Engagement Ring Financing. Should I finance, use layaway, or pay cash?

Engagement Ring Financing

Should I finance the engagement ring?

Should I finance the engagement ring?

Is financing or layaway for an engagement ring or jewelry available and should I use it?

The answer to the first question is yes. Most jewelry stores offer financing and from what I see it is easy to get approved.

When considering financing, mind the interest rate, and length of time the interest is locked in for, or better yet, if the rate is deferred at 0%. A lengthy and low deferred interest rate gives, an individual who has savings, the ability to invest that money elsewhere all while obtaining the ideal engagement ring. It also can greatly assist you in obtaining a great looking diamond without breaking your bank.

Keep mind that a 12 month 0% deferred interest rate usually comes with the understanding that if not paid in full within a year, then the entire original balance will incur interest at the higher %, no matter how much remains of the original balance. The same goes for being late on a payment or missing a payment. You don’t want this.  I know from making the mistake myself in the past. Always remember that credit card and financing companies are trying to make a profit and little mistakes such as this are how they do it. So, make sure that you keep up with your bill cycle. Auto pay is something I highly suggest.

LAY AWAY

Lay away is back and in a big way! If worried you will miss payments, go with layaway. Most stores offer the option of layaway and guarantee the price of the piece will not increase while on the terms of our layaway plan. This makes buying jewelry and diamonds easy and worry free.

If you have any questions about layaway or financing, give me a call or send me an email

Patrick White

256-777-6269

@pdwhite10

Video

How to remove tungsten wedding band

How to remove tungsten wedding bands, band?

If purchased from, once removed from the finger, simply bring the pieces to our store and your tungsten band with be replaced at the cost of shipping. The same goes for a scratch, and even the need of a new size. Lifetime replacement less shipping. Go with the true tungsten alloy. Very few companies offer this warranty because they do not have the right to use true tungsten alloy, rather a less durable and lower quality version of it.

Patrick White

256-777-6269
@pdwhite10