Post # 1
Found a band for $1000 w/o tax.
For those of you whose bought wedding bnds already, do you pay the full price right then and there or do you finance it and pay monthly or something. If you pay monthly, there is interest right?
So isually for wedding bands, is it advantage/better to just pay it all right then and there or no??
Post # 3
Our jeweler let us do a lay away plan – so, no interest charged. If it’s through a major company, my guess is there will be interest.
I don’t see why there would be any advantage to not paying it all at the same time (unless you can get some sort of interest free payment plan set up).
Post # 4
We paid for our rings outright. We weren’t interested in financing any part of them. If you do finance, you most likely will have to pay interest.
Post # 5
My ring is on layaway, so no interest or anything. I wouldn’t finance it if there’s no layaway option, I would just pay it.
Post # 6
If you can afford it, pay it all at once, it is one less headache to worry about. Also… ask if you pay in full if you can get a discount. They will probably say no, but hey it never hurts to ask. (for the record, I got 5% off my wedding band by paying in full in cash)
Post # 7
It just depends what you can afford.. if you have the money to buy it up front, that’s the smartest thing to do bc you won’t pay interest on it. If you don’t have the money you could either finance it, save up and wait till you have the money, or try to hunt for a band that fits your budget better. It just depends what you wanna do. I won’t be getting my wedding band till after we are married for awhile because we just have other financial priorities right now (getting a house) and FI doesn’t want to finance a wedding band.
Post # 8
We paid like 20% when we picked ours out because they had to order them and the balance when we picked ours up. You don’t necessarily pay interest if you finance, they might do an introductory rate (0% for 12 months)
Post # 9
Usually when you pay in cash people are willing to not charge sales tax, even the big chain jewelry stores! We used this tactic to negotiate with all of our wedding vendors as well. It worked on about 90% of them.
Post # 10
Both? We used a credit card to get the points but then paid it off right away.
Post # 11
@cora_123: We did exactly this! Actually we do this with basically everything (down payment on new car $4k on card, paid off the next week but gave us a lot of points)
Post # 12
If you can afford it, why not pay for it all right then and there. If you can not a lot will let you do a lay away deal which is fine too!
Post # 13
@cora_123: Totally agree with this as well! We do it all the time. Unless the cash discount is worth more than the points are, we always go plastic 🙂
Post # 14
We’re financing my engagement ring.
Post # 15
Personally, I think financing one’s rings is a bad idea. If you can afford to buy it outright, I would do that because it will avoid potential problems and interest charges in the future. If not, a layaway option would be good (if there aren’t any fees or interest involved). If you can’t pay outright and layaway isn’t an option, I would save up or choose something less expensive. Even if you don’t get exactly what you want now because of financial constraints, you can always upgrade later when you have more funds available.
Post # 16
@cora_123: My DH did that with my engagement ring.. smart man 🙂
We paid for our wedding bands on the spot… Mine was just over $700 (custom! What a great price!) and his was… cheap 🙂 Like, less than $200 I think!