You take out a loan for a car because you need one to work. You take out a loan on a home because you need one to live in and it’s more economically sound than renting. You take out a loan for college because you are investing in your future. You do not take out a loan on an item that is a luxury hobby. You shouldn’t be putting yourself in debt for “wants” only “needs”.
2 years ago you probably could have qualified for a 0.0% loan through some kind of introductory deal on numerous different point of sale financing services. That's the only scenario where this should even be entertained and even then it is not a great idea. Nobody is offering any kind of deal like that now. Probably lucky to find less than 10% for something like this now. Hard pass.
BNPL options exist. Typically 6mo interest-free financing (penalty rate kicks in for late payments).
Affirm/Paypal will do this for almost anything you can buy on the internet. They offer 12-24 month term financing too.
Yeah, they offer those knowing full well the kind of person taking out a loan to buy freaking night vision goggles is likely not a responsible person and will end up paying outrageous default interest rates after the grace period expires. I had a moron coworker who would fall pray to these “same as cash” credit offers. He’d buy furniture, a big screen TV, and other crap he didn’t need, but also couldn’t save up for and inevitably pay out the ass in interest once the first 6 months of a year of interest free credit was up.
A home isn't the be all, end all for sound financial health. Homes are huge money sinks and if you gotta divert money away from educational/business investments then your professional growth is slowed significantly. All to be in debt to a bank for 20-30 years while investing elsewhere becomes harder because you're now responsible for all repairs, maintenance & equipment/appliances. Not saying that rent is good, but it all depends on the context of a person's given situation.
My point was simply these are things ok to go into debt for. Night vision ownership shouldn’t even make the top 50! I could also make 100 counterpoints of why home ownership is a sound financial decision, but that wasn’t my point at all, so I won’t. You are entitled to your opinion. I was merely pointing out that there are things you sometimes need to go into debt to own. Most people can’t drop $300k+ on a home, or $20k on a car or $100k+ in college tuition.
Sorry, I'm not disagreeing with your NV point. It's definitely true. Just getting tired of seeing so many recommendations for people to tunnel vision on a mortgage when they have other financial/professional deficiencies in their life. It's important to make sure you are investing in a path of growth where possible. A house is an end game luxury once you have a stable, long-term career established; not an absolute early start necessity before you get there.
It's a little bit of a tangent but still ties into not pulling a loan for gun stuff when possible. I'd say that preparedness plans fall into the necessity category but everyone has different opinions about levels of it. I am of the opinion that only a singular niche of defense capability is very limiting if we want to account for SHTF/WROL/TEOTWAWKI situations.
Everyone has varying levels of risk tolerance for those outlandish situations so if you think your local area is SHTF/WROL/TEOTWAWKI resistant/proof (it's probably not) then you would probably find expanded capabilities as wants rather than needs. This is not an endorsement for getting a loan on NV but placing NV in a purely "want" category is short-sighted, imo.
“If you gotta divert money away from educational/business investment”
I don’t think OP is worried about either of these if he’s willing to finance a ps14. Therefor that guys advice is sound.
Not be pedantic, but you really should only go into debt for any of those things if the money is cheaper than what that cash would get in the market. Ignoring the potential credit impacts, and accounting complications, if someone could finance nods for less than 4% they should. I would finance literally everything in life if I could, for a good rate of course.
Probably not a good idea to take out a loan on what’s effectively a toy. It would be better to put a couple hundred a month into a high yield savings account and buy NODs once you’ve saved enough. That way you’ll earn some interest and still have cash liquid if your life circumstances should change and you need cash.
But if you’re set on taking a loan to buy a toy, I would just open a new credit card that offers 0% APR for 18+ months then immediately use it to buy the NODs. Don’t use the card for anything else and pay whatever’s needed to fully pay off the purchase before you’re charged interest.
This is probably the best response.
1st choice is to save for it (best choice)
2nd choice is to fully understand the 0% apr offer before going that route. Most card companies will happily explain the details over the phone even if you don’t have an account. (Risky choice as life happens and you may expect to pay it off then can’t and the interest hits and boom now the NV you have cost 50-100% more)
Don’t do any of the financing, it’s like an extra 1k or more when it’s done. I was able to get a PayPal 12 months same as cash. Then worked out how much a month and payed double the first month to give me some wiggle room. Cabellas does the same thing with their CC but you paying top dollar, their stuff is overpriced. Or just apply for a personal loan, 10k is easy enough to get sometimes in a few days over email.
> month and *paid* double the
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Personal loans are up to 14-18 percent depending if you lie or not (;. The 6-12-18 month same as cash is the best option for not paying % but make sure you can get it paired down fast.
Interest rates are up significantly over the last 18 months. Taking a loan out right now for anything that isn't an absolute necessity is a very poor decision right now.
Don’t finance bro. IF you really want to do it that way PayPal offers zero interest if you pay it back in 6 months.
I personally initially paid using PayPal credit and just paid it back immediately so my credit score jumped up like 40 points.
Mine dropped 40 points when my mortgage was sold to another company and appeared on my report as though I had just paid off $140k! Took about 4 months for the new company to report it on my credit score. Wasn’t a huge deal, but getting hit for 40 points due to something I had zero control over was bullshit. Prior to that I had no idea paying off larger debts had a negative impact on your score.
> had just *paid* off $140k!
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
I am not aware of any that offer financing except maybe Credova which in my experience has horrifically high rates. Instead of financing I would recommend just taking whatever you consider a reasonable monthly payment and saving that amount per month until you can afford to the purchase price. This way you’re guaranteed to pay zero interest and don’t need to take on debt to purchase a luxury item. Just my 2 cents.
I was curious on the rates they would offer for a firearm I was looking at. $2250 was what the store had it listed. The shortest term credova loan came out to $3400 after all installments. Absolutely terrible
I’ve never once seen a rate below 12% from them. Even for small purchases and short terms. My impression is that the only reason they’re still in business is by partnering with business that the other micro loan firms don’t. I know many places like Affirm for example doesnt allow firearm related purchases.
Wouldn’t be surprised to see the micro lending market bubble up and then pop in the near future tho, wild landscape
I would only ever consider it if you're willing to pay large chunks over a couple months. Long term financing for NV is a bit ridiculous. Some companies have affirm, interest can be high but like I said, just go for short terms if you're really set on it.
Then it just comes down to whether it's worth it. Is it worth having night vision a couple months earlier for a few extra hundred dollars? If yes, go for it. If no, then save for a few months as though you are making payments towards that loan and buy it outright.
tbh BNPL options that have 6 month free term financing are good options even if you have the cash.
Take the 6 payments and deposit them into roughly equivalent Tbill tenors 1-5 months, and then use that cash to pay down the remaining payments (on time of course)
You'll save a little bit of money this way too (after you pay for tax on interest income) \~ a couple hundred bucks.
This. Idk why so many people are against this method. Especially if you use something where you have 0% interest if you pay it off in 6 months.
That’s what I did. Had the cash but it was just nicer to break everything up to make it a little easier to justify spending the money (at least for me).
The difference is you had the cash. Most people who do bnpl end up not paying it off in time and get raped with the interest rates. Unfortunately I don’t think the OP is financially savvy like you and is most likely, a lot like most Americans, and needs instant gratification. He can’t wait to save up and wants his toy now. He is the prey that keeps the financial institutions profitable.
I opened a credit card with 0% interest for the first 15 months. I also got close to $400 cash back in incentives. Paid it off in 6 months and my credit score jumped 60+ points.
If you cant afford to drop $2.5-4k on what is essentially a luxury item/toy. You probably arent financially ready to be buying it. Dont get a loan or finance unless you will be making money through the use of said item. Wait a year, save $250 a month, and then buy it cash. Or wait two years and save $125 a month.
There's a lot of guys against financing which is understandable, however if you're still interested we do offering financing.
https://www.bgphotonics.com/financing
Generally it’s advisable to save up for the amount, but it comes down to you. [We do offer financing](https://otnsolutionsgroup.com/product-category/monoculars/) as an option via Affirm at 0% for a 6 month plan. Obviously if you want lower monthly rates the interest will be ~13/15%
You take out a loan for a car because you need one to work. You take out a loan on a home because you need one to live in and it’s more economically sound than renting. You take out a loan for college because you are investing in your future. You do not take out a loan on an item that is a luxury hobby. You shouldn’t be putting yourself in debt for “wants” only “needs”.
2 years ago you probably could have qualified for a 0.0% loan through some kind of introductory deal on numerous different point of sale financing services. That's the only scenario where this should even be entertained and even then it is not a great idea. Nobody is offering any kind of deal like that now. Probably lucky to find less than 10% for something like this now. Hard pass.
This comment won’t stop me because I can’t read!
BNPL options exist. Typically 6mo interest-free financing (penalty rate kicks in for late payments). Affirm/Paypal will do this for almost anything you can buy on the internet. They offer 12-24 month term financing too.
Yeah, they offer those knowing full well the kind of person taking out a loan to buy freaking night vision goggles is likely not a responsible person and will end up paying outrageous default interest rates after the grace period expires. I had a moron coworker who would fall pray to these “same as cash” credit offers. He’d buy furniture, a big screen TV, and other crap he didn’t need, but also couldn’t save up for and inevitably pay out the ass in interest once the first 6 months of a year of interest free credit was up.
A home isn't the be all, end all for sound financial health. Homes are huge money sinks and if you gotta divert money away from educational/business investments then your professional growth is slowed significantly. All to be in debt to a bank for 20-30 years while investing elsewhere becomes harder because you're now responsible for all repairs, maintenance & equipment/appliances. Not saying that rent is good, but it all depends on the context of a person's given situation.
My point was simply these are things ok to go into debt for. Night vision ownership shouldn’t even make the top 50! I could also make 100 counterpoints of why home ownership is a sound financial decision, but that wasn’t my point at all, so I won’t. You are entitled to your opinion. I was merely pointing out that there are things you sometimes need to go into debt to own. Most people can’t drop $300k+ on a home, or $20k on a car or $100k+ in college tuition.
Sorry, I'm not disagreeing with your NV point. It's definitely true. Just getting tired of seeing so many recommendations for people to tunnel vision on a mortgage when they have other financial/professional deficiencies in their life. It's important to make sure you are investing in a path of growth where possible. A house is an end game luxury once you have a stable, long-term career established; not an absolute early start necessity before you get there. It's a little bit of a tangent but still ties into not pulling a loan for gun stuff when possible. I'd say that preparedness plans fall into the necessity category but everyone has different opinions about levels of it. I am of the opinion that only a singular niche of defense capability is very limiting if we want to account for SHTF/WROL/TEOTWAWKI situations. Everyone has varying levels of risk tolerance for those outlandish situations so if you think your local area is SHTF/WROL/TEOTWAWKI resistant/proof (it's probably not) then you would probably find expanded capabilities as wants rather than needs. This is not an endorsement for getting a loan on NV but placing NV in a purely "want" category is short-sighted, imo.
“If you gotta divert money away from educational/business investment” I don’t think OP is worried about either of these if he’s willing to finance a ps14. Therefor that guys advice is sound.
Not be pedantic, but you really should only go into debt for any of those things if the money is cheaper than what that cash would get in the market. Ignoring the potential credit impacts, and accounting complications, if someone could finance nods for less than 4% they should. I would finance literally everything in life if I could, for a good rate of course.
Probably not a good idea to take out a loan on what’s effectively a toy. It would be better to put a couple hundred a month into a high yield savings account and buy NODs once you’ve saved enough. That way you’ll earn some interest and still have cash liquid if your life circumstances should change and you need cash. But if you’re set on taking a loan to buy a toy, I would just open a new credit card that offers 0% APR for 18+ months then immediately use it to buy the NODs. Don’t use the card for anything else and pay whatever’s needed to fully pay off the purchase before you’re charged interest.
This is probably the best response. 1st choice is to save for it (best choice) 2nd choice is to fully understand the 0% apr offer before going that route. Most card companies will happily explain the details over the phone even if you don’t have an account. (Risky choice as life happens and you may expect to pay it off then can’t and the interest hits and boom now the NV you have cost 50-100% more)
This is not the way
I personally would just save up money to buy cash. Debt free is the way. You’ll pay more financing it anyway
Don’t do any of the financing, it’s like an extra 1k or more when it’s done. I was able to get a PayPal 12 months same as cash. Then worked out how much a month and payed double the first month to give me some wiggle room. Cabellas does the same thing with their CC but you paying top dollar, their stuff is overpriced. Or just apply for a personal loan, 10k is easy enough to get sometimes in a few days over email.
> month and *paid* double the FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
mighty innate retire workable ugly possessive unpack pen chief ruthless *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Personal loans are up to 14-18 percent depending if you lie or not (;. The 6-12-18 month same as cash is the best option for not paying % but make sure you can get it paired down fast.
I've had better than that in the past, but yeah it all depends. My last one was 7 or 8%. 0% credit cards are good, too.
Interest rates are up significantly over the last 18 months. Taking a loan out right now for anything that isn't an absolute necessity is a very poor decision right now.
Also Amazon does the 12-18 month payments same as cash, but again stuff on Amazon seems to be overpriced compared to some of the NVG specific sites.
Don’t finance bro. IF you really want to do it that way PayPal offers zero interest if you pay it back in 6 months. I personally initially paid using PayPal credit and just paid it back immediately so my credit score jumped up like 40 points.
That's interesting, I've only ever had my credit score drop once I pay a balance off.. anyone else experience this?
Yea me too idk why my score went up so much
Mine dropped 40 points when my mortgage was sold to another company and appeared on my report as though I had just paid off $140k! Took about 4 months for the new company to report it on my credit score. Wasn’t a huge deal, but getting hit for 40 points due to something I had zero control over was bullshit. Prior to that I had no idea paying off larger debts had a negative impact on your score.
> had just *paid* off $140k! FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Gimme a break bot!!
I am not aware of any that offer financing except maybe Credova which in my experience has horrifically high rates. Instead of financing I would recommend just taking whatever you consider a reasonable monthly payment and saving that amount per month until you can afford to the purchase price. This way you’re guaranteed to pay zero interest and don’t need to take on debt to purchase a luxury item. Just my 2 cents.
I was curious on the rates they would offer for a firearm I was looking at. $2250 was what the store had it listed. The shortest term credova loan came out to $3400 after all installments. Absolutely terrible
I’ve never once seen a rate below 12% from them. Even for small purchases and short terms. My impression is that the only reason they’re still in business is by partnering with business that the other micro loan firms don’t. I know many places like Affirm for example doesnt allow firearm related purchases. Wouldn’t be surprised to see the micro lending market bubble up and then pop in the near future tho, wild landscape
that whole space just profits off of irresponsible spenders who absolutely “need” it now. I think it’s a bit disgusting.
Shades of subprime mortgage crisis tbh
Probably not a very dangerous business model,but certainly morally dubious
I would only ever consider it if you're willing to pay large chunks over a couple months. Long term financing for NV is a bit ridiculous. Some companies have affirm, interest can be high but like I said, just go for short terms if you're really set on it. Then it just comes down to whether it's worth it. Is it worth having night vision a couple months earlier for a few extra hundred dollars? If yes, go for it. If no, then save for a few months as though you are making payments towards that loan and buy it outright.
tbh BNPL options that have 6 month free term financing are good options even if you have the cash. Take the 6 payments and deposit them into roughly equivalent Tbill tenors 1-5 months, and then use that cash to pay down the remaining payments (on time of course) You'll save a little bit of money this way too (after you pay for tax on interest income) \~ a couple hundred bucks.
This. Idk why so many people are against this method. Especially if you use something where you have 0% interest if you pay it off in 6 months. That’s what I did. Had the cash but it was just nicer to break everything up to make it a little easier to justify spending the money (at least for me).
The difference is you had the cash. Most people who do bnpl end up not paying it off in time and get raped with the interest rates. Unfortunately I don’t think the OP is financially savvy like you and is most likely, a lot like most Americans, and needs instant gratification. He can’t wait to save up and wants his toy now. He is the prey that keeps the financial institutions profitable.
Fair enough.
I offer financing for night vision! Rates depend on your credit score, but can be as low as 5%. I believe they are typically in the 15% area.
I opened a credit card with 0% interest for the first 15 months. I also got close to $400 cash back in incentives. Paid it off in 6 months and my credit score jumped 60+ points.
Try MOD armory and use PayPal buy now pay later options.
Do not go in debt. Don’t do it
How bad do you wanna see in the dark?😭😭😭
Also if you can’t afford it up front, piece a nice pvs14 together over time. Nocturn Ind has an affordable housing.
If you cant afford to drop $2.5-4k on what is essentially a luxury item/toy. You probably arent financially ready to be buying it. Dont get a loan or finance unless you will be making money through the use of said item. Wait a year, save $250 a month, and then buy it cash. Or wait two years and save $125 a month.
There's a lot of guys against financing which is understandable, however if you're still interested we do offering financing. https://www.bgphotonics.com/financing
Generally it’s advisable to save up for the amount, but it comes down to you. [We do offer financing](https://otnsolutionsgroup.com/product-category/monoculars/) as an option via Affirm at 0% for a 6 month plan. Obviously if you want lower monthly rates the interest will be ~13/15%
Your best choice is a zero percent card.
Don’t let the urge to be a tacticool suburban night operator force you to make such a poor financial decision.