Installment plan (theft) at Classic
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    Installment plan (theft) at Classic

    I have to laugh every time I scan a Classic email ad and see the retail price next to the monthly payment for their installment plan. Better off getting a payday or car title loan to buy a gun. Effective interest rates vary wildly but are always outrageous. Typical deal is like the surplus S&W 9mm at the beginning of today's ad. $339.99 (+3% CC upcharge) retail or twelve monthly $41.08 payments.

    Hmmm, $340 or 12x$41 ($492) tough call. That's a simple annual interest rate of 45%. They wouldn't offer the deal if there weren't people out there scooping it up.
    Last edited by AZAK; 05-21-2020 at 01:11 PM.
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    Quote Originally Posted by AZAK View Post
    I have to laugh every time I scan a Classic email ad and see the retail price next to the monthly payment for their installment plan. Better off getting a payday loan to buy a gun. Effective interest rates vary wildly but are always outrageous. Typical deal is like the surplus S&W 9mm at the beginning of today's ad. $339.99 (+3% CC upcharge) retail or 12 $41.08 payments.

    Hmmm, $340 or 12x$41 ($492)… tough call. That's a simple annual interest rate of 45%. They wouldn't offer the deal if there weren't people out there scooping it up.
    They also won't ship parts kits to Washington State... but hey, they love freedom...
    Last edited by AZAK; 05-21-2020 at 01:53 PM.
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    Classic Firearms is doing the same stuff. Example, SKS right now on sale for $319, or you can pay them $467 if they finance it for 12 months. Obviously people do it or they wouldn't offer it.

    Then on the other side you have the mom/pop FFL who will have the SKS for $350-375 who'll do free layaway at their sale price with 90-120 days to pay it off. Which would you do?
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    Thanks so much for catching that! Even looking at the ad, I get those two mixed up all the time. Did not mean to say Centerfire, I don't think they do it.


    Quote Originally Posted by myst173 View Post
    Classic Firearms is doing the same stuff. Example, SKS right now on sale for $319, or you can pay them $467 if they finance it for 12 months. Obviously people do it or they wouldn't offer it.

    Then on the other side you have the mom/pop FFL who will have the SKS for $350-375 who'll do free layaway at their sale price with 90-120 days to pay it off. Which would you do?
    We've got a hell of a lot more in common with the fellow citizens we're being trained to hate than the puppetmasters training us to hate them.
    ::::::::::::::::::::::::::::::::::::::::::::::::
    LOOKING FOR: EG SSG-82 5.45 bolt gun; Soviet (7.62), East German (7.62/5.45) and Romy (5.45) Barrels; nice EG or Soviet Makarov
    I organize and sell Commbloc weapon/parts/accessory collections and estates for those who cannot or would prefer not to, send a PM if interested.
    Kalashnikov Collectors Association

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    I know when I want a gun, I feel like a really “need” it, but let’s be practical. If I don’t have the cash to pay full price now, I probably should be worried about more important things than collecting guns.
    10Gauge and scottyb like this.

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    well... there are obviously people dumb enough to do it. these businesses are simply taking advantage of the ignorance or stupidity of those people. on the other hand, why would any seller have a finance option if it wasn't well worth their time?
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    Quote Originally Posted by corpsman5 View Post
    well... there are obviously people dumb enough to do it. these businesses are simply taking advantage of the ignorance or stupidity of those people. on the other hand, why would any seller have a finance option if it wasn't well worth their time?
    This.

    It's taking full advantage of the "I WANT IT NOW!!!" attitude that people have and that a lot of folks think in terms of payments or "What can I afford" than they do "how much does this cost?". If someone can't be bothered to take the monthly payment and multiply it by 12 then they deserve what they get. Fuck 'em. Rent To Own stores are much more insidious.

    Only reason it's not compound interest is because that's probably illegal unless you're a financial institution. Heh.. even credit card companies give an introductory 0% APR.
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    Quote Originally Posted by corpsman5 View Post
    well... there are obviously people dumb enough to do it. these businesses are simply taking advantage of the ignorance or stupidity of those people. on the other hand, why would any seller have a finance option if it wasn't well worth their time?
    There's well worth your time and then there's robbery of the uneducated or poor. Classic is bringing in 3-4 times their profit on the gun by doing that so it's a smart biz move to make as much $ as you can, while at the same time the only reason it's not predatory lending practices and illegal is because you're buying something rather than borrowing money. Same thing as the buy here pay here car lots that by the time you pay off the car you've paid 2.5x or more the cost of the car if you had bought it outright or been qualified for better finance rates through a bank or the like, it's a biz practice meant to take advantage of people. Just because it's not illegal doesn't make it the right thing to do.

    I'm a hard core capitalist, supply and demand, those with the hustle should get the money type of person, but I'm also the type of person who doesn't like companies that stick it in as deep as they can and then back out an inch when people start to complain. I think providing a good product at a price that both gives you a comfortable margin and is fair to the buyer is just a good recipe for success in business and that when greed is the controlling factor in everything then you're going to develop the mentality of "how can I f#$k over everyone today" and it'll start showing up in shortcuts in manufacturing, poor support, horrible prices, etc.

    I don't like what they're doing, and luckily I'm not in the situation where that type of purchase is the only way I could buy the gun.
    Some of you are too young to remember this but back in my day we had so much toilet paper that we threw it into the trees of our enemies.

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    1973 dated kits and guns | AIMR-74-PM MD 86 Barrel
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    PM me, can pay $ or possibly trade.

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    Quote Originally Posted by BigSal View Post
    They also won't ship parts kits to Washington State... but hey, they love freedom...
    They also love not getting dragged into court because Washington State went full retard.
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    Quote Originally Posted by myst173 View Post
    There's well worth your time and then there's robbery of the uneducated or poor. Classic is bringing in 3-4 times their profit on the gun by doing that so it's a smart biz move to make as much $ as you can, while at the same time the only reason it's not predatory lending practices and illegal is because you're buying something rather than borrowing money. Same thing as the buy here pay here car lots that by the time you pay off the car you've paid 2.5x or more the cost of the car if you had bought it outright or been qualified for better finance rates through a bank or the like, it's a biz practice meant to take advantage of people. Just because it's not illegal doesn't make it the right thing to do.

    I'm a hard core capitalist, supply and demand, those with the hustle should get the money type of person, but I'm also the type of person who doesn't like companies that stick it in as deep as they can and then back out an inch when people start to complain. I think providing a good product at a price that both gives you a comfortable margin and is fair to the buyer is just a good recipe for success in business and that when greed is the controlling factor in everything then you're going to develop the mentality of "how can I f#$k over everyone today" and it'll start showing up in shortcuts in manufacturing, poor support, horrible prices, etc.

    I don't like what they're doing, and luckily I'm not in the situation where that type of purchase is the only way I could buy the gun.
    This a *real* dangerous path to walk, because it leads the way to price fixing and the strangulation of commerce and competition.

    If someone lies or otherwise misrepresents a product to dupe someone into buying it, it is fraud. However if a customer buys something without doing any research or shopping around, that's on them 'buyer beware'. Even freaking here there's a guideline that if something looks too good to be true, it probably is and don't let consumer greed blind you. Look before you leap. A buyer has a responsibility too. Most people are capable of using a search engine to do research. Consumer reports, reviews, forums.. lots of resources nearly everyone has access to for very little money. There are sometimes TOO many options out there with such slight differences between them it makes it hard to make an informed choice. Hell I've been looking into .22 air rifles for pest control and that freaking rabbit hole is unreal. I've pretty much settled on what I want, it's just scraping together the funds to get it.

    Which brings me to my next point. You don't have to be too terribly intelligent to figure out that a payment plan is going to be more than paying in full. If someone has the ability to make payments on time and in full each month, they can put that same dollar amount into an envelope and wait until there's enough in there to make a purchase. If they don't have enough discretionary income, then they shouldn't buy it. Personal responsibility has been endangered for a long time... so who's supposed to protect people from themselves? I think you know the answer...the fucking government. YEP that always turns out well!

    People can fuck up their credit and it takes time and discipline to repair it. In the meantime, it's a severe financial risk to make loans to those people...because they've proven themselves unwilling or incapable of holding up their end of an agreement that they, as adults who are cognizant of what they're doing, got into. Do they get a pass because they're irresponsible? Should a business that employs people and pays their wages shoulder the risk of losing income that's used to pay their employees, rent, and other expenses out of the goodness of their heart? That's a charity, and even those get funding from somewhere.

    As far as the QC going down as a result of greed alone, it might be a contributing factor. More likely it's a result of trying to keep up with extremely ramped up demand. Quality costs. You can pay in time or cash. If you try to save time or cash, quality drops as speed increases (less time to check things out) or if people get paid less for more work (job dissatisfaction, lack of caring about final product). Cutting corners is stupid but sometimes it works. Fucking Century has gotten away with it for for-fucking-ever but you know why they're still in business? They sometimes turn out good guns, they offer replacement or repair if things go bad. It's also cheap. Cheap attracts interest, keeps the barriers of entry low, and is a gateway to better things. The market determines the price. If you were a hardcore capitalist, you would know that. If the price is too high and the demand is too low, it wont sell. Lower the price until it sells.

    Here's the most important point of them all. Consumers have a CHOICE! Classic is not the only retailer of firearms out there. You can put those guns on a credit card and get 0% financing. You can find a Local Gun Store that has layaway options, (which the terms are varied and many I can almost guarantee).. or here's a novel idea.. save up for it. If someone needs a gun right away in an emergency, they're not going to give a fuck about financing. "Only way to buy a gun" Come on, man.

    Listen... I'm not defending crooks and frauds. There are some shitty practices out there, and I actually have more of a problem with internet and phone companies than I do with rent to own stores. I won't dive into "Spiderweb marketing" but MAN it sucks trying to negotiate bills like that. Voicemail hell press this press that hold please... so its easier to let that increase over time until it becomes too much. I'm paying too fucking much for internet and phone but its easy to forget about it until the bill hits. Then you have to find time to jump through hoops. To avoid RTO places... just don't shop there. If someone wanted a couch or whatever, there are garage sales or craigslist.
    JoeMomma likes this.
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    Big Sweaty Ben...


    No thanks.


    I'll buy a gun on layaway but not credit. I pretty much do it all the time. I have the money for the gun, but as with most things, I just don't like letting go of it. If I let it trickle in 2-3 months time, I feel much better about it. I'm probably nuts who knows.

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    Quote Originally Posted by JoeMomma View Post
    They also love not getting dragged into court because Washington State went full retard.
    Most of the other outfits will pull the auto sear, and ship. Centerfire, Whatacountry, and Midway will not. Had the same issue when I lived in California. AoA, Apex, Cog, and most of the other guys that get the exact same kits will accommodate us.
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    Northern California...err i mean Washington state has been that way for years. When centerfire had the East German kits years ago i had to have a member from oregon buy me one. Pathetic and glad im away from that backwards state.

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    honest to goodness its the same with Davidson Defense. Their rates may be a bit better though idk. Just save your money. The extra 100 dollars can get you ammo or something else thats nice.

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    I swear every time I hear people talking about Classic Firearms it’s never anything good, like when folks got shafted on those third pin PSLs they tried to sweep under the rug:P
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