Page 2 of 19 FirstFirst 123412 ... LastLast
Results 11 to 20 of 181

Thread: Daniel Defense Financing Your Next AR

  1. #11
    Join Date
    Nov 2012
    Location
    AL
    Posts
    562
    Feedback Score
    11 (100%)
    Quote Originally Posted by midSCarolina View Post
    Really... if you can't afford your rifle don't buy it. Save up. I am a 26 year old student so I don't have much money but I would never finance a rifle. Its a poor financial decision. You finance a house.... finance a car if you absolutely have to. Don't finance a rifle. Shit, buy it part by part if you need to. Don't be so impatient.
    Agreed. Unfortunately for DD the majority of applicants on a loan like this are going to be minimum monthly payment type buyers. Absolutely no reason to take a loan at that percentage for a financially stable buyer so the clientele this will bring in will not be ideal in terms of repayment or collections. Not a good sign for the company.

  2. #12
    Join Date
    Jul 2006
    Posts
    4,177
    Feedback Score
    3 (100%)
    Mile High Shooting just did this, but their deal is 1 year interest free on an AI rifle. THAT is probably worth it.

  3. #13
    Join Date
    Jun 2010
    Posts
    25
    Feedback Score
    12 (100%)
    Is there a an APR over/under that you guys think IS acceptable for financing an AR or are we all just a bunch of Dave Ramsey's around here?

  4. #14
    Join Date
    Jul 2006
    Posts
    4,177
    Feedback Score
    3 (100%)
    if you want a better deal and just need to spread out the cost of a rifle some, go get a signature loan from your bank and pay it off quickly. Better rate. Unlike Dave Ramsey, I think you're better off having a little note on a rifle than no rifle at all if those are your choices. **** some Dave Ramsey - he has a few things that are good advice but a lot of it is stupid.

    I'll probably never be able to afford an AI without some creative financing. But make no mistake, I will own an AI.

    Quote Originally Posted by Sleepy View Post
    Is there a an APR over/under that you guys think IS acceptable for financing an AR or are we all just a bunch of Dave Ramsey's around here?

  5. #15
    Join Date
    Jul 2009
    Posts
    2,177
    Feedback Score
    13 (100%)
    Quote Originally Posted by Talon167 View Post
    Still lower interest rate than most credit cards.
    You must have really bad credit if your interest rate is that high. The highest card I have is 8.99%, with the lowest being 4.99%. And they mail me "no interest for 12 mo" checks all the time, with limits in excess of $5,000.

    10-18% is a horrible APR. Horrible.

  6. #16
    Join Date
    Oct 2009
    Posts
    1,438
    Feedback Score
    12 (100%)
    Farcical...

    The credit offering has no hook, it's all line and sinker. There's no 90 days same as cash, 10% off MSRP, nothing. It's just a straight up credit offering. The fact that you have to create an account on their website to view financing options is a clue to something. It would appear that DD is just trolling for e-mail addresses...

  7. #17
    Join Date
    Jun 2010
    Posts
    25
    Feedback Score
    12 (100%)
    Quote Originally Posted by QuietShootr View Post
    Unlike Dave Ramsey, I think you're better off having a little note on a rifle than no rifle at all if those are your choices.
    I agree.

    I just think it's a fairly unique idea - financing a rifle - and I'd like to see it succeed to the point where other good guys (BCM, Noveskey, etc) follow suit and maybe we get some market competition up in here, and it drives APR's down to a not-awful level.

  8. #18
    Join Date
    Mar 2014
    Location
    Washington
    Posts
    140
    Feedback Score
    0
    Still a better thing to finance than some of the dumb sh** I've seen Soldiers finance from rent-a-center. Tires, Rims, Stereo systems... I swear one guy had a monthly allotment for a lamp. A LAMP.

  9. #19
    Join Date
    Mar 2008
    Posts
    413
    Feedback Score
    0
    Quote Originally Posted by Sleepy View Post
    Is there a an APR over/under that you guys think IS acceptable for financing an AR or are we all just a bunch of Dave Ramsey's around here?
    Low interest credit card. No reason to pay 18% interest on anything right now. Obviously prefer to pay cash..but if someone wanted to finance it for some reason just do a normal CC. As said above, that should be under 10% and often low single digits for a year.

  10. #20
    Join Date
    Dec 2013
    Posts
    56
    Feedback Score
    0
    Finance a gun at 18%?????? I'm a straight cash kinda guy. I'll save up for it or put it on my my 9% card (then wife will shoot me with new gun). So I stick to cash.

    Dave Ramsey can suck it....
    Last edited by jataylor11; 07-24-14 at 10:31.

Page 2 of 19 FirstFirst 123412 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •