- Joyful2019
- 4 years ago
Definitely don’t finance – it won’t be worth it in the long run, if you’re paying it off plus interest!
Definitely don’t finance – it won’t be worth it in the long run, if you’re paying it off plus interest!
Like other PPs have said, it’s only worth considering IF there is a no interest period and you are 100% positive you can pay it off within that period. Otherwise, I don’t think it’s worth taking on the debt.
If you have to save for a few months to get it, do it, but never finance a ring, or a wedding for that matter.
No. Save up and buy it cash, then insure it. It’s so important to insure your ring (if it’s not something you can easily afford to replace) because you never know when it could be lost or damaged. I am not sure why you think the jeweler would have mentioned it- you’d have to go through your insurance company and add it on to your renters/homeowners, etc policy.
I am sorry you lost your ring, but 7 months is a long time to wear an uninsured ring. Call it a lesson learned and save up for a new one, cash.
I agree do not to finance a ring. Could you ask that wedding gifts be in the form of a contribution to a new ring? Maybe between that and your own funds, you could get the ring of your dreams. You could set up a ‘go fund me’ for your wedding guests.
No, it’s not worth it. It’s a discretionary purchase, not a necessity like food or shelter. Buy only what you can afford in cash and save the debt financing for a house.
We financed my ring but we also got the O% interest . I am slightly confused why everyone is so against getting it financed ??? I mean cash is always best but sometimes people just want the credit history .. Anyway good luck and I hope you find a ring soon and sorry you lost the other one . Please please !! Get insurance ! I have jewelers mutual and they cover lose and damage . It is very reasonable price wise . Hugs
I’ve never really understood why anyone would finance a ring. I think you should get what you can afford at the time.
No, I would never finance a ring. There are a lot of Etsy sellers who do payment plans that I would consider if I really fell in love with a ring, because they do 0% interest. But there are tons and tons of GORGEOUS rings in the $500 and under range!
What kind of stone do you want? How about the setting? Here are some examples!
This one is $445 from Etsy.
This one is $398!
This one is in the $400 something range (price depends on your finger size).
This one is in the $500 something range, again depending on your finger size.
https://www.etsy.com/listing/271398432/14k-rose-gold-5mm-round-moissanite-ring?ref=related-2
There are also options in the $150-$200 range. You just have to look. 🙂 EBay has tons of good deals – Just check the feedback and reviews! 🙂
If you can’t afford it, don’t buy it. Never finance anything except essential items (like a mortgage, or maybe a boiler if it breaksdown and you have zero cash to pay for it up front).
Buy a nice copy, then save up to upgrade to the real thing. No one will know but you.
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