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Thread: Daniel Defense Financing Your Next AR

  1. #41
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    I don't think it's a bad idea if it's your only means and are somewhat responsible. A rifle has far more intrinsic value than the other crap people finance. Wish they would offer it on pistols though so the civilian would prioritize. That all being said...im an Amex only kind of guy.


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  2. #42
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    If you don't have a rifle, and can't afford to buy one in cash, this is still not a good way to go.

    If you must finance a rifle, get a reasonably priced Colt, which can be half the price of a DD, especially since this seems to be a full MSRP deal. Put the Colt on a credit card and pay it off ASAP. You'll have a great rifle and you'll be in much less debt.

    Come to think of it, given that this appears to be a full MSRP price for these rifles, it's an even more screwed "deal".
    Last edited by TexanInCali; 07-24-14 at 16:25.

  3. #43
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    Quote Originally Posted by BTL BRN View Post
    Hmmm, so what's next buying with EBT?
    In CA they are trying to get it to where the "poor" get their weed paid for, I think they should at the least have to pay for our ammo.
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  4. #44
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    I went to the website and it requires a membership to see the terms of the financing, so I didn't go any further.

    If you don't have an AR and can't scratch enough money together at one time to get one, this would seem to be a good alternative from the buyer's standpoint.

    However from the company standpoint, it seems like a horrible idea to me.

    Are they going to have to start their own finance department to keep track of payments and buyers?

    Are they going to outsource it?

    How do they handle deadbeats? It's hard enough to repo cars where the buyer has stopped making payments or fallen behind, do you really want to try to reposes someone's AR?

    I can see a bad reality show coming out of this "Assault Rifle Repo Men."

  5. #45
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    As said, terrible idea for both parties. The type of people who need to finance should not be financing a rifle and DD is not going to have a very low number of uncollectibles from this deal because the type of people who finance these things are generally deadbeats to begin with.

    But who the hell said 8.99% for a CC? What kind of shenanigans is that? Probably a bunch of lies per the norm for anything financial online.

  6. #46
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    Update
    Its financed through commonwealth ordnance finance company.
    My coworker just bought the v7 LW through the financing option. Credit score close to 700 got approved for $7500 at 17% term of 24 months.
    "The most important rule in a gunfight is: Always win and cheat if necessary." ~ Clint Smith

  7. #47
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    "...this would seem to be a good alternative from the buyer's standpoint."

    Paying full list price with interest on top is a good alternative? No. It's a terrible alternative.

    Retailers typically outsource financing to banks or other financial entities. DD may get a fee from the bank for each rube they sign up.

  8. #48
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    Youre buddy's got a 700 and they gave him 17%? God forbid he ever send a payment late. They'll jack it to 27% in a minute.

  9. #49
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    If he only pays the min payments which is about 90 dollars a month its around 360 dollars in interest not too bad if you want the rifle now and can only save 100 dollars a month.
    Last edited by zombiescometh; 07-24-14 at 18:37.
    "The most important rule in a gunfight is: Always win and cheat if necessary." ~ Clint Smith

  10. #50
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    If you really need an AR and need to finance it, you be better of spending less than 1k on one. Cheap colt etc.


    Maybe cheap repo guns on the market though!

    I am sure DD is just passing the credit on to a financial issuer. Not a good sign for the AR market place though. Good ole America....full of credit!

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