What card would you arrange financing to buy?

butchie_t · #1 10-17-2022, 01:06 PM

I love my wife, I love my life. None!

raulus · #2 10-17-2022, 01:11 PM

Man.

After all of our marvelous disputations about cashing out your 401k to buy cardboard, I figured there would be more takers here.

Plus you�ve got all of the new fancy vaults with their lending features that seem so enticing to lever up to buy some exciting pieces!!

Naturally, I�m in the �no bloody way� camp.

skelly423 · #3 10-17-2022, 01:18 PM

I've bought cards on my credit card, but never spent so much that I can't pay off the card in full before the next payment is due. I don't think I could ever get to a point where I'm stretching payments over multiple months to buy a card.

Because every thread deserves a card, here's one that would at least make me pause and think about it

sb1 · #4 10-17-2022, 01:26 PM

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Johnny630 · #5 10-17-2022, 01:29 PM

Quote:

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Absolutely correct!!

obcbobd · #6 10-17-2022, 01:31 PM

Another in the no way camp!

MR RAREBACK · #7 10-17-2022, 01:33 PM

I have used PayPal credit no interest for 6 months
Many many many many times

jingram058 · #8 10-17-2022, 01:37 PM

Quote:

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Yeah, sure. If you're one of the beautiful people of the (so called) "hobby" at that lofty level. I came to the conclusion I wasn't in that club when reality set in long, long ago. So go ahead and sell me one of the "best cards". When I can't pay up, Johnny Two Times and his ball peen hammer will pay me a little visit.

raulus · #9 10-17-2022, 01:42 PM

Quote:

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Okay. Probably not quite the same, but I did have a transaction that I paid in two payments over a couple of weeks. However, my motivation was simply to drive down the individual payment amount to drop below the threshold triggering my wife�s reporting requirements.

kailes2872 · #10 10-17-2022, 01:45 PM

Quote:

Originally Posted by raulus

Okay. Probably not quite the same, but I did have a transaction that I paid in two payments over a couple of weeks. However, my motivation was simply to drive down the individual payment amount to drop below the threshold triggering my wife�s reporting requirements.

The REAL Johnny Two Times with the Hammer!

MR RAREBACK · #11 10-17-2022, 01:48 PM

I wish REA Auctions had 6 months no interest

BobC · #12 10-17-2022, 01:48 PM

I'm like most others.............never!

Exhibitman · #13 10-17-2022, 01:50 PM

The truth is that any of us would go into debt to buy a card if the deal is right. I'd happily draw down a $100,000 HELOC to get a T206 Wagner because I could flip it for a large multiple. Now, if you qualify it with provisos like I cannot flip it or it has to be purchased "at market value" (whatever that is; a whole other debate), then the deal doesn't make sense and my answer is "no". I would only go into debt to make money.

fkm_bky · #14 10-17-2022, 01:54 PM

Quote:

Originally Posted by raulus

Okay. Probably not quite the same, but I did have a transaction that I paid in two payments over a couple of weeks. However, my motivation was simply to drive down the individual payment amount to drop below the threshold triggering my wife�s reporting requirements.

Ditto! I'll never finance a card, but I've asked to make payments over a month or two. Sometimes to avoid the eye of sauron; other times, so that I could sell off a few other items to help pay for it.

Bill

G1911 · #15 10-17-2022, 01:32 PM

Quote:

Originally Posted by raulus

Man.

After all of our marvelous disputations about cashing out your 401k to buy cardboard, I figured there would be more takers here.

Plus you�ve got all of the new fancy vaults with their lending features that seem so enticing to lever up to buy some exciting pieces!!

Naturally, I�m in the �no bloody way� camp.

I�m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can�t afford was a �yes!�. You�d think that kind of �everything all in on cards� mentality would produce a yes to both, or if common sense is applied a no to both.

parkplace33 · #16 10-17-2022, 02:00 PM

Quote:

Originally Posted by G1911

I�m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can�t afford was a �yes!�. You�d think that kind of �everything all in on cards� mentality would produce a yes to both, or if common sense is applied a no to both.

So I think the retirement question was a yes is because technically, you own that money and are not in debt to something.

BobC · #17 10-17-2022, 02:11 PM

Quote:

Originally Posted by parkplace33

So I think the retirement question was a yes is because technically, you own that money and are not in debt to something.

Exactly! If you're working and using money you earned to buy cards, that is using after-tax money as well. Money you put into your 401K just hasn't been taxed yet, so what really is the difference, other than the timing of when you pay the tax on that money that you earned and is yours?

Lorewalker · #18 10-17-2022, 03:44 PM

Quote:

Originally Posted by G1911

I�m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can�t afford was a �yes!�. You�d think that kind of �everything all in on cards� mentality would produce a yes to both, or if common sense is applied a no to both.

Makes ya wonder if the food chain diagram needs to be redrawn, no? Humans are simply amazing.

To the OP, I would never finance a card purchase, liquidate a retirement account or use funds earmarked for another purpose to purchase a card.

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