Buying HiFi at credit, anyone?

It would be nice to come back to the thread - Audio at credit- and not continue with some DOs-DONTs of how to manage personal finance as this is...hum..personal and frankly, discretionary.
I just wanted to see if some folks who buy $20,000 speakers always pay cash or if they consider this purchase to be as worthy as a $20,000 car that is financed over 60-month.

Kennyt:

I would tend to agree with you, hard to believe than in Creditland where consumption is King, no-one buys Hifi gear at credit when 90% of car owners do it for their cars, either leasing or financing.....Apart from Musical Fidelity, there are no Hifi gear that depreciate as much as a good ol' Detroit car!!! Time to tell the truth guys.....

an intelligent manager of personal finances would always pay cash

Remind me which business school you went to or who's managing your finances? paying cash is one of the most certain way to building no asset and eventually going broke. An intelligent manager of personal finance uses credit and investments with finesse(such as taking a mortgage and contributing into retirement savings). The "cash" reflex is a great way to build a nation with trillions of dollars of debt.

Tbooe, exactly, which is why I would have expected that some folks would come forth and, like me, admit that some audio purchases have been made with a little too much optimism about future revenues!!! never enough to put me in trouble but a few thousands bucks, certainly. I do not regret a penny of it and am currently audio-debt-free (not for long!).

The other part of the thread that kind of went unnoticed is the total cost of buying what one can afford instead of what one wants...and trade up and up and every time lose some money..it ends up being a disguised interest rate that far exceed some going rate on line of credits. A hidden cost of being "reasonable".

Oh...this is what you meant by "paying cash"...I am sure that everybody else had decoded what you REALLY meant!!!!!!!! tks for the entertainment.

Chad:

I do not think Visa is the way to go for a pair of VS...I would ask Albert to finance you so if he goes into the red, you are covered!!!!

Gjames: I think that sums it all, tks. Personally, as to close this thread (at least for me), I am willing to finance up to next year's half-bonus. If it comes in, I have enjoyed my gear one year earlier for a mere rate that I call "cost of living happier", if it does not, it does not take food or shelter away from my family. Just that my wife will have to clean the house and both cars herself for one year to absorb my loan - no big deal, to me at least. Oh, and cut the lawn and shovel the snow for a year too, that keeps her in shape and save on the gym membership. win-win.