Original > Hot Tub Forum
Any chance they come out with financing deals?
Sludge Factory:
--- Quote from: BullFrogSpasMN on March 21, 2020, 11:30:36 am ---We might see some incentives but probably not until the chaos calms down, right now most companies are hoping they can make payroll and that this pandemic doesn't shut down the entire economy. If you dealer is only up charging 2% for a 36 or 60 Month plan i'd jump on it, I have no idea where he could be possibly be sourcing rates that low as I've never seen it but it's good for you if true
--- End quote ---
Let me rephrase as I wasn't totally clear when rereading my original post. My dealer at the time I was there only had 15 months 0%. Now, I have no idea as I have not talked to him yet, if he participates in this 36 or 60 month deal and what he would charge difference. I did ask him vaguely about if they ever have special longer term financing and if he charged more than the 2% for those. He said every so often they do and its usually 2% or so. That's not verbatim but close. Now he may not ever participate in those long 0% financing programs, I won't know until talking to him. So with all that said I have no idea what his upcharge would be for 36 or 60 month zero financing. I wouldn't think he could do it for only 2% either as you stated. Sorry for the confusion.
Hottubguy:
--- Quote from: Sludge Factory on March 21, 2020, 12:50:10 pm ---
--- Quote from: BullFrogSpasMN on March 21, 2020, 11:30:36 am ---We might see some incentives but probably not until the chaos calms down, right now most companies are hoping they can make payroll and that this pandemic doesn't shut down the entire economy. If you dealer is only up charging 2% for a 36 or 60 Month plan i'd jump on it, I have no idea where he could be possibly be sourcing rates that low as I've never seen it but it's good for you if true
--- End quote ---
Let me rephrase as I wasn't totally clear when rereading my original post. My dealer at the time I was there only had 15 months 0%. Now, I have no idea as I have not talked to him yet, if he participates in this 36 or 60 month deal and what he would charge difference. I did ask him vaguely about if they ever have special longer term financing and if he charged more than the 2% for those. He said every so often they do and its usually 2% or so. That's not verbatim but close. Now he may not ever participate in those long 0% financing programs, I won't know until talking to him. So with all that said I have no idea what his upcharge would be for 36 or 60 month zero financing. I wouldn't think he could do it for only 2% either as you stated. Sorry for the confusion.
--- End quote ---
The Marquis plan as it is currently is about 3% more then the standard 15 month plan just so you have a idea
Sludge Factory:
--- Quote from: Hottubguy on March 21, 2020, 01:48:35 pm ---
--- Quote from: Sludge Factory on March 21, 2020, 12:50:10 pm ---
--- Quote from: BullFrogSpasMN on March 21, 2020, 11:30:36 am ---We might see some incentives but probably not until the chaos calms down, right now most companies are hoping they can make payroll and that this pandemic doesn't shut down the entire economy. If you dealer is only up charging 2% for a 36 or 60 Month plan i'd jump on it, I have no idea where he could be possibly be sourcing rates that low as I've never seen it but it's good for you if true
--- End quote ---
Let me rephrase as I wasn't totally clear when rereading my original post. My dealer at the time I was there only had 15 months 0%. Now, I have no idea as I have not talked to him yet, if he participates in this 36 or 60 month deal and what he would charge difference. I did ask him vaguely about if they ever have special longer term financing and if he charged more than the 2% for those. He said every so often they do and its usually 2% or so. That's not verbatim but close. Now he may not ever participate in those long 0% financing programs, I won't know until talking to him. So with all that said I have no idea what his upcharge would be for 36 or 60 month zero financing. I wouldn't think he could do it for only 2% either as you stated. Sorry for the confusion.
--- End quote ---
The Marquis plan as it is currently is about 3% more then the standard 15 month plan just so you have a idea
--- End quote ---
So are you saying about a 5% markup possibly? If they aren't marking it up.
Hottubguy:
--- Quote from: Sludge Factory on March 21, 2020, 02:11:28 pm ---
--- Quote from: Hottubguy on March 21, 2020, 01:48:35 pm ---
--- Quote from: Sludge Factory on March 21, 2020, 12:50:10 pm ---
--- Quote from: BullFrogSpasMN on March 21, 2020, 11:30:36 am ---We might see some incentives but probably not until the chaos calms down, right now most companies are hoping they can make payroll and that this pandemic doesn't shut down the entire economy. If you dealer is only up charging 2% for a 36 or 60 Month plan i'd jump on it, I have no idea where he could be possibly be sourcing rates that low as I've never seen it but it's good for you if true
--- End quote ---
Let me rephrase as I wasn't totally clear when rereading my original post. My dealer at the time I was there only had 15 months 0%. Now, I have no idea as I have not talked to him yet, if he participates in this 36 or 60 month deal and what he would charge difference. I did ask him vaguely about if they ever have special longer term financing and if he charged more than the 2% for those. He said every so often they do and its usually 2% or so. That's not verbatim but close. Now he may not ever participate in those long 0% financing programs, I won't know until talking to him. So with all that said I have no idea what his upcharge would be for 36 or 60 month zero financing. I wouldn't think he could do it for only 2% either as you stated. Sorry for the confusion.
--- End quote ---
The Marquis plan as it is currently is about 3% more then the standard 15 month plan just so you have a idea
--- End quote ---
So are you saying about a 5% markup possibly? If they aren't marking it up.
--- End quote ---
Correct. Most people have it built into the price already. Sounds like your dealer has cash and finance prices
swilly1000:
This is slicing and dicing in the hypothetical each with our own crystal ball.
It's a little like buying a computer, or a big screen TV.
If you buy before you really need it, you're paying today's prices for a processor or a screen that will be cheaper or bigger tomorrow.
If you wait until after you need it, you're missing out on productivity needed today or you will miss that event that would have looked so much better on your new TV.
If you're buying even a $15K hot tub and the price variability is as much as 3% due to financing you're talking about $450. Do you really want to get all stalled up breaking down and analyzing a $450 max decision when you're back still hurts and needs that hydrotherapy, or while you continue to let beautiful starry nights slip by that could be enjoyed in the tub?
Maybe, maybe not.
It speaks to when you need it. If you need it today, you're missing out. If you need it tomorrow, you can bide your time thinking about it.
Either way, keep in perspective that this decision is about $450-500 max on an item that should last you as much as 20 years. I guarantee you one thing; you won't be remembering that $450-500 difference in year 10, or even year 3, of that spa purchase.
So let when you need (want) it take a front seat vs small pricing differences in an uncertain world.
Just sayin'.
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