07-2008, 03:46 AM

Quote:

Originally Posted by Coreymyster

So who here has actually taken out a loan for a home theatre? I'm thinking about it haha, but mainly i just want to get my new samsung tv!

Thats exactly what i did to get my full hd lcd samsung. Got it on an interest free plan here in Oz. It works out to be very affordable if your smart with your money etc. I recomened it if you are wanting it sooner and cant be patient waiting to save money

m_tyson · 05-07-2008, 04:14 AM

Quote:

Originally Posted by Coreymyster

So who here has actually taken out a loan for a home theatre? I'm thinking about it haha, but mainly i just want to get my new samsung tv!

Are you going to charge admission?

05-04-2008, 11:26 PM	#1
Coreymyster Junior Member Member since:Dec 2007	Loan for a home theatre? So who here has actually taken out a loan for a home theatre? I'm thinking about it haha, but mainly i just want to get my new samsung tv!

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05-04-2008, 11:29 PM	#3
Nicky-D Active Member Member since:Apr 2008 Location:MN Trading Score:1	I opened up a best buy card account for my Samsung TV. No Interest for 18 months. I couldn't pass up borrowing free money for a year and a half!

05-05-2008, 11:52 AM	#11
ground chuck Power Member Member since:May 2007 Location:Charm City Blu-ray collection:75 Blu-ray reviews:48 Trading Score:18	you'd be a donkey if you take a loan out for a home theater system.

05-05-2008, 12:25 PM	#12
obiwopkenobi62 Blu-ray Samurai Top ranked HT gallery Member since:Mar 2008 Location:Deatsville, Al Home Theater Gallery:531 Blu-ray collection:1143 DVD collection:62 Blu-ray reviews: 2 Trading Score:6	It may take longer but I have paid cash for every piece of my home theater. It's great knowing you don't owe money for something. It also winds up costing you a lot more in the long run. The no interest/no payment thing is a great thing only if you pay it off before the due date. My wife and I did buy our home theater furniture from Rooms to go about 4 months ago. They had no interest/no payment until Jan 2010 if you can believe that. We will have that paid off in a few months, way ahead of when it is due. I think a lot of people don't bother making payments and then they get stuck with interest in the end.

05-05-2008, 12:50 PM	#13
Lucy Diamond Blu-ray Champion Top contributor Member since:Apr 2008 Location:The Tomb of Annihilation 4K collection:- Blu-ray collection:- DVD collection:- Digital collection:- Blu-ray reviews: 2 Trading Score:3	Man...I like where your head is at as fars as the addiction goes, but it's definitely NOT worth a loan. Money that costs you money is never a good thing.

05-05-2008, 02:18 PM	#14
Psychonaut Blu-ray Samurai Member since:Apr 2008 Location:Second left after Wal-Mart Blu-ray collection:111	I financed my tv and Blu Ray player but it was also on an 18 month interest free deal. Paid it off 11 months early to get away from it. Most times I save the cash to buy stuff. I have very few bills and enjoy it.

05-05-2008, 02:34 PM	#15
Beta Man Moderator Top contributor Member since:Jan 2008 Location:Juuuuuuuust A Bit Outside.... Home Theater Gallery:4 Blu-ray collection:268 Blu-ray reviews: 18 Trading Score:25	We're house shopping (even got approved on the loan for the one we really fell in love with) and the new house would probably greatly change what I "thought" I'd be able to do in regards to building a home-theater. It's all about prioritizing, and a loan JUST for a home-theater is stupid...... Putting $30K into a home theater will raise your property value by $5k probably..... If you re-finish a kitchen for $75K for instance, it's expected to raise the value (assuming you stay neutral and don't do anything extreme) by about $64K because the general rule of thumb, is 85% of money put into improvements is realized in the selling value of the house. bottom line, maybe you need some new kitchen counters

05-05-2008, 02:37 PM	#16
syncguy Blu-ray Guru Member since:Mar 2008	There is no interest free money. Someone has to pay the interest. Usually, the store pays the interest from their margins. Based on my experience, a better deal can be negotiated for cash when they say "interest free" (in most cases).

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