Was Your Ring Financed?

posted 6 years ago in Rings
  • poll: Was Your Ring Financed?
    Yes : (104 votes)
    23 %
    No : (354 votes)
    77 %
  • Post # 62
    Member
    5399 posts
    Bee Keeper

    If you buy something with a card for points/cashback and pay it off before any interest accrues, I don’t think that is really “financing.” It’s just getting a perk from your card company. 

    No financing on jewelry for us. 

    Post # 63
    Member
    965 posts
    Busy bee
    • Wedding: October 2013

    My ring was $2,800 and my Fiance paid cash. the jeweler he chose had a layaway plan so he made payments with no debt rather than draining his savings.  I can’t say what somebody should or shouldn’t do because everyone’s finances are different, but I definitley wouldnt go into debt for a ring.  I am an older bride so I am already a home owner and we both have everything we need and then some,but if I werent in that situation, I would probably be more worried about a down payment on a house…

    Post # 64
    Member
    744 posts
    Busy bee
    • Wedding: April 2013

    75% Paid in cash. 25% financed (interest free) for credit building purposes.

    Post # 65
    Member
    1093 posts
    Bumble bee
    • Wedding: August 2013

    Fiance saved up and paid cash. He didn’t like the idea if giving me something he didn’t technically own and I agree.  

    Post # 66
    Member
    11746 posts
    Sugar Beekeeper
    • Wedding: November 1999

    @vorpalette:  +1 paying off a credit card isn’t the same as closing it.

    Post # 67
    Member
    3229 posts
    Sugar bee
    • Wedding: August 2011

    My engagement ring was paid in cash after we cancelled a layaway with another vendor.  We are big on layaway if there are no charges for using the service.  My wedding band (which was shipped today!) was also placed on layaway with the vendor we got my engagement ring from.  They did not charge us any fees for using this service.

    Post # 68
    Member
    738 posts
    Busy bee
    • Wedding: October 2013

    Yes, with interest free financing for 12 months. It was paid off just a few months ago! 

    Post # 69
    Member
    4802 posts
    Honey bee
    • Wedding: August 2012

    Mine was financed, but it was at 0% interest if you paid it off within a year.  Fiance paid it off within a few months.  So it was financed but at no cost.

    Post # 70
    Member
    1220 posts
    Bumble bee
    • Wedding: September 2015

    Impatient me suggested that he finance the ring..but practical SO refused and is currently paying cash for it! No clue how much it costs, but I feel slightly guilty just thinking about it 🙂

    Post # 71
    Member
    89 posts
    Worker bee

    No, he paid in cash. 

    Post # 72
    Member
    555 posts
    Busy bee
    • Wedding: August 2014

    No. We both contributed and paid in full. Ring is ready to be picked up! Smile

    Post # 73
    Member
    6309 posts
    Bee Keeper
    • Wedding: February 1997

    When we were first married, I am pretty sure Darling Husband did put my ring on a credit card; he certainly didn’t have any cash at the time! For my upgrade, we put it on an existing credit card with rewards/cash back and paid it before the bill was due. In other words, the “financing” earned US money – we used the card to get the rewards and paid before any interest was due.

    Post # 74
    Member
    317 posts
    Helper bee
    • Wedding: December 2018

    I bought it online so I paid with my cc. Paid off at the end of the month and FH paid me back in payments. 

    Post # 75
    Member
    2268 posts
    Buzzing bee

    @Corgi-cariad:  “Cash. We both have the same opinion on ‘if you can’t afford it then don’t buy it

    +1.

    My engagement ring was paid for in cash. As will our wedding bands, the wedding itself and our honeymoon.

    We’re not into financing anything. SO has a credit card, as do I, mainly for points and to build credit rating for when we buy a house. I had a loan which is now down to $9,000 and will be paid off within the year – never, ever doing that again, it’s just not worth it.

    Post # 76
    Member
    207 posts
    Helper bee
    • Wedding: June 2014

    Paid cash 

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