What card would you arrange financing to buy?

sb1 · #1 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 · #2 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 · #3 10-17-2022, 01:31 PM

Another in the no way camp!

MR RAREBACK · #4 10-17-2022, 01:33 PM

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

jingram058 · #5 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 · #6 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 · #7 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 · #8 10-17-2022, 01:48 PM

I wish REA Auctions had 6 months no interest

BobC · #9 10-17-2022, 01:48 PM

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

Exhibitman · #10 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.

BobbyStrawberry · #11 10-17-2022, 01:54 PM

None!

raulus · #12 10-17-2022, 02:14 PM

Quote:

Originally Posted by Exhibitman

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.

I could be wrong, but reading between the lines of the OP a little bit, I think the context/situation is one in which you've been jonesing for a card for a long time, and have a chance now to pick it up, but don't have the cash to make it happen.

Although not explicit in the OP, I (perhaps simplistically) assumed that we were talking about a market price, or at least something approximating market, maybe with a slight discount because we all love a good deal when we're buying.

Naturally, if you want to change the facts to an improbable/unlikely/fantasy situation, then the answer might change, depending on the precise opportunity that comes along.

Dead-Ball-Hitter · #13 10-18-2022, 11:53 AM

Quote:

Originally Posted by raulus

I could be wrong, but reading between the lines of the OP a little bit, I think the context/situation is one in which you've been jonesing for a card for a long time, and have a chance now to pick it up, but don't have the cash to make it happen.

Although not explicit in the OP, I (perhaps simplistically) assumed that we were talking about a market price, or at least something approximating market, maybe with a slight discount because we all love a good deal when we're buying.

True, as the OP here, that's exactly what I was curious about. If there's something you couldn't generally afford without a loan/line of credit/other terms, would you make the stretch to get it, or be content without it for the present time?

To be honest, I have made a few purchases in the past without the funds available, feeling confident that I could either acquire the funds through sales or otherwise cover the amount in a month or two tops. However, now that I'm older, I'm far more risk averse... also, happy wife, happy life a consideration!

I'm fortunate to say my PC is all mine, nothing to pay back to anyone. not so when I was younger...

rjackson44 · #14 10-18-2022, 12:46 PM

What i dont have today i dont need tomorrow!

steve B · #15 10-18-2022, 09:51 AM

Quote:

Originally Posted by Exhibitman

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.

Exactly!

What's the card, and what's the deal on it. A valuable card at a crazy price? Yes, I probably would.

Any card at full current retail? Nope.

I was discussing hobby stuff with another collector and we got to talking about some hobbies having things that might be "needed" especially for an exhibit, but that are well out of range in price. He said that going into debt for a collection separates a serious collector from an advanced collector. (Assuming a lack of extreme wealth, which some have had in any collecting field. )

fkm_bky · #16 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

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