Buying HiFi at credit, anyone?

Everyone is different with a different set of opinions/values. I've bought audio on 12 month interest free. I didn't have 3500 bucks at one time. But, I had the monthly payments no problem. It was paid off, I was happy, no big deal.

I use credit cards, but I also pay off the balance each month. Absolutely nothing wrong with credit, if you know how to use it and not abuse it. (FWIW I am NOT in debt up to my eyeballs)

IMO, "cash" deals are getting harder and harder to get discounts with. They make much more money throwing a credit card at you. In hopes that you screw up and have to pay fees.

Never. Audio Equipment is cash on hand only. I will use a credit card to pay but the bill is paid in full when due. My Son starts College in the Fall. My life is about to change BIG TIME!

Come on, am I the only guy who's bought something on credit or the equity line knowing it would take a while to pay off but I wanted it?? Granted, MOST of my audio purchases have been with free cash, but not all and I don't feel bad for it. It's not like my family didn't have a place to stay or food on the table to doit.

Wake up, the government wants us to buy on credit to keep the economy humming along. Hey, the savings rate in the US has now gone NEGATIVE. As a group, we are spending.....ah, more than we make. The American consumer is just following the lead of the government. It's unpatriotic to not carry copious amounts of debt. And what better way to spend the money you do not have than on the audio gear that you do not need? But, a moment of sober reflection here, why not spend the dough on software? I know that software purchases are just a way to spend some small bucks while waiting for the new credit card to arrive so that hardware purchases can proceed, but with a $60,000 system and 85 CDs, they seem to be a necessary evil. I'm sure Krall, Barber and Cole are coming out with new records real soon. Maybe MoFi will make them in gold this time.

Kennyt:

I would tend to agree with you, hard to believe than in Creditland where consumption is King, no-one buys Hifi gear at credit when 90% of car owners do it for their cars, either leasing or financing.....Apart from Musical Fidelity, there are no Hifi gear that depreciate as much as a good ol' Detroit car!!! Time to tell the truth guys.....