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Payment options when buying a firearm

Posted on 8/30/11 at 11:17 pm
Posted by puffulufogous
New Orleans
Member since Feb 2008
6376 posts
Posted on 8/30/11 at 11:17 pm
This fits the money board better, but it is probably beneath those snobs. Plus it regards a firearm so it belongs on the OB.

With the tax free weekend fast approaching I have been thinking about firearms I would be willing to buy if a good opportunity were to arise. FYI I am considering an 870 tactical or classic as well as a ruger sr40c. In the process of buying said firearm I would also like to build a little credit. As a recent college grad who only has one credit card with no balance and no student loans it wouldn't hurt to deepen my credit history.

If I were to choose an alternate method to paying up front, would it be better off to buy my firearm with my credit card or with in store financing? My credit card has a typical first card high interest rate. I have plenty of money if I wanted to buy up front and I am not going to buy a gun just to build credit. If I were to put it on my CC, would it do me any good credit wise to pay it off the same month? Should I finance it with 0% for as short a period as possible or as long a period as possible? What is the best was to build credit in the process? It goes without saying that any payments I agree to make I will pay on time. Thanks
Posted by faxis
La.
Member since Oct 2007
7773 posts
Posted on 8/30/11 at 11:51 pm to
Buy with major credit card. Pay off most of the balance but maintain a balance. Then pay small payments on it for a year or so.
Posted by BlockNtackle
Mississippi
Member since Aug 2011
248 posts
Posted on 8/30/11 at 11:59 pm to
my .02, If your credit card has rewards then use it if the shop doesn't charge extra for using a credit card. As far as building your credit I don't think it will do much, if anything, to improve your credik - but I'm not 100% on that. The money board gets less sofisticated (fuk u spell chek) questions than this all the time; I'd post it over there. Just somehow work into the post that you are considering investing in the Iraq Dinar. They love that shite.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
25078 posts
Posted on 8/31/11 at 10:03 am to
You obviously aren't married.

When I buy a new gun it is always with cash. When I bring it home and my wife ask if its new, the reply is always the same. "This? No, I've had this for a couple of years now."

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