Afterpay

[wazkelly]

Now there is something useful they could teach in high school economics....if only.

Yeah, teach some useful lifeskills for a change.

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[king casey]

I was told that if you want to buy something expensive you diligently saved up and bought it.

Rather than viewed as financially 'responsible', I was instead seen as a financial leper.
My account balance would be up and down like George Pell's cassock.

cheers, Mark.

[adam]

I thought I did a Post on this a couple of months ago, but couldn't find it... maybe I dreamed it?

I've been bombarded with offers for after-pay services (ZIPpay, AfterPay, etc) and I think I am on the same page as the consensus here.

It's a service that traps younger buyers and could seriously impact their finances in their late teens, early 20's... as it did for me.

I bought a Yamaha Amp when I was 17 (and at TAFE) on "Hire Purchase", yes I'm that old. I think I was still paying off the obscene debt in my mid 20's.

So, I won't be adding it anytime soon, even though it would clearly boost sales and probably be convenient for some responsible buyers*.

The average price of our kits is $200... if you can't afford that outlay, just wait until you can. Or, look out for a cheap guitar (garage sale, eBay, Gumtree, etc) that you can have a play with and do it up, to hone your skills.


*We do offer an informal Lay-by service, where you can order a kit, or other product, and put a deposit on it by Direct Deposit (Bank Transfer). Then, you just pay off the balance when you can... weekly, monthly, whatever. I've done this for a few customers and it has worked well. It's just a bit harder for International customers.

[B'Lark]

*We do offer an informal Lay-by service, where you can order a kit, or other product, and put a deposit on it by Direct Deposit (Bank Transfer). Then, you just pay off the balance when you can... weekly, monthly, whatever. I've done this for a few customers and it has worked well. It's just a bit harder for International customers.

HMMM.... I think I might have to hit you up on this at some stage. Would doing this be possible for a customised kit too?

[adam]

HMMM.... I think I might have to hit you up on this at some stage. Would doing this be possible for a customised kit too?

Hi B'Lark, yes, as long as it's not something too "out there" and we could sell it, if you changed your mind.

Send the custom order to the customshop(at)pitbullguitars(dot)com address and we can provide a quote.

We are working on the March order now, so plenty of time to spread out payments.

[Infsub]

Thanks for all the replies.

I am not aware of afterpay hurting your credit rating. It is just like lay-by. Big w. Office works kmart all use it even the other Australian guitar kit supplier uses it. (nimble is a pay day lender and yeah you will get in trouble there pretty quick)

It is not about save up etc it is about 50 a fortnight instead of 200 plus up front that the minister for war and finance whines about . Haha.

I have never spent just 200 on a guitar here. I get the kit and replace the hardware and put in Duncan's or dimarzios, add to that the finishes etc and I doubt any guitar I have finished came in under 500.

I have used afterpay and zip money and can still get home and car loans never been an issue.

I purchased 7 guitars from pitbull in last 12 months... If afterpay was an option that number would at least be double.

[Andy40]

7 guitars from PBG and only 11 posts!!!

[Dedman]

I just use my 55 days interest free on my CC

[wokkaboy]

nice work Infsub, 7 guitars in less than 12 months is a good effort. Would love to see a pic of some of your builds. You would be doing well to build 14 axes in that time !

[wazkelly]

Thanks for all the replies.

I am not aware of afterpay hurting your credit rating. It is just like lay-by. Big w. Office works kmart all use it even the other Australian guitar kit supplier uses it. (nimble is a pay day lender and yeah you will get in trouble there pretty quick)

It is not about save up etc it is about 50 a fortnight instead of 200 plus up front that the minister for war and finance whines about . Haha.

I have never spent just 200 on a guitar here. I get the kit and replace the hardware and put in Duncan's or dimarzios, add to that the finishes etc and I doubt any guitar I have finished came in under 500.

I have used afterpay and zip money and can still get home and car loans never been an issue.

I purchased 7 guitars from pitbull in last 12 months... If afterpay was an option that number would at least be double.

Things have tightened up a lot in past 3 - 6 months. The frequency of enquiries on a customer's credit file affects their score which is a number between 1 & 1200. Somewhere north of 600 is preferred whilst 400 or under will be declined by most mainstream rate acceptable lenders.
For those who don't care about high rates there are some players in the market who may consider low scoring applicants.
Earlier this month I had an application kicked to the kerb due to a dim view of a deal with a recent Zip Money enquiry on the credit file. There may have been other factors too but not the first time that type of enquiry on credit file has tripped things up.
After Pay looks like it would generate credit enquiry and therefore not a genuine layby type transaction.
Bottom line is where anything requires a credit report, it remains there for 5 years and when there is a cluster of enquiries it can downgrade credit score.
People need to be more aware how easily this can now impact their credit score.

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