Im about ready to propose to my girlfriend. I've been shopping around and have found some great rings that are in my price range. How do I go about buying them? I don't have all the money up front. Do the jewelry stores have a sort of credit system? Or should I take out a loan??
2006-08-29 18:04:30 · 8 answers · asked by dnhsguy02 2 in Family & Relationships ➔ Marriage & Divorce
Most people will finance them.
If you havn't found this yet, its a great page. (unrelated to finance, I learned a lot from it)
http://www.thepurplehouse.net/wedding/mlynek.html
2006-08-29 18:09:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You might think this is "tacky" but have you thought about buying a ring from a pawn shop? I use to be in the jewelry business and know what I'm looking at most of the time and I've seen some pretty good deals...you have to be careful....and never pay what is on the tag. Offer them half and even that will be too much. Most of them would rather sell an item cheaper than not at all. You can have it cleaned and sized and it will look like brand new. No one will ever be the wiser. That way you can get a "nicer" ring than you would have at a much better price. Oh, and one more thing, don't believe those 50% off sales. They mark them up to mark them down. Check around at the going rate and after the discount...is it still a better deal? Don't discount E-bay either. Get prices all over so you know what they should be going for. One more thing...Sams has some excellent prices for the quality they provide. I use to work for Friedman's and I couldn't get a better deal with my employee discount. (Except when I became manager...then it was cost plus 20% and let me tell you, you wouldn't believe the mark up...insurance is a b*tch you know)
2006-09-02 17:18:58 · answer #2 · answered by Becky F 4 · 0⤊ 0⤋
You can use a credit card or ask the store what they recommend. If you don't have the cash, is it really a good idea to put something like this on credit? It takes a long time to pay it off (with interest) and you don't even know that she will like it. Better to go ring shopping together and allow her to choose what SHE likes, within your price range, of course. It doesn't have to cost a fortune as it is merely a symbol of so many other more important things.
2006-08-29 18:11:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Most jewelry stores have layaway payment plans and are happy to hold the ring until you have paid for it. This is a good way to establish some credit, as well. Don't be late with your payments and don't pick something you have trouble paying for. You sound like an intelligent young man. I hope she says, "Yes!" Good luck.
2006-08-29 18:11:45 · answer #4 · answered by Peanut 4 · 0⤊ 0⤋
You'll get a better interest rate if you do a personal loan vs the store credit card. Most credit cards from store can go as high as 24%. Your personal loan could be as low as 3% You do the math
2006-08-29 18:08:17 · answer #5 · answered by jagbeeton 4 · 0⤊ 0⤋
Some jewerely store do. Zales does that is how we bought our rings years ago. Just ask around . Make sure you get the right size ., not a toe ring or navel ring ha. Good Luck Pem
2006-08-29 18:11:07 · answer #6 · answered by Patricia M 4 · 0⤊ 0⤋
You can finance them. Most, if not all, jewelry stores have their own credit cards that you can apply for with little or 0 down.
2006-08-29 18:07:49 · answer #7 · answered by orionsgirl76 3 · 0⤊ 0⤋
Just do not tell anyone in your immediate family the price,they tend to talk you out of it..ask MOM!
2006-08-29 18:14:15 · answer #8 · answered by ? 5 · 0⤊ 0⤋