Stores that finance new clubs?

**Chubbs** · December 11, 2009

Just curious, and I don't know if I'd ever do it bc I'm not a fan of financing things. But does anyone know if there are golf stores that finance for new clubs? Kind of like how Best Buy will finance a new $800 TV, interest-free for 6 months or whatever. Golf clubs are just as expensive, if not sometimes more, than electronics, you would think that stores would have this option. And I just don't know bc I haven't asked.

I've seen a couple of gimmicky-looking "finance golf clubs" websites, but didn't know if there were legitimate options, or box store (Edwin Watts?) options to do this.

**ZEUS** · December 11, 2009

Good question... I wonder if any major retailer has thought about it. especially nowadays more and more will be willing to do it with the way the economy is.

**NormH3** · December 11, 2009

A lot more people buy new TV's than buy golf clubs. Many of these big box stores have their own credit cards and that's how they offer 6 months same as cash.

**aca247** · December 11, 2009

you could put it on layaway but i think thats it

**wmiller** · December 11, 2009

I have a Golfsmith card, and have used it to purchase my last two set of clubs. The latest promo is minimum payments, no interest till 2011 (some min. price required, but I don't remember what it is at the moment).

andemw01 · December 11, 2009

Golfsmith does like the last person said, or Dicks if they have clubs you interested in.

**dmband8985** · December 11, 2009

if you can't afford them now, don't buy them. no interest no payments sounds good now, but what is the cost to you in 6 months? what ridiculous rate of interest are they going to charge you? 20%?? 25%??? what is the late payment penalty? we live in a volatile world now...things are likely to get worse before they get any better. I myself do not believe in financing anything other than education and property...i'll throw cars in there as well. I don't put anything on a credit card that I know I can't pay in full during my grace period.

my bag was funded almost entirely by a rainy day coin savings jar. about 5 years of change paid for my driver, irons, putter, and about a dozen rounds of golf...maybe more if i hadn't used the coinstar machine, but rolling pennies and dimes is entirely way too much effort you'd be amazed how much change you collect and forget about

**zeg** · December 11, 2009

Yeah, don't buy if you can't pay now. Every time I've looked at those deals, it's no interest for 6 months (or whatever), but that's only if you pay them off before 6 months is up. After 6 months, you get dinged for an awful interest rate over that period.

It sometimes seems like a good idea-- I mean, what's the harm, I'll just pay them off before that. But what happens if you lose your job, have a medical emergency, or some other unexpected event makes you tight for cash between now and then? Then, in addition to whatever headaches you have coming from the emergency, you also are paying interest out the nose for a set of golf clubs.

If you really need them now, try to get a loan or line of credit from a bank at a reasonable interest rate. But really, I agree with dmband-- use credit only for things that you need it for.

**Chubbs** · December 11, 2009

if you can't afford them now, don't buy them.

Oh, I absolutely 100% agree with you. I was just asking out of curiosity bc I saw a Best Buy commercial about financing, and was putting on the carpet at the same time. And I just put 2-and-2 together in my head and wondered if it existed.

**wmiller** · December 12, 2009

Wow. It's really simple guys. You pay the balance off before the end of the promotional time period. I haven't paid a dime of interest.

I guess if your not disciplined enough to get 'em paid off within the time period, then you're better off not using this type of offer.

**lcfd42** · December 12, 2009

I have seen signs posted at some of the local pro shops, "Let us finance your new clubs!" an advertisment for a finance company. I'm sure the shop gets a kickback for every $100 financed or something, but I don't know of any of the no intrest/no payment type deals.

***iacas*** · December 12, 2009

Wow. It's really simple guys. You pay the balance off before the end of the promotional time period. I haven't paid a dime of interest.

We've bought several things like that. The 60" TV (when we first bought the house, so we knew cash would be tight for a few months), the new appliances in the kitchen, etc.

We had the money to pay them off both times but we also knew with no interest that we were disciplined enough to effectively set the money aside (while still earning some interest on it) to pay it off later. Before the deadline was up. I agree though, in general: if you can't afford the clubs and would have to take interest to pay something off, think twice or look at alternatives.

**enis750** · December 12, 2009

I used to work for one of the companies that offered this type of program - in Canada
I did not work directly for the delaer centre, but part of our job was to "remind" you that your no interest, no payments plan was up

to enlighten you a bit

a majority, not all, but a majority of these programs are SAC (same as cash)
meaning - if you do not pay off the ENTIRE balance, literally the ENTIRE balance, that interest will occrue back to the original date of purchase AND be tacked on to your current balance

for a 500-1500 balance this isnt much - 20-60 beans
BUT - on bug purchase like a TV or something this could be up to and over a thousand dollars
most of these place will and can charge up to 39.97 YES 39.97% on these cards, if you carry a balance

the whole idea is good, if you have the means to pay it off and be diligent w it
but having too many of thses cards open at one time can severly damage your credit
Equifax grades you bsed on how long your cards have been open, the balance, how much credit is being utlized and your repayment history

i could go on forever, but you get the point

i got tired of watching people get bent over at 29.97-39.97% every day for 5+ years
leanred a lot working there
but being a Mortgage Broker for the past few years, is much more fullfilling

and i sleep beter at night :)

**Fourputt** · December 12, 2009

Wow. It's really simple guys. You pay the balance off before the end of the promotional time period. I haven't paid a dime of interest.

The point is that if you can't afford it now, then don't do in the hopes that you will be able to afford it when the bill comes due. That's a quick route to bankruptcy court.

My wife and I have bought many items on a no interest no payments deal for 6 or 12 months, but we always had the money when we made the purchase. We just left the cash invested for the grace period, then paid the item off in full and kept the interest we earned in the meantime. I've seen people who missed the payment by a couple of weeks get socked with 6 months interest at 20% for the entire price.... that's $200 for a $2000 purchase. It's a pretty shocking experience. And if you can only afford to start making the minimum payments, what you pay in the end is financially disastrous.

**tim31x** · December 12, 2009

i believe both edwin watts and golfsmith finances clubs. not sure on what their deal is with it, but i am pretty sure i have seen signs and other things indicating their finance program. look into it, both retailers are well known and trusted. both stores have great selections as well.

RiverdaleRay61 · April 1, 2014

I was just thinking about this today. Ten years ago I purchased my Callaway irons from Edwin Watts on credit, over a twenty four month period. I can't find that feature on their web site, so I too am wondering if it's still done.

**WildTurkey** · April 2, 2014

I would suggest pay it forward. Cost of iron set $800.00. Divide by 12 = $66.66. Put that much in your savings account each month for the next year. Then go buy clubs. Make some interest. Then keep saving that amount so next year you can upgrade other clubs, bag,range finder, lessons, green fees or wherever.

joey11name · August 29, 2020

i wish everyone (at least a majority) would read the question and think about what the topic is. i would like an answer to this question too but to have to sit here and read through a bunch of clowns spouting off economics 101 garbage... really guys??!!! just answer the f***ing question.

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