|
|||||||||
|
Thread Tools | Search this Thread |
March 15th, 2008, 12:51 PM | #1 |
Major Player
Join Date: Jul 2002
Location: Juneau, AK
Posts: 814
|
0% financing on EX-1
I don't know if this is common knowledge or not, but I just got an email from Sony. I read it and it said they were offering 0 down, 0% financing for 12 months on Sony professional gear to businesses....but purchases must be made by March 31st! I looked in the long list of gear that was eligible for this.....and sure enough, the EX-1 was on the list. Now this is only for businesses, not individuals, but if you run a small video business like me, it might be a good way to get an EX-1 even if you can't come up with the cash right away. Or if you could come up with the cash right away, maybe you should put the cash in a CD and get the camera using the 0% financing offer, then pay the camera off and keep the interest you earned on the CD.....making the EX-1 a couple hundred dollars cheaper.....LOL
|
March 15th, 2008, 01:02 PM | #2 |
Major Player
Join Date: Feb 2005
Location: Dorset UK
Posts: 697
|
IN the UK the EX1 has been on 0% 12mnths interest since it's launch. For everyone who has decent credit rating.
I am using mine and will make s deision whether to pay up when the time runs out, or flog it on ebay for a little loss and buy another new one on 12 months interest free. |
March 15th, 2008, 01:12 PM | #3 | |
Major Player
Join Date: May 2003
Location: new york city, new york
Posts: 594
|
gabe-
i got the same email and wondered about the terms. if i remember correctly, the interest factor was in the low 8% range. i wonder if u could get zero financing for 12months and then pay-off the camera in the 13th month or are u "forced" to make monthly payments for the life of the loan. thoughts? thanks in advance rob Quote:
|
|
March 15th, 2008, 01:26 PM | #4 |
Trustee
Join Date: Nov 2007
Location: Bristol UK
Posts: 1,273
|
You mean pay it off in the 11th month ? Before the payments start.
__________________
Round 2 GH5,FZ2000 |
March 15th, 2008, 01:33 PM | #5 |
Major Player
Join Date: May 2003
Location: new york city, new york
Posts: 594
|
|
March 15th, 2008, 04:30 PM | #6 | |
Major Player
Join Date: Jul 2002
Location: Juneau, AK
Posts: 814
|
Quote:
If you go to that link, you can download the terms and conditions. So I did just that. It says this: "Lease Rate Factor: 0.083333 Lease to include $1.00 end of term purchase option Estimated monthly payment amount equals Lease Rate Factor times total Equipment Cost plus any applicable taxes No down payment required All lease documents must be fully executed and received by DLL no later than March 31, 2008 Equipment must be located in the United States Promotional financing options also available to accommodate 24 to 60 month financing needs. Contact DLL to discuss these alternative promotional offers Financing available for business and commercial purposes only, and not for personal, family or household purposes" That doesn't really answer the question to me of whether I can use this program to buy the EX-1 and have basically 11 months to make enough money using it to pay itself off. If so I think I'd go for it. I actually emailed them a couple times. They said I have to get a email 'quote' from whomever I will be buying from (B&H) and send them that email quote along with a completed credit application. After that they will draw up lease documents and I will read them and see what they say. If I can pay it off without incurring a 'prepayment' penalty or whatever, I think I'd go for it.....but I'm not going to pay a bunch (or really ANY) interest...if that's the case I'll just wait until I can actually afford to buy it outright.....but by that time there may be something else out that I will decide to get. That would seem to be the only reason for Sony to subsidize interest free loans, to get people in this slower economy to go ahead and buy their equipment. I think it's a good move by Sony. |
|
March 15th, 2008, 06:14 PM | #7 |
Tourist
Join Date: Nov 2007
Location: Vermont, USA
Posts: 123
|
It's through a lease company. Take your total price and divide by 12. That's your monthly payment.
Add $1 to the end to transfer. You don't get to pay what you want as you go... gotta pay it off in the 12 months. If you want a lower monthly payment, pay more up front as your down payment. |
| ||||||
|
Thread Tools | Search this Thread |
|