Guitar Guitar R9 sale - Anyone getting excited about these

Whitecat

guitars4you said:

hyperben said:

More than one dealer has offered me R9s at £3300 if bought outright. The finance obviously costs them money despite being marketed as 0%, so there are still discounts to be had if prepared to pay that way. This was enough to persuade me to buy an R9.

I know how the 0% finance works for the dealer - But isn't it illegal to offer a lower price if you buy it without the 0% agreement - That is effectively saying it isn't 0% - Sure someone has better knowledge on this than me but dealer should be careful 

Discounting “for cash” is not illegal... the agreement is still 0% should they choose to pay with finance. 

Brize

guitars4you said:

I know how the 0% finance works for the dealer - But isn't it illegal to offer a lower price if you buy it without the 0% agreement?

Err... no!

Twinfan

The dealer has to pay the finance company for the contract I think, so the cash discount is only to match the price the delaer gets from a finance deal.

guitars4you

Whitecat said:

guitars4you said:

hyperben said:

More than one dealer has offered me R9s at £3300 if bought outright. The finance obviously costs them money despite being marketed as 0%, so there are still discounts to be had if prepared to pay that way. This was enough to persuade me to buy an R9.

I know how the 0% finance works for the dealer - But isn't it illegal to offer a lower price if you buy it without the 0% agreement - That is effectively saying it isn't 0% - Sure someone has better knowledge on this than me but dealer should be careful 

Discounting “for cash” is not illegal... the agreement is still 0% should they choose to pay with finance. 

surely that means that £3300 then becomes the 0% finance option as well - Otherwise the consumer is paying a fee for the finance in some form or another

Twinfan

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

guitars4you

Twinfan said:

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

I'm rusty on this now as I don't offer such options - the finance company need a serious commitment from the dealer to offer such deals, so not for me - By all means on a one to one the dealer/customer can talk, but I'm pretty sure that somewhere in the terms, according to citizens advice etc that you can't differentiate a cash deal from a 0% finance deal

Yes the dealer pays a fee to the finance company, but I'm sure you can't effectively offer a 2 tier pricing by the letter of the law

Musicman20

Surely in 2018, the best bet is to just get a quick 0% interest credit card, with all the protection they hold, and buy like that?

I used to do that, more so when I had almost enough to get a new guitar, but liked the fact I had protection. Nowadays, I keep myself as far from 'borrowing' as possible. 

crunchman

Twinfan said:

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

I think we need to define our terms here.  When we say cash, it's likely to be a card.  I doubt anyone is actually putting 165 £20 notes on the counter.

It would be illegal to give a cheaper price to the guy with the £20 notes than the guy with the card, but as far as I know, it's not a problem when you are talking about finance versus paying up front.

hyperben

guitars4you said:

Twinfan said:

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

I'm rusty on this now as I don't offer such options - the finance company need a serious commitment from the dealer to offer such deals, so not for me - By all means on a one to one the dealer/customer can talk, but I'm pretty sure that somewhere in the terms, according to citizens advice etc that you can't differentiate a cash deal from a 0% finance deal

Yes the dealer pays a fee to the finance company, but I'm sure you can't effectively offer a 2 tier pricing by the letter of the law

I’m not really sure to be honest. I always ask for the best price knowing there’s a good chance of a deal when 0% is offered as 0% is never really 0%. From the dealers I spoke to I sensed they were more keen than usual to sell me an R9 and offer a good price, perhaps due to high stock levels and low sales of R9s...?

Whitecat

From https://www.google.co.uk/amp/s/www.moneyadviceservice.org.uk/en/articles/in-store-credit-and-hire-purchase/amp -

“The best alternative to in-store finance, unless it’s 0% finance, is to purchase the goods with money you already have - in some cases you might be able to negotiate a discount for cash.”

This is a government-backed advice service... lawyers will have been over that text, we'd hope.

Whitecat

crunchman said:

Twinfan said:

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

I think we need to define our terms here.  When we say cash, it's likely to be a card.  I doubt anyone is actually putting 165 £20 notes on the counter.

It would be illegal to give a cheaper price to the guy with the £20 notes than the guy with the card, but as far as I know, it's not a problem when you are talking about finance versus paying up front.

Between the % skimmed by the bank to deposit and the cost of the time involved it ends up costing more to handle large amounts of cash nowadays than it does to take a Visa or a Mastercard anyway.

No processing fees allowed anymore either thanks to an EU directive, although in the MI industry that wasn't commonplace anyway.

Whitecat

TheGASMan said:

hyperben said:

Coda have a really nice R9 at a good weight. Surely won’t be long before someone snags this one

https://www.coda-music.com/gibson-custom-shop-2017-1959-les-paul-standard-flametop-iced-tea-97822.html

The ones at Kenny’s look nice too.

Hands off that's mine if I can stop faffing LOL

It's gone... was that you???

mli3

wow they have 61 still left... surely that'll take a while to clear out

Hattigol

horse said:

Hattigol said:

Am I the only one not even remotely tempted to go and spend £1,000 more than the cost of an R8 on an LP just because it has some flaming on the body?

 Sounds like sour grapes to me. 3.5k isn't a lot of money to many people.

(I'm joking - just echoing the similar comments in response to discussion on dropping 2.5k on an r8) :-)

Those comments were indeed made. Possibly even by me!

Think I'm lucky though in that I don't actually like flamed guitars. Leave that stuff to PRS. Wouldn't change a thing about my R8...

https://i.imgur.com/T4fI2kx.jpg

guitars4you

Whitecat said:

crunchman said:

Twinfan said:

No, the customer can take finance at 0% with a price of £3499.  If they're paying cash, it's £3300.  Two prices for two different payment methods.

I don't think that's illegal, but I'm no expert.

I think we need to define our terms here.  When we say cash, it's likely to be a card.  I doubt anyone is actually putting 165 £20 notes on the counter.

It would be illegal to give a cheaper price to the guy with the £20 notes than the guy with the card, but as far as I know, it's not a problem when you are talking about finance versus paying up front.

Between the % skimmed by the bank to deposit and the cost of the time involved it ends up costing more to handle large amounts of cash nowadays than it does to take a Visa or a Mastercard anyway.

No processing fees allowed anymore either thanks to an EU directive, although in the MI industry that wasn't commonplace anyway.

certainly - it costs me more to pay £3k cash into the bank then it does to process £3K into my account via a debit card payment

TheGASMan

Not me buying the Coda - guitar Aah well maybe another will attract my attention

johnl

For those still on the fence - looks like there's a rather flamey Iced Tea R8 at GG....

https://www.guitarguitar.co.uk/product/180814331292008--gibson-custom-shop-les-paul-standard-1958-figured-top-iced-tea

Hattigol

johnl said:

For those still on the fence - looks like there's a rather flamey Iced Tea R8 at GG....

https://www.guitarguitar.co.uk/product/180814331292008--gibson-custom-shop-les-paul-standard-1958-figured-top-iced-tea

Gone.

not_the_dj

johnl said:

For those still on the fence - looks like there's a rather flamey Iced Tea R8 at GG....

https://www.guitarguitar.co.uk/product/180814331292008--gibson-custom-shop-les-paul-standard-1958-figured-top-iced-tea

Gone in a flash

roberty

Under 20 minutes... there does seem to be something special about the £2.5k price point