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Taking Care of Business
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Old December 31st, 2007, 07:54 AM   #16
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Quote:
Originally Posted by Terry Lee View Post
Interest rates :(
The word "finance" usually implies some kind of interest.
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Old January 2nd, 2008, 08:25 AM   #17
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Quote:
Originally Posted by Terry Lee View Post
Interest rates :(
Financing through a dealer will typically mean interest rates as high or higher than a credit card. There is no way you are going to avoid paying interest.

What I'm going to say next may sound offensive, but it's not meant to be: Considering your apparent naiveté in regards to financing and borrowing, you probably have a low (or no) credit score. As a first time borrower, you are probably going to pay the maximum interest rate, no matter what credit vehicle you use.

You would be better off to avoid debt altogether. Just get some extra hours at work, get an extra job, sell some stuff, do whatever you can to get the cash together and buy a reasonable used camera. Take advantage of that situation rather than being taken advantage of by creditors.
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Old January 2nd, 2008, 01:40 PM   #18
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When I first started in video, I got a gig doing legal video. I bought a bunch of equipment on credit and found that, even though I did make a nice grip of cash pretty fast using the equipment, I used that cash for my living expenses for my family and I...not paying off the gear like I previously planned.

In the short term, I thought I'd just let the credit hang for a few months while I got my feet under me, but those few months lagged and I'm still paying off the equipment.

I'd echo previous comments advising to do whatever possible to avoid buying gear on credit unless you have a deal in hand for enough work where you're SURE you can pay it off with a gig or two.

So many good cams on the boards here for sale used and for great deals. Maybe a good way to get your hands on some good quality stuff for a good rate.
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Old January 2nd, 2008, 06:05 PM   #19
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Terry, I think Chris and Jamie are giving you good advice. Since you're just starting out, scale back you expectations for a camera and buy something you can afford with CASH. There really aren't any free lunches, and it's very easy to get in trouble with credit. Just look at the disaster unfolding in the housing market where people bought houses they couldn't afford.
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DV Info Net refers all where-to-buy and where-to-rent questions exclusively to these trusted full line dealers and rental houses...

Professional Video
(800) 833-4801
Portland, OR

B&H Photo Video
(866) 521-7381
New York, NY

Z.G.C.
(973) 335-4460
Mountain Lakes, NJ

Abel Cine Tech
(888) 700-4416
N.Y. NY & L.A. CA

Precision Camera
(800) 677-1023
Austin, TX

DV Info Net also encourages you to support local businesses and buy from an authorized dealer in your neighborhood.
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