Buds Gun Shop

Interesting notion.
No experience on my part but, don't forget to factor the financing costs into your interpretation of the cost of the gun.

Kind of like the auction scenario when there's a buyer's premium.
It didn't cost you the closing price, it was the closing price plus premium if it exists.

Ignoring tax, for me, is a whole separate matter and I don't generally include that in my mental picture of *price paid*.

Todd.

Kings also has financing handled by their store. Ive been to the Buds store in gatlinburg. Nice place. I purchased from both and would recommend either as far as purchasing goes But no I've never financed a gun.

ApacheCoTodd said:

Ignoring tax, for me, is a whole separate matter and I don't generally include that in my mental picture of *price paid*.

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Im notorious for leaving off tax and transfer when I state prices I've paid. Not huge with guns but definately so when im talking about tractors or vehicles. Lol

crestoncowboy said:

Kings also has financing handled by their store. Ive been to the Buds store in gatlinburg. Nice place. I purchased from both and would recommend either as far as purchasing goes But no I've never financed a gun.



Im notorious for leaving off tax and transfer when I state prices I've paid. Not huge with guns but definately so when im talking about tractors or vehicles. Lol

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Yup. Paying *The Man* is, for me, a cost-of-doing-business and not part of the cost of the thing.

Damn the man.... Save the Empire!


Todd.

Antihero said:

Looking more into it and it looks like it's a terrible deal. Oh well, Ill just pay cash instead

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Too, walking in holding cash is always a good haggling lubricant.

Todd.

ApacheCoTodd said:

Too, walking in holding cash is always a good haggling lubricant.

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I found that value of anything is what someone is willing to pay for it.

With stiff competition of gun/related items right now, you may be able to have vendor match or beat other prices. Never hurts to ask.

Financing small purchases (a small purchase being anything less than a house or car) is generally a stupid business decision.

I've never borrowed money to buy a gun (which is what financing a purchase is). This sort of discretionary spending should be budgeted for. Save up your money and buy when you have enough saved. Otherwise, sooner or later, you'll be on the road to financial ruin.

Cabela's used to make sense on the 26th before they put the gun restriction on the 10% Discount.

$599.99 Kimber 1911 Lightweight
-$60 (Club Discount)
$539.99

+ 0% Interest for 6 Months (Cabela's Card)

+ $22 Worth of Points (5%) to spend on something else.(Cabela's Black Card).

AlexanderA said:

I've never borrowed money to buy a gun (which is what financing a purchase is). This sort of discretionary spending should be budgeted for. Save up your money and buy when you have enough saved. Otherwise, sooner or later, you'll be on the road to financial ruin.

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I take 0% all the time and use the money to pay to principal on anything with interest. At this point that's only my 2.75% Mortgage. In reality it doesn't really swing the needle on interest saved but motivates me to actually pay down the mortgage (6 years in and owe 6 years on a 15 year mortgage).

It may lead to my ruin but so far it's been a successful mind game played on myself.

I have not purchased a firearm on store credit. I do know that most of these credit purchases are financed through third party lenders at high interest rates of 18% to 22%. Not a great deal unless it is something you really need.

One of the places I order bullets from offers financing, can't remember which one.
Never finance anything other than a home that you can pay for in 15 years or less.

Hi...
I have never bought anything on time other than cars and houses.
I would never pay finance charges on a firearm. I always pay cash for all of my hobby related purchases. No credit card purchases...cash or debit card.

Antihero said:

Was kinda looking around at a 1911 and saw they have financing, anyone use it?

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I financed a gun with them. Worked out fine. I paid if off before they charged me any fees.

I’ve done layaway more times than I care to admit with Bud’s.

Only thing I've done remotely close to "financing" a gun is using the Sportsman Guide 4 Pay deal.

If you have a Credit Card you can spread out the cost over 4 equal payments over 4 months. They charge your card the first installment and go ahead and send you the gun then you have 3 remaining payments over the next 3 months.

So it can help your credit by using a CC and just paying it off every month. Plus it stings a little less if you're buying a more expensive gun.

Antihero said:

I was looking at it as a credit building thing while using money I already have. Years of paying cash doesn't always help your credit

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Using a credit card is not the same as borrowing money as long as you pay it off in full every month. You can do that and still build up your credit score.

I bought a revolver locally on credit. Wasn’t a bad deal, but sticker price was sale price and you didn’t take delivery until 3/4 paid off (til that shop got its money back is how I read between those lines) I think it was 5% sales price per month. The gun was 400 so I think it ended up costing me 440 but it was one I just couldn’t say no to. Then I traded it off.... yep dumb.

Only use credit on things that report out on your credit score, and only do it if the reports will be positive. House, automobile, in some cases furniture makes sense.

AlexanderA said:

Using a credit card is not the same as borrowing money as long as you pay it off in full every month. You can do that and still build up your credit score.

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To what end? A good credit score only says you are good at borrowing money when it comes to returning it back to whom you borrowed it from.

I do understand that lots of businesses do use the leverage all the time. Net 90 or even 120 days from invoice is common with many large companies. If the amounts are large enough they keep the interest gained from the time delay paying the debt they owed. Ah, the cost of doing business..

It’s a false gain because all of us that deal with them already build that into the initial price. If you walked in from the street and paid cash, you would get the same thing for less.

Thats why credit card businesses wanted to make “fees” illegal (you do know they charge the retailer too, not just the consumer that pays the interest, right?). That’s why many give “cash discounts” as a way to “game” the laws the more powerful lobbyists have had put in place.

The only folks that have put a better scheme in place have email addresses ending with .gov. Cost you when you make it, when you spend it, if you save it and when you die, win, win, win, win...just not for you.

AlexanderA said:

Using a credit card is not the same as borrowing money as long as you pay it off in full every month. You can do that and still build up your credit score.

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I don't know I agree with that. A short term interest free loan even when you have cash to pay it is still a loan.

^ that is the way I see it. If the bottom falls out of your world and you paid cash, that’s it. The other way the debt just keep growing.

That said, I guess I don’t own my home or any land (all bought and paid for) either because if I don’t pay the .gov every year, increasing amounts of money, they will take them from me.

Maybe it doesn’t matter...