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Financing performance parts from shops
Thread Starter
Le Mans Master
Joined: Mar 2006
Posts: 8,721
Likes: 707
From: New York
Financing performance parts from shops
I was wondering if any of you guys know of any performance shops that let you finance their work? I mean everyone likes to mod their vettes, but not all of us have that kind of money laying around for performance parts. I'd like to get some work done to my car, but the only way I can afford to do so is on a month to month basis. I know I can try to get a loan form the bank, but they charge too much interest.
Coming from the mustang side last year, it was amazing to see how all these young guys(high school and college students) had money for blowers, race seats, cages, heads or whatever. I just didnt understand where they got that kind of money to pay off a car loan AND get all these expensive parts installed on their cars. I'm sure I'm not the only one who would love to get work done to their car and be able to finance it monthly.
Edin
Coming from the mustang side last year, it was amazing to see how all these young guys(high school and college students) had money for blowers, race seats, cages, heads or whatever. I just didnt understand where they got that kind of money to pay off a car loan AND get all these expensive parts installed on their cars. I'm sure I'm not the only one who would love to get work done to their car and be able to finance it monthly.
Edin
Racer
Joined: Dec 2006
Posts: 485
Likes: 0
From: Spring TX
I was wondering if any of you guys know of any performance shops that let you finance their work? I mean everyone likes to mod their vettes, but not all of us have that kind of money laying around for performance parts. I'd like to get some work done to my car, but the only way I can afford to do so is on a month to month basis. I know I can try to get a loan form the bank, but they charge too much interest.
Coming from the mustang side last year, it was amazing to see how all these young guys(high school and college students) had money for blowers, race seats, cages, heads or whatever. I just didnt understand where they got that kind of money to pay off a car loan AND get all these expensive parts installed on their cars. I'm sure I'm not the only one who would love to get work done to their car and be able to finance it monthly.
Edin
Coming from the mustang side last year, it was amazing to see how all these young guys(high school and college students) had money for blowers, race seats, cages, heads or whatever. I just didnt understand where they got that kind of money to pay off a car loan AND get all these expensive parts installed on their cars. I'm sure I'm not the only one who would love to get work done to their car and be able to finance it monthly.
Edin
i havent personally seen any shops that finance. seems like it would be an ok deal though depending on the rate. however, i'd be willing to bet the rate wouldnt all that great as compared to a bank. at least, maybe there would be a 90day same as cash or something like that.
Thread Starter
Le Mans Master
Joined: Mar 2006
Posts: 8,721
Likes: 707
From: New York
Not everyone has money laying around to drop on mods. Financing mods is a great idea if you dont have the cash upfront. Besides, what do you think people that use their credit cards are doing?
Burning Brakes
Joined: Jul 2005
Posts: 1,174
Likes: 1
From: NOVA VA
So, picture paying off a car note + paying of a mod note + then having to pay to repair what broke since it wont be under warranty.
Last edited by lytmup; Mar 24, 2007 at 05:42 PM. Reason: name mistake
Team Owner
Joined: Oct 2004
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From: San Clemente CA
I charge everything I buy on my visa and I pay it in full every month. I do this because it's convenient and I earn air miles.
Safety Car
Joined: Jan 2006
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From: Miami FL
2020 C6 of the Year Finalist - Unmodified
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Le Mans Master
Joined: Nov 2002
Posts: 7,179
Likes: 2
From: Charlotte, NC
Interesting post, I saw financing offered on this website
www.performanceautowerks.com
It looks like it may be a credit card? But this is an interesting concept. Probably tough to do for a shop owner to finance someones project and have to wait for payment ect. these upgrades can be expensive and parts markup is small in most cases and labor are not cheap.. which is hard to justify financing a customer when they can get a credit card or a bank loan ect...
-=Rick
www.performanceautowerks.com
It looks like it may be a credit card? But this is an interesting concept. Probably tough to do for a shop owner to finance someones project and have to wait for payment ect. these upgrades can be expensive and parts markup is small in most cases and labor are not cheap.. which is hard to justify financing a customer when they can get a credit card or a bank loan ect...
-=Rick
Le Mans Master
Joined: Nov 2002
Posts: 7,179
Likes: 2
From: Charlotte, NC
I prefer to pay my cards off in full end earn cash back... hey the cc companies still take a nice chunk of every sale I process with them... so the small amount back is nothing but better then paying even more in interest.. Convience is not free... someone is always paying for it...
-=Rick
Team Owner
Joined: Jan 2004
Posts: 38,772
Likes: 621
From: Boston MA
St. Jude Donor '06-'07-'08,'12-'13
Race Director
Joined: Aug 2000
Posts: 10,649
Likes: 31
From: Central Florida
He wanted some lap dances but had no money.
So, he walked up to the club manager and asked to run 30-day tab for some lap dances. The manager did him a favor...and kicked his azzz.
Same with mods.
Ranger
So, he walked up to the club manager and asked to run 30-day tab for some lap dances. The manager did him a favor...and kicked his azzz.
Same with mods.
Ranger
Former Vendor
Joined: Aug 2005
Posts: 5,774
Likes: 0
From: Loganville GA
Interesting post, I saw financing offered on this website
www.performanceautowerks.com
It looks like it may be a credit card? But this is an interesting concept. Probably tough to do for a shop owner to finance someones project and have to wait for payment ect. these upgrades can be expensive and parts markup is small in most cases and labor are not cheap.. which is hard to justify financing a customer when they can get a credit card or a bank loan ect...
-=Rick
www.performanceautowerks.com
It looks like it may be a credit card? But this is an interesting concept. Probably tough to do for a shop owner to finance someones project and have to wait for payment ect. these upgrades can be expensive and parts markup is small in most cases and labor are not cheap.. which is hard to justify financing a customer when they can get a credit card or a bank loan ect...
-=Rick
Race Director
Joined: Mar 2007
Posts: 11,331
Likes: 18
From: Missouri City Texas
Good lord...how much do you plan on spending at one time where you need to finance mods?
That is a TERRIBLE idea.
Like it has been said...if you have to finance it then you can't afford it.
Save up some money for a while and then mod your car like everyone else does :P
That is a TERRIBLE idea.
Like it has been said...if you have to finance it then you can't afford it.
Save up some money for a while and then mod your car like everyone else does :P
Team Owner
Joined: Jan 2004
Posts: 38,772
Likes: 621
From: Boston MA
St. Jude Donor '06-'07-'08,'12-'13
Instructor
Joined: Jul 2006
Posts: 134
Likes: 0
From: Charlotte NC
The OP is not asking how to develop a fiscal budget or how he others in the forum would handle the situation. He is asking for the best way to get someone to lend him money for the mods - that's it - nothing more.
I have read a number of similar posts and it appears that there are a number of precocious people who can't quite seem to get over themselves.
Now that I have aired my frustration - try www.prosper.com. It may help.
I have read a number of similar posts and it appears that there are a number of precocious people who can't quite seem to get over themselves.
Now that I have aired my frustration - try www.prosper.com. It may help.
Last edited by ENERGY; Mar 24, 2007 at 07:16 PM.
Melting Slicks
Joined: May 2006
Posts: 2,891
Likes: 1
From: NJ..."the way I saw it, everyone takes a beating sometimes."
The OP is not asking how to develop a fiscal budget or how he others in the forum would handle the situation. He is asking for the best way to get someone to lend him money for the mods - that's it - nothing more.
I have read a number of similar posts and it appears that there are a number of precocious people who can't quite seem to get over themselves.
Now that I have aired my frustration - try www.prosper.com. It may help.
I have read a number of similar posts and it appears that there are a number of precocious people who can't quite seem to get over themselves.
Now that I have aired my frustration - try www.prosper.com. It may help.
Now that we're clear on that...
Your best bet is to just use a credit card with low interest charges if you are not going to be able to pay it off at the end of the month/statement. Other than that there's really not much you can do. I don't believe there are too many, if any shops willing to finance.
Originally Posted by C6400hp
If you need to finance mods you can't afford them. I don't know what else to say.
Pro
Joined: Mar 2007
Posts: 534
Likes: 8
From: Worcester MA
St. Jude Donor '07-'08
Good lord...how much do you plan on spending at one time where you need to finance mods?
That is a TERRIBLE idea.
Like it has been said...if you have to finance it then you can't afford it.
Save up some money for a while and then mod your car like everyone else does :P
That is a TERRIBLE idea.
Like it has been said...if you have to finance it then you can't afford it.
Save up some money for a while and then mod your car like everyone else does :P
Safety Car
Joined: Jun 2005
Posts: 3,989
Likes: 5
From: DFW This user does not support or recommend the product or service displayed in the ad to the right
If that is the case then just use a credit card. If you cannot get a credit card there is probably a reason for that. That reason probably has something to do with bad financial decisions like, oh I dont know, FINANCING MODS!