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-   -   Financing equipment (https://www.dvinfo.net/forum/taking-care-business/110945-financing-equipment.html)

Terry Lee December 25th, 2007 07:02 PM

Financing equipment
 
Hello everyone,

I am looking to purchase a Sony Z1u soon but am having trouble finding the best route to finance it. I have been looking into "rent-to-own" but have really had no experience in doing so. I found a site that does rent-to-own but not for the Z1u. Anyone have any good experiences with any certain dealer or perhaps have a good suggestion?

Thank you!
-Terry Lee.

John Reilly December 25th, 2007 10:35 PM

Financing Equipment
 
Hi,

B & H Photo will sell you the unit at a competitive price and offers their "Bill Me Later" option (listed on their website accompanying product information).

This provides basic 6 months financing, with no interest charges during that period, provided the full amount is settled at the end of the 6 months. Only a basic credit check is required, and completed over the phone with B & H in less than 3 minutes.

Good Luck,

John

Terry Lee December 25th, 2007 11:19 PM

Thanks John.

Thats good because I like B&H and they seam to have a very well recognized reputation in film production and broadcasting. Their prices are very good considering the options available.

Chris Davis December 26th, 2007 08:10 AM

"Rent-to-Own" will typically cost you the most, and in my opinion is so bad I would never consider it.

Credit card offers with introductory rates of 3.9%, 1.9%, 0% abound. If you're so keen on borrowing to get the camera, why not go that route?

I believe the best option is to simply rent the equipment you need until you have saved enough cash to buy. Then buy used if possible.

Dave Pecunies December 26th, 2007 08:10 AM

The B&H option sounds good if you can pay it off in 6 months. I have used a 0% credit card in the past. I think I had 12 months to pay it off.

Tim Snyder December 26th, 2007 09:38 AM

Terry,

I live in Louisville and we rent out our Z1U's. Shoot me an email if you are interested.

Thanks
Tim

Terry Lee December 26th, 2007 10:51 PM

Quote:

Originally Posted by Dave Pecunies (Post 798267)
The B&H option sounds good if you can pay it off in 6 months. I have used a 0% credit card in the past. I think I had 12 months to pay it off.

you got the credit card through B&H?

Terry Lee December 26th, 2007 10:52 PM

Quote:

Originally Posted by Tim Snyder (Post 798298)
I live in Louisville and we rent out our Z1U's. Shoot me an email if you are interested.
Tim

Do you have a studio or business in Louisville?

Tim Snyder December 29th, 2007 11:18 PM

We had a retail store for a while, but we were never there since we were always out of town shooting. Now we just work out of our house!

Joseph A. Benoit December 30th, 2007 01:40 AM

Hi Terry
i bought a Fx1 direct from sony on line before i bought my JVC 110 from B&H
Sony will finance their own cameras.
the only problem is you pay full price

Just a thought
Joe

Terry Lee December 30th, 2007 08:48 PM

Quote:

Originally Posted by Tim Snyder (Post 799855)
We had a retail store for a while, but we were never there since we were always out of town shooting. Now we just work out of our house!

Haha, well what better reason!

I will certainly keep you in mind once I began shooting on a higher scale. Right now I am simply trying to learn the tricks of the trade. Without first obtaining a camera, I won't be able to do that. And of corse without the ability to finance the equipment, I am stuck window shopping for now. Once I am more comfortable with everything, I am certain I will have to call upon local cinematographers for assistance. As I have learned, no single person can create a quality film, it will take a crew. I will of corse need a sound person, lighting expert, compositing/editor along with additional cameras. Once the time comes, I will keep the offer in mind. Do you have a business card or contact information available so that I can contact you?

Terry Lee December 30th, 2007 08:50 PM

Quote:

Originally Posted by Joseph A. Benoit (Post 799884)
Hi Terry
i bought a Fx1 direct from sony on line before i bought my JVC 110 from B&H
Sony will finance their own cameras.
the only problem is you pay full price

Just a thought
Joe

So if you finance through Sony, there is a payment plan available?

Jim Michael December 30th, 2007 09:11 PM

Another option is a business equipment loan from your bank. Most of them will set up a line of credit for you to use for equipment purchases. If the LoC is for less than a certain amount (say $100k) then to approval process is usually somewhat simpler. It's likely you'll have other needs so go ahead and get approved for everything you might need. Debt sucks, so keep the term short and only borrow when it's really justified, i.e. you have paying gigs and the equipment is needed to help you make money.

Benjamin Hill December 30th, 2007 09:34 PM

What's wrong with the old credit card?

Terry Lee December 30th, 2007 11:35 PM

Quote:

Originally Posted by Benjamin Hill (Post 800258)
What's wrong with the old credit card?

Interest rates :(


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