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

Discussion in 'Digital & Modeling Gear' started by bigfoamfinger, Aug 13, 2019 at 7:30 PM.

  1. bigfoamfinger

    bigfoamfinger Supporting Member

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    Don A and Markdude like this.
  2. Dan Desy

    Dan Desy Member

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  3. dmock66

    dmock66 Member

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    $36/mo for Kemper Stage??? ... ugh...
     
  4. Dan Desy

    Dan Desy Member

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  5. MojoRisin

    MojoRisin Member

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    Remember (but do not bump :)) the credit thread...
     
    Last edited: Aug 13, 2019 at 10:16 PM
  6. Saxon68

    Saxon68 Supporting Member

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  7. Slashaholic Anonymous

    Slashaholic Anonymous Supporting Member

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    It was a deal like this that got me my Helix.

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

    dmock66 Member

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    +1... and Stomp...
     
  9. metropolis_4

    metropolis_4 Member

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    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

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    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.
     
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  11. Hallogallo

    Hallogallo Member

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    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.
     
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  12. madmarcus1960

    madmarcus1960 Supporting Member

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    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.
     
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  13. madmarcus1960

    madmarcus1960 Supporting Member

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    Sweetwater gets their money from Synchrony Financial, not you directly.
     
  14. 21Hemispheres12

    21Hemispheres12 Supporting Member

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    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.
     
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  15. metropolis_4

    metropolis_4 Member

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    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

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    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 Supporting Member

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    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

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    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

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    dammit why did you have to post this! I'm thinking about that BigSky
     
  20. buddaman71

    buddaman71 Student of Life Silver Supporting Member

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    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
     
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