1. The target date for the upgrade is August 11, 2020. We expect a few hours of downtime during that process. We will post on Twitter and Facebook to keep everyone updated on the progress.
    Dismiss Notice

PSA--Sweetwater 48 month financing on Kemper, Strymon...

Discussion in 'Digital & Modeling Gear' started by bigfoamfinger, Aug 13, 2019.

  1. bigfoamfinger

    bigfoamfinger Supporting Member

    Messages:
    1,839
    Joined:
    Mar 1, 2009
    Don A and Markdude like this.
  2. Dan Desy

    Dan Desy Member

    Messages:
    3,119
    Joined:
    Jun 24, 2002
    Location:
    Twin Cities, MN
  3. dmock66

    dmock66 Member

    Messages:
    1,490
    Joined:
    Feb 12, 2009
    $36/mo for Kemper Stage??? ... ugh...
     
  4. Dan Desy

    Dan Desy Member

    Messages:
    3,119
    Joined:
    Jun 24, 2002
    Location:
    Twin Cities, MN
    Talk me off the ledge. Please.
     
  5. MojoRisin

    MojoRisin Member

    Messages:
    1,099
    Joined:
    Jan 29, 2019
    Remember (but do not bump :)) the credit thread...
     
    Last edited: Aug 13, 2019
  6. Saxon68

    Saxon68 Member

    Messages:
    1,107
    Joined:
    Aug 30, 2017
  7. Slashaholic Anonymous

    Slashaholic Anonymous Member

    Messages:
    768
    Joined:
    Apr 10, 2016
    Location:
    Utah
    It was a deal like this that got me my Helix.

    Dreams come true for like $30 per month. Love Sweetwater.
     
    buddaman71 and dmock66 like this.
  8. dmock66

    dmock66 Member

    Messages:
    1,490
    Joined:
    Feb 12, 2009
    +1... and Stomp...
     
  9. metropolis_4

    metropolis_4 Member

    Messages:
    4,518
    Joined:
    Dec 14, 2010
    I always see these, and I think about it. But in the end “48 equal payments required” turns me off.

    I don’t want to still be making payments on this 4 years from now!

    If I could pay it off early with no penalty, then they might have me
     
  10. primal

    primal Supporting Member

    Messages:
    461
    Joined:
    Mar 29, 2008
    There is a penalty for paying it off early???

    I did not see that when I looked, course I miss stuff like that easily.

    Im not sure why a company would do that when your not paying interest to begin with. It is no advantage (atleast that I can think of) to them because it means it takes them longer to receive the exact same amount of money.
     
    dmock66 likes this.
  11. Hallogallo

    Hallogallo Member

    Messages:
    6,488
    Joined:
    Sep 25, 2009
    Location:
    Non-Local

    You don't actually have to make 48 payments.
    They say that as a way to get you to pay more for the item than the listed price.
    The prices rarely are evenly divisible by 48 (or whatever the amount of months for the promo) so if you actually make only the monthly payment amount requested, your last month payment, assuming it is less than the other months, will get jacked up to the same as the previous 47 months.

    There is no actual penalty for paying it early.
     
    Anthony Newcomb likes this.
  12. madmarcus1960

    madmarcus1960 Member

    Messages:
    981
    Joined:
    Feb 14, 2011
    Location:
    Seacoast, NH
    There is no penalty for paying off early. It' s only the required minimum to maintain the 0% interest. I use Sweetwater all the time and take the longest term available as a financial safety net for a bad month with an unexpected expense.
     
    Anthony Newcomb and Watt McCo like this.
  13. madmarcus1960

    madmarcus1960 Member

    Messages:
    981
    Joined:
    Feb 14, 2011
    Location:
    Seacoast, NH
    Sweetwater gets their money from Synchrony Financial, not you directly.
     
  14. 21Hemispheres12

    21Hemispheres12 Member

    Messages:
    335
    Joined:
    Apr 6, 2017
    I’ve paid off a few things early when taking advantage of Sweetwater’s 48 month payment plan and never had any penalties. The only thing you have to watch is if you miss one payment or don’t have it paid off by the 48 month mark you’ll be charged interest that you would of accumulated over those 48 months. Pay it off on time or early and it’s a great deal.
     
    Jagg1976 and madmarcus1960 like this.
  15. metropolis_4

    metropolis_4 Member

    Messages:
    4,518
    Joined:
    Dec 14, 2010
    Ah, thanks for correcting me! I had always assumed that “48 equal payments required” meant there would be a penalty for paying it off early. Good to know I was wrong
     
  16. phil_m

    phil_m Supporting Member

    Messages:
    11,381
    Joined:
    Jun 29, 2012
    Location:
    East of the Sun, West of the Moon
    The best thing to do is to set up an automatic payment that pays that equal payment so you don't have to remember it... You can always pay more if you want for any given month still.
     
  17. Dave Merrill

    Dave Merrill Member

    Messages:
    2,451
    Joined:
    Sep 8, 2016
    My daughter has made two purchases on a Guitar Center card I'm the guarantor for, which is also Synchrony.. She's been sick a couple of times and spaced on a payment by a few days, and they've always forgiven that -- no penalty, not reported to credit bureaus. If you get jammed up, I'd suggest calling Synchrony directly.

    I wonder if I can buy stuff at Sweetwater on my GC card, same bank and all...
     
  18. phil_m

    phil_m Supporting Member

    Messages:
    11,381
    Joined:
    Jun 29, 2012
    Location:
    East of the Sun, West of the Moon
    I'm sure you can't use the same card for both places, but you can manage all the accounts from the same online account.
     
  19. Ericjutsu

    Ericjutsu Member

    Messages:
    474
    Joined:
    Sep 30, 2015
    dammit why did you have to post this! I'm thinking about that BigSky
     
  20. buddaman71

    buddaman71 Student of Life Silver Supporting Member

    Messages:
    12,747
    Joined:
    Jan 16, 2008
    Location:
    OKC, OK
    same. with Sweetwater or GC, i usually just pay cash or use the 0% for 24/36/48 on larger purchases.
    i cannot stand having any balances tho and i always end up just paying it off within 2-4 months.
    no pre-pay penalty
     
    madmarcus1960 and JiveTurkey like this.

Share This Page