Creative financing...

[Santiago]

I teach management in my spare time, and I see a big opportunity here for someone willing to finance mandolin purchases.

1) Work with dealers and the Cafe clissifieds, etc. to offer finance the purchase of fine handcrafted mandolins using the (insured) mandolin as collateral.
2) Charge customers a monthly fee billed as a generic household expense.
3) Contract terms: "If said customer misses two consecutive payments, creditor may inform customer's spouse of the item purchased, the total price, and the delinquency.
4) Then send me an application!

[mandroid]

Not exactly Creative like the banksters dream up,

Store holds onto item until incremental portions are up to selling price.
I bought my '21 A with a much longer [than normal 90 day] Lay Away plan ..
because I was frequenting the Shop for months,
as I worked (for a pittance) not far from the Music Shop ... personal relationships help.

No technology can replace that. ~o)

.. that was a long time ago .. the mandolin in question was priced at half
of what I would be charged to buy the same thing now.

[barry k]

To anyone that is selling any kind of instrument, and the potential buyer wants possesion of said intrument then poor mouths you and suggests monthly payments..................RUN......RUN AS FAST AS YOU CAN RUN AWAY !!!! oops did I overplay that a bit?.....it was intentional. I did it 2 times, it didnt work out. The second time I had to pay a luthier in Virginia $300.00 plus shipping to get my own mandolin back. The $300.00 was for a fret job that was done because the "buyer" wanted bigger frets and he never paid that guy either. Im sure im not the only one that these types of things has happened to.

[Big Joe]

That's why God created credit cards, banks, loan companies, 401K loans, etc. :) .

[Les Corley]

God did'nt create the creditcard that thing had to come from satan

[Bertram Henze]

Scheme like the banksters would like it:

1. go into a shop and make a photo of the mandolin you want.
2. organize a raffle for the mandolin on the internet, posting the photo, and offer tickets for $5 each.
3. when you sold 1000 tickets, decide on a winner and send him the photo.
4. when the winner complains, refund his $5.
5. take the remaining $4995 and buy your mandolin. :cool:

[allenhopkins]

Maybe sell "mandolin derivatives" based on the amount of money you're likely to make playing the mandolin, take the proceeds and buy the mandolin. Tell the derivative owners that due to the bad economic climate, you have to pay them back at 2¢ on the dollar, unless you get a government bailout. Offer ownership of the mandolin to the government, with the stipulation that you get lifetime use of it. At your demise (perhaps at the hands of angry derivative owners), the government can auction off the mandolin and use the proceeds to conduct a study of economic trends in the eight-stringed instrument market. And you won't have to worry about passing the mandolin on to your heirs (see current thread (http://www.mandolincafe.com/forum/showthread.php?59729-passing-down-your-mandolin)).

[fishtownmike]

God did'nt create the creditcard that thing had to come from satan

I don't even think Satan is that evil.

[Mark Seale]

"The most powerful force in the universe is compound interest" - Albert Einstein