Who here buys new saws on a layaway plan?

[rob066]

I have three dealers in my area that I bought saws this way. I can make nearly what I want to pay till the saw is paid off. I usually pay around $40 a week to they are paid off. I bought four saws this way. I like doing it this way when buying new. The reason I do this is that I cant ever seem to save the cash to buy right out.

 

[MS460WOODCHUCK]

I've put some money down and told them I would be back but never actually a payment plan like 40-50 a week or anything.

 

[justtools]

Not a bad idea. You wont miss the 40 a week and in 3 or 4 months you have a new saw.

 

[SilverKing]

Its a good idea.I wish I had a dealer that would do that.Id rather put $50 a week towards something I would have a long time,than blow the money on beer every week.My only actual local dealer is Mennonite owned ,and they believe in cash on the barrel head,which is good to I guess

 

[GeeVee]

Its a good idea.I wish I had a dealer that would do that.Id rather put $50 a week towards something I would have a long time,than blow the money on beer every week.My only actual local dealer is Mennonite owned ,and they believe in cash on the barrel head,which is good to I guess

Blaphemer- Money on beer is NOT wasted.

 

[Whitespider]

I don't buy anything on lay-a-way, credit, or whatever... I pay cash.
Sometimes that means putting so much in the back of my wallet every paycheck until I have the total... but I ain't handing my cash over to anyone until I get the return.
And don't get me wrong... I buy barrels of beer and whiskey... but if'n I want something...

 

[H 2 H]

I don't buy anything on lay-a-way, credit, or whatever... I pay cash.
Sometimes that means putting so much in the back of my wallet every paycheck until I have the total... but I ain't handing my cash over to anyone until I get the return.
And don't get me wrong... I buy barrels of beer and whiskey... but if'n I want something...

I like paying cash also :msp_wink:

 

[huskydude]

If I don't have the money, I don't buy it. I put everything on a CC, knowing full well I can pay it off at the end of the month in its entirety.

 

[rob066]

I don't buy anything on lay-a-way, credit, or whatever... I pay cash.
Sometimes that means putting so much in the back of my wallet every paycheck until I have the total... but I ain't handing my cash over to anyone until I get the return.
And don't get me wrong... I buy barrels of beer and whiskey... but if'n I want something...

Well Iam happy for you! But I cant do that. Iam taking care of three kids who are way more important than any chainsaw. My kids are top priority

 

[SilverKing]

Blaphemer- Money on beer is NOT wasted.

I try to tell myself that every time I flush the yellow down the commode,cant see myself ever flushing an 066 tho:msp_tongue:

 

[Dusty Rhodes]

I try to tell myself that every time I flush the yellow down the commode,cant see myself ever flushing an 066 tho:msp_tongue:

I have bought one new saw cash outright and another saw on the layaway plan. I appreciate the shop I deal with that lets me buy a saw on layaway. Whats the difference? Save up a little cash every month and stick it in a drawer at home and then go get the saw when you have enough. Or give it to the shop a little every month and they are saving it up for you until it is paid in full. I guess there is no real difference. However, for some guys if they tried to save it up at home they would probably spend it on some other need or want before they had enough to buy the saw. I am usually stopping at the shop once every month to pick up one thing or another anyways so I give them $50 bucks or so until my saw is paid off. Having bought two new saws now I think I prefer the layawayplan as it is always great to talk to the saw shop guys and look over the goods when I stop in to put some money on the saw. My layaway saw was kind of like a "Christmas is a Coming" thing for me each time I put a little more down on that saw. Sounds kind of odd I know, but it was more "fun" buying it on layaway. Some of the fun I think is in the anticipation. LOL

 

[SilverKing]

I have bought one new saw cash outright and another saw on the layaway plan. I appreciate the shop I deal with that lets me buy a saw on layaway. Whats the difference? Save up a little cash every month and stick it in a drawer at home and then go get the saw when you have enough. Or give it to the shop a little every month and they are saving it up for you until it is paid in full. I guess there is no real difference. However, for some guys if they tried to save it up at home they would probably spend it on some other need or want before they had enough to buy the saw. I am usually stopping at the shop once every month to pick up one thing or another anyways so I give them $50 bucks or so until my saw is paid off. Having bought two new saws now I think I prefer the layawayplan as it is always great to talk to the saw shop guys and look over the goods when I stop in to put some money on the saw. My layaway saw was kind of like a "Christmas is a Coming" thing for me each time I put a little more down on that saw. Sounds kind of odd I know, but it was more "fun" buying it on layaway. Some of the fun I think is in the anticipation. LOL

I agree 100%.For me the waiting to actually own something is the thrill,and then you actually get it and its kinda dissapointing.

 

[Matt J Leppek]

my great grandpa always says "if you cant pay cash, you dont need it"-which is true to a certain extent. some things like a house its not practical to pay cash...but for me smaller things in four digits or less i like to pay in cash

 

[D&B Mack]

I wouldn't view lay-a-way as the same as using a credit card though. Using layaway doesn't really create a real debt. If you don't finish paying, they just sell your item off. Yes, it is money lost, but usually you are not paying interest on a debt. This country would probably be in better shape if people were using layaway more and credit less.

 

[stihl023/5]

Never asked if the dealer does this.

 

[Adam_MA]

Never bought a saw on layaway, but my local gun dealer offers it on new and used guns... Talk about dangerous!! :msp_biggrin:

 

[justtools]

All the posts on this thread are true. I think when you get a little older/ have a few more bucks just paying cash outright is the way alot of guys like to go. When money is tight the layaway plan works best for things you need. You know you are putting money towards something you really want or need. This may stop you from spending the extra cash on something not so important. Layaway is way better as a teaching tool for life. Most people today use a credit card that never gets paid off. They want whatever now and they are always broke paying the interest. If I was a shop owner I would gladly accept layaways. I think it would build great relationships with my customers.

 

[Somesawguy]

Set up a saw "club" like a Christmas club at your bank. Dump $50 each pay period in there, and eventually you'll have enough for a new saw.

I've never put anything on lay-away.

 

[Whitespider]

I'm not putting anyone down for using a lay-a-way plan, and I fully agree it's smarter than using a credit card. The problem I have with lay-a-way is (most of the time) you're locked in... usually you can't get that cash back. If I can pay 40 bucks a week to a lay-a-way, then I can stick the same 40 back each week... and I have the cash if a better deal comes along. Besides, ain't notin' like "cash-in-fist" to sway the deal in your favor during price negotiations.

The thing is, I don't need someone else to "hold" my money... and I don't need to face loosing the money I've already handed them to give me incentive to keep paying (saving)... and I also know that sometimes life kicks you in the teeth, and what you wanted yesterday is no longer what you can even use today. The truth is, I put a bit of cash back every week, whether I'm saving for something or not, been doing it for many years... it's my "slush fund". If I make few extra bucks, or sell something, it goes in the fund... some weeks I may only stash $10 or $20 from the paycheck, others it may be $100 or more from multiple sources. So if I decide, for example, I want a new saw, I count my "slush fund" and wow... I only need to come up with, say $130 more. Couple more paydays and I have it... and then I immediately start building the "slush fund" back up. That's how I bought the new grass cuttin' machine this spring... I decided I didn't want to fight with the old worn out JD anymore, counted the fund, it had just a bit over two grand in it, and I went out and bought a new $2000.oo grass cutter. Sure, a $5000.oo grass cutter would be nice, but I didn't have 5-grand, I had 2 in cash... and I like to pay cash.

 

[D&B Mack]

The thing is, I don't need someone else to "hold" my money... and I don't need to face loosing the money I've already handed them to give me incentive to keep paying (saving)...

This reminds me of a similar argument I had with someone lately. Our argument was about taxes (which isn't the point). But we were discussing whether to underpay or overpay. I said that I always try to owe the government a little at the end of the year rather than waiting for a refund. I would rather have that money in my account (earning interest) than to front it to the government. Their side was, "well, if I have it, then I spend it." And they said they couldn't afford to owe.

But I guess the same goes for lay-a-way. Some people just can't save the money on their own.