Seems to me that knocking a man's legitimate work and name calling is a more childlike trait indicative of failure than working while going to a university. I think nearly all reasonable persons will agree with me. If you have nothing to add to the discussion beyond juvenile attacks, then I'll consider your failure to make a point as dispositive of your inability to make a point, and leave my well established assertions as the basis for intelligent folks to decide the issue for themselves.
I think you misunderstood. By all means work there, if it fits into what you are doing more power to ya.
What is upsetting to me at least is corporate brainwashing. The question was asked why would someone want to purchase a saw from a big box store over a dealer. You answered that they can finance the purchase as the main and only reason.
In turn you offered a solution, were overall the saw will cost more money to the consumer. How is that an advantage? You are "upselling" not offering the consumer any advantage over purchasing from a dealer. Even worse this upsell does not offer the consumer anything more then a higher price then what he originally planned on paying.
Getting back to the original post, for example. Maybe this fellow financed it as well. So now he has a saw that is useless, out x amount of dollars, and still has to pay for the thing. If he had purchased the same machine at a good dealer think he would be in the same boat? Think the dealer would notice the need to educate the consumer, which would be a lot more advantageous then financing.
Granted there are extreme cases where such financing will be needed, but in the long run if you cannot afford it you should not be buying it.
0% financing is a profit tool for HD (they get a small cut for every person they reel in) as well as the credit card companies. You do know that the credit card companies hold patents as to how to 'break' the consumer on zero % financing and to turn a profit on it? Same company that has patents on how to break the consumer with rebates.
I do not think you are aware that say.... I buy a tool for $1,000 and finance it free for 12 months. I receive no bill or reminder of payment until the last month, as there was no change in the account and they do not send you a monthly bill (this might of changed since the First USA case). When you finally do get the bill it is in a plain envelope in hopes that it will be discarded as junk mail. Some companies even take it to the extreme. So on day 366 I pay the bill. The total owed on day 366 would be around 1,255. The original amount, plus the 21% for the past 12 months (or 22% depending on which state you are in and in some cases 29%) plus $35 late fee.
I guess my point being is that financing is not a reason to forgo a dealer. In the long run it will end up costing the average consumer more money. Unless you think that the credit card companies offering the financing are losing money on it and just doing it to help the consumer? By stating that you offer financing for a $300.00 dollar saw is the same as saying "Most likely this saw will end up costing you a lot more then the $300 that you think you are paying for it today, but the credit card companies are willing to take that chance on you".
Years ago First USA was fined $500mil or so by the government for it's shady practices regarding 0% financing scams. Problem was they profited around $950mil in the time the government claimed they were running the scams, leaving a tidy $450mil profit. Think they cleaned up their act? Maybe some.... They were 'losing' checks in the mail or fraudulently (if I remember correctly someone from First USA testified that they were instructed to shred a certain percentage of checks that came in) or falsely claiming that payment was not received in time thus allowing the outrageous finance charges to kick in.
So in short 0% financing is not a benefit to the consumer by any stretch of the means....in the long run.
Again there are cases were such financing will work for some people. I just get upset at some corporate BS people hand out thinking it is good. To which I get upset and apologize if I came across to harsh.
