Buying a guitar with PayPal Credit

Parker

There is currently a guitar I’d like on EBay. I can’t afford it as a one hit cost, so looking at PP Credit option. I have a £3k credit limit on my account. Does anyone know if this option is available on all EBay transactions once you click Buy It Now, or only on selected goods? I don’t want to mess the seller around by finding out the hard way!! Thanks 

GoldenEraGuitars

Can you pay it off within 4 months? It’s interest free for the first 4 months I believe then it jumps to 17.9%. As someone who has spent a long time paying off a lot of bad debt I’d add the 17.9% onto the price and see if it still looks attractive. 

To answer your question I think when you go to PayPal to finalise payment it will prompt you with paying from your balance or your credit. It’s constantly trying to get me to pay using my credit which is a PITA. I pay all of my suppliers via PayPal so I have to bypass it every time.

Parker

Thanks.

Its a great price. Assuming the 17.9% is an APR, so was thinking I’d stretch my payments out to 6 months and calculate about £40 over the two months. 

Hick81

As long as the guitar is from a UK seller you can pay with PP credit. It won’t let you (or didn’t with me) if you’re buying from USA for example 

rossi

My PP credit is 12.9%APR.i havnt used much of it though ,its handy if you see something and need to buy it quick as its a bargain ..

Sparky

If you can pay it off within the interest free period it's a no brainer. Otherwise don't get sucked in.

Kalimna

Perhaps, if you are thinking of purchasing a guitar on credit, then a credit card with a long 0% period (and well exercised control of further spending) might be a better way to go? However, if time is critical (as it might be on eBay), this might not work.

prlgmnr

I think it shows up under "Payments" on the item description if it will be available.

Or to put this another way, I think it doesn't show up under "Payments" on the item description if it ISN'T available.

Also, if you click "Buy it Now", but then can't complete check out because your preferred payment method isn't an option, the seller will never know.

SimpleSimon

Remember that interest is calculated when you took the loan out not when the free period expires 

TeleMaster

As Prlgmnr says, If you hit buy it now it’ll ask for your payment options, then you just cancel. 

Normally anything bought using PayPal in the UK can be bought with credit. 

Didnt realise it it could up that much! I’m on £1200!

BloodEagle

Don’t get into debt for the sake of a guitar lads 

gibsongretschfan

BloodEagle said:

Don’t get into debt for the sake of a guitar lads 

This should be an insta ban. I come here looking to get talked into buying that £4K R9 I played in the shop that day, not talked out of it. That’s the wife’s job!

guitartango

I take it that the guitar is real and not a fake ?  Do you have a link to the guitar ?

Winny_Pooh

BloodEagle said:

Don’t get into debt for the sake of a guitar lads 

Posts sexy guitar pics and puts fuel on the GAS fire..... then runs away.