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re: Every brick and mortar should institute the ability to pay in 4
Posted on 4/2/25 at 7:18 pm to Frac the world
Posted on 4/2/25 at 7:18 pm to Frac the world
You definitely picked the wrong industry. For most auto mechanics, you need to make an appointment because they’re so busy. They don’t want to have to worry about being paid three or four months from now. And they definitely don’t want to be in the position of having to send a bunch of former customers to collections. They don’t need that type of work.
0
Posted on 4/2/25 at 7:19 pm to Frac the world
Affrim, Zell, some others do that and I actually was in the first 100 to get one of those cards.I was trying to grasp if anyone would use it and it didn’t make sense to me as why someone would use it over managing cash?
I sold my affrm stock.
Credit cards are stupid for most people.
Now you are telling me you would use it paying known fees over credit cards roll over fees as in the instance you laid out? Agreed it would be better than credit card roll over debit but, not as well as working outa cash deal?
Interesting…
I sold my affrm stock.
Credit cards are stupid for most people.
Now you are telling me you would use it paying known fees over credit cards roll over fees as in the instance you laid out? Agreed it would be better than credit card roll over debit but, not as well as working outa cash deal?
Interesting…
This post was edited on 4/2/25 at 7:21 pm
Posted on 4/2/25 at 7:20 pm to Frac the world
Until you see how many deadbeats exist. Pay that minimum up front and skip out. They business has to hire a lawyer to go sue them. They then have to garnish wages IF they work.
This post was edited on 4/2/25 at 7:22 pm
Posted on 4/2/25 at 7:26 pm to Frac the world
quote:Here’s the problem with this. No business is self-financing this stuff. They’re going through Citi, Synchrony, or one of a number of other finance companies to offer in-store financing. Credit applications are involved and people being declined is common since its an unsecured line of credit. The type of person who would need financing on a $2000 auto repair bill likely doesn’t have good enough credit to get approved anyway.
I’m not poor but I’m not rich either, if that auto place allowed pay in 4 I would only throw down $375 up front no interest with the rest due over 3 payments.
And the companies who provide the financing aren’t doing it for free. It’s interest free for the consumer, but the finance company is charging a percentage to the retailer…and its a lot more than the merchant fees for taking credit cards. Finance company fees depend on how long of an interest free term you want to offer. Back when I worked retail, Citi charged us almost 10% on 24 month interest free plans. This was 15-20 years ago, so I’m sure the merchant fees have adjusted with interest rates. So for a business to offer interest free financing, they have to build that expense into their prices and margins.
Posted on 4/2/25 at 7:36 pm to Frac the world
Holy frick I underestimated the amount of illiterate redneck fricks on this board.
Pay in 4 is a service that PayPal, Affirm, many others allow that lets you pay in 4 installments, spread every two weeks, interest free, until it’s paid off.
I already said this is for mandatory unavoidable shite, either I could put it on a CC, or I could transfer from savings, or I could pay out of checking account. I want to pay for shite out of checking. That’s how every responsible person should live on day to day shite.
My savings is untouchable, I never touch it, sorry New Iberia boys, transferring from savings to pay for a TV is bad practice.
If I can’t afford it out of checking, I don’t buy it. The pay in 4 model that places like PayPal are offering now allows you to not take a massive one hit out of checking, you can spread it out no interest and lessen the blow. The full price of what you’re paying for is covered by PayPal, Jodi and Mamaw still get the upfront costs from PayPal. YOU just have to pay PayPal back in 4 installments
That’s all my post was about, God forbid I ain’t rich enough to drop 4k out of checking and would prefer to spread the hurt out. And this is only about mandatory expenses, not fricking new tires or bull nuts on my 250.
Damn yall are a stupid fricking bunch.
Inb4 more poor posts
Pay in 4 is a service that PayPal, Affirm, many others allow that lets you pay in 4 installments, spread every two weeks, interest free, until it’s paid off.
I already said this is for mandatory unavoidable shite, either I could put it on a CC, or I could transfer from savings, or I could pay out of checking account. I want to pay for shite out of checking. That’s how every responsible person should live on day to day shite.
My savings is untouchable, I never touch it, sorry New Iberia boys, transferring from savings to pay for a TV is bad practice.
If I can’t afford it out of checking, I don’t buy it. The pay in 4 model that places like PayPal are offering now allows you to not take a massive one hit out of checking, you can spread it out no interest and lessen the blow. The full price of what you’re paying for is covered by PayPal, Jodi and Mamaw still get the upfront costs from PayPal. YOU just have to pay PayPal back in 4 installments
That’s all my post was about, God forbid I ain’t rich enough to drop 4k out of checking and would prefer to spread the hurt out. And this is only about mandatory expenses, not fricking new tires or bull nuts on my 250.
Damn yall are a stupid fricking bunch.
Inb4 more poor posts
Posted on 4/2/25 at 7:38 pm to Frac the world
So you want every brick and mortar store, including smaller businesses, to assume the financial risk of loans to customers without the benefit of interest payments?
Posted on 4/2/25 at 7:40 pm to Frac the world
What the frick are you saying? Your CC is your pay in 4 you can pay it in 4 weekly payments each. month
This post was edited on 4/2/25 at 11:03 pm
Posted on 4/2/25 at 7:44 pm to Frac the world
Ignoring the fact that they would have to chase down half the people for their money
Do you really not understand basic cash flow?
Do you really not understand basic cash flow?
Posted on 4/2/25 at 7:59 pm to Frac the world
quote:
Holy frick I underestimated the amount of illiterate redneck fricks on this board.
quote:
Pay in 4 is a service that PayPal, Affirm, many others allow that lets you pay in 4 installments, spread every two weeks, interest free, until it’s paid off.
Are you aware that a companies like AfterPay charge merchants around 4-7% for offering this payment method?
Would you like to pay 5% more for everything so that some people can pay in 4 installments?
Posted on 4/2/25 at 8:11 pm to crickey
PayPal charges the merchant 5% if a customer wants to use their pay over time option. Typical credit card cost is 2-3.5%
Posted on 4/2/25 at 8:16 pm to Frac the world
I believe most serious shops already allow you to finance major repairs.
Posted on 4/2/25 at 8:18 pm to Frac the world
quote:
Every brick and mortar should institute the ability to pay in 4
You rent your tires don't you?
Posted on 4/2/25 at 8:19 pm to Frac the world
quote:
r, if that auto place allowed pay in 4 I would only throw down $375 up front no interest
Why would they do this? frick that. I’d slap 20% interest on you if you’re too poor to pay upfront.
Posted on 4/2/25 at 8:21 pm to jagrays
quote:
Are saying they should just allow you to make payments in 4 intervals? Why would they do in-house financing at 0%?
This, they’re an auto repair shop in OP’s example, not a bank.
Plus, as others have stated, nothing is free, not even 0% financing.
Posted on 4/2/25 at 8:24 pm to Frac the world
quote:
Damn yall are a stupid fricking bunch.
Brother, your OP was barely English.
And once I solved the riddle, it was just you complaining about being a poor bastard.
Post less
Posted on 4/2/25 at 8:26 pm to Frac the world
quote:
Maybe pay the rest off in a single swoop next pay period
Or maybe they never see you again after the first $375 and they’re stuck with $1125 they can’t collect.
Posted on 4/2/25 at 8:32 pm to Frac the world
quote:
Damn yall are a stupid fricking bunch.
Good stuff coming from the guy that can’t understand why auto shops don’t offer interest free financing on 2k worth of repairs
Posted on 4/2/25 at 8:37 pm to Frac the world
So find a mechanic that takes paypal?
Posted on 4/2/25 at 8:42 pm to Frac the world
quote:
Holy frick I underestimated the amount of illiterate redneck fricks on this board.
This is rich coming from someone that can't afford a repair. If you had it all figured out, paying for a repair would not be an issue.
Posted on 4/2/25 at 8:42 pm to Frac the world
Can’t you accomplish this is other ways? Zero or low interest credit card and builds your credit score too.
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