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What is the best way to finance an engagement ring? |
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Answer
I had a pickup that was paid off. I sold the pickup to pay cash for the ring and then went and bought another pickup with zero down. Interest rates are much lower for vehicles than anything you could swing as far as signature loans or jewelry store financing.
Another option would be to call up one of your credit card companies and see if they will send you a balance transfer check with a special rate.
Answer
If you have decent credit, a lot of big jewelry stores have a financing program. If you have poor credit, you may have to get creative. Maybe work a side job or something. I'm not saying that to be spiteful. Face it; as much as you want to get her a great ring, she isn't going to be to thrilled to be marrying a guy who is in debt up to his neck. Personally, I bought mine with a credit card because I didn't want to part with all of my cash, but if you don't think you can pay up when the time comes, don't do it. Nothing could be uglier.
First answer by ID2688876935. Last edit by ID1345981868. Question popularity: 69 [recommend question]
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