What card would you arrange financing to buy?

[parkplace33]

None. Save up and buy it later.

[ALR-bishop]

0

[G1911]

None. I’m not going into debt for a cardboard picture. I don’t buy anything I cannot afford. No more than a small fraction of cash on hand should be spent on toys.

Good luck to those who bet more than the entirety of their resources on a card bubble.

[Johnny630]

If you're thinking about financing a card. It might be a better idea to sell every card you have in order to buy the card you so want. If you have to finance a card you cant afford the card. Sell what you have and then use the funds to buy.

[Gorditadogg]

Originally Posted by Johnny630

If you're thinking about financing a card. It might be a better idea to sell every card you have in order to buy the card you so want. If you have to finance a card you cant afford the card. Sell what you have and then use the funds to buy.

Agree 100%

If there is a deal so good you are willing to go into debt for it you are probably getting scammed.

Sent from my SM-S906U using Tapatalk

[jingram058]

Originally Posted by G1911

None. I’m not going into debt for a cardboard picture. I don’t buy anything I cannot afford. No more than a small fraction of cash on hand should be spent on toys.

Good luck to those who bet more than the entirety of their resources on a card bubble.

What he said +1000. If you can't afford it, you don't need it.

I now believe I have reached a significant personal milestone...1,000 net54baseball.com posts! Yee ha!!!

[Kzoo]

Originally Posted by G1911

None. I’m not going into debt for a cardboard picture.

My wife refers to my collection mostly as 'pictures of old, dead men on cardboard'.

[G1911]

Originally Posted by Kzoo

My wife refers to my collection mostly as 'pictures of old, dead men on cardboard'.

That’s how I describe it too. A little cognizance of the absurdity of the things we happen to like helps to keep things in perspective and not take it so seriously that one drains their retirement, goes into debt, or trades their first born to Satan.

[jcmtiger]

Never.

[gonefishin]

Buying - absolutely never happen - never in the past - never in the future.

Selling - maybe I would accept payments if I've known them for a minimum of my entire life.

[raulus]

Originally Posted by G1911

That’s how I describe it too. A little cognizance of the absurdity of the things we happen to like helps to keep things in perspective and not take it so seriously that one drains their retirement, goes into debt, or trades their first born to Satan.

So I take it you're not a fan of the Little Mermaid selling her soul to the devil to fundamentally change who she is to chase after a boy she's never really met?

But maybe love is more important than cardboard!

[G1911]

Originally Posted by raulus

So I take it you're not a fan of the Little Mermaid selling her soul to the devil to fundamentally change who she is to chase after a boy she's never really met?

But maybe love is more important than cardboard!

As an expert on relationships*, that sounds like a perfectly healthy foundation to me. What could go wrong? If she changes herself to always be what he wants, she’ll never lose him!



* Do not ask for evidence or credentials.

[GasHouseGang]

Originally Posted by raulus

So I take it you're not a fan of the Little Mermaid selling her soul to the devil to fundamentally change who she is to chase after a boy she's never really met?

Now I'm going to have to watch Little Mermaid. That's what it's about?

A big zero

[LEHR]

I've made payments on items several times over the years but I've never paid any interest, and wouldn't.

[Hirbonzig]

No debt on cards. Have a card budget and stick to it. The temptation is to strong to go wild and get in trouble.

[butchie_t]

I love my wife, I love my life. None!

[raulus]

Man.

After all of our marvelous disputations about cashing out your 401k to buy cardboard, I figured there would be more takers here.

Plus you’ve got all of the new fancy vaults with their lending features that seem so enticing to lever up to buy some exciting pieces!!

Naturally, I’m in the “no bloody way” camp.

[skelly423]

I've bought cards on my credit card, but never spent so much that I can't pay off the card in full before the next payment is due. I don't think I could ever get to a point where I'm stretching payments over multiple months to buy a card.

Because every thread deserves a card, here's one that would at least make me pause and think about it

[sb1]

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

[Johnny630]

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Absolutely correct!!

[jingram058]

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Yeah, sure. If you're one of the beautiful people of the (so called) "hobby" at that lofty level. I came to the conclusion I wasn't in that club when reality set in long, long ago. So go ahead and sell me one of the "best cards". When I can't pay up, Johnny Two Times and his ball peen hammer will pay me a little visit.

[raulus]

Originally Posted by sb1

Higher end cards transact privately with different payment terms quite often. Some of the best cards are bought and sold among the collectors this way. Not CC, no interest, just payment terms among friends/collectors/dealers.

Okay. Probably not quite the same, but I did have a transaction that I paid in two payments over a couple of weeks. However, my motivation was simply to drive down the individual payment amount to drop below the threshold triggering my wife’s reporting requirements.

[G1911]

Originally Posted by raulus

Man.

After all of our marvelous disputations about cashing out your 401k to buy cardboard, I figured there would be more takers here.

Plus you’ve got all of the new fancy vaults with their lending features that seem so enticing to lever up to buy some exciting pieces!!

Naturally, I’m in the “no bloody way” camp.

I’m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can’t afford was a “yes!”. You’d think that kind of “everything all in on cards” mentality would produce a yes to both, or if common sense is applied a no to both.

[parkplace33]

Originally Posted by G1911

I’m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can’t afford was a “yes!”. You’d think that kind of “everything all in on cards” mentality would produce a yes to both, or if common sense is applied a no to both.

So I think the retirement question was a yes is because technically, you own that money and are not in debt to something.

[BobC]

Originally Posted by parkplace33

So I think the retirement question was a yes is because technically, you own that money and are not in debt to something.

Exactly! If you're working and using money you earned to buy cards, that is using after-tax money as well. Money you put into your 401K just hasn't been taxed yet, so what really is the difference, other than the timing of when you pay the tax on that money that you earned and is yours?

[Lorewalker]

Originally Posted by G1911

I’m at a loss as to why the answer to debt is a resounding no but the answer to draining retirement accounts and taking a huge tax hit to buy cards one can’t afford was a “yes!”. You’d think that kind of “everything all in on cards” mentality would produce a yes to both, or if common sense is applied a no to both.

Makes ya wonder if the food chain diagram needs to be redrawn, no? Humans are simply amazing.

To the OP, I would never finance a card purchase, liquidate a retirement account or use funds earmarked for another purpose to purchase a card.

[bnorth]

I have personally made deals that included me making a few payments over a couple months. I have also sold cards the same way. I have only done this with a few people I have known in the hobby for several years.

[mrreality68]

Originally Posted by bnorth

I have personally made deals that included me making a few payments over a couple months. I have also sold cards the same way. I have only done this with a few people I have known in the hobby for several years.

+1 Agree

I have done it both ways multiple times with people I met in the hobby and/or on this forum

[Leon]

Terry Knouse Sr. sold me some great stuff (Just So etc..) around 2000, at a National. I didn't have the money at the time but had a great outsides sales IT job and knew it would be coming in. I asked if I could pay him for around 16k in cards, in 90 days. He said sure, take as long as you need to, and gave me the cards to take home. I think I repaid him in one month. Again, I believe that was the first time I ever met him. But to answer the question, no.
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