Financing gear??
do you guys Finance your gear or do you buy it outright? I am mainly talking about the pricier items like those cdj’s you own or that fancy collection of analog synths 
I have always bought my stuff outright, but Financing seems like an option for the pricier bits
Normally I purchase my gear outright but most of my gear isnt that expensive but Ive been giving the thought of financing a DJM or S8 some thought.
Cash 
Cash.
In the mid-90’s I took advantage of some “12 month Zero interest” financing that was offered “in store.” In that case, as long as you are REALLY good about paying a few days early, that can work out to your advantage. Given the interest rate that I am paid for my savings, and the interest rate that I am charged for borrowing, I can not see doing that again in the foreseeable future.
Cash.
To me, gear isn’t worth going into debt for, especially with the fact that nothing seriously new has come out in years.
i like to finance the larger items, even though i have the money to outright pay for it. It helps build credit and also keeps a higher cash balance in your accounts, which is always beneficial. but i only have one major credit card and a bank card, so opening up another line of credit doesn’t negatively affect me.
but you have to be on top of your payments, because that 30%+ compounding interest rate is going to hurt a lot. the creditors (usually not the retailer, GE financing/capitol one) are hoping that you do this, which is why the penalties are usually very swift and stiff.
Just be responsible if you do end up going that route don’t buy high quantity, but rather high quality items.
Ive financed gear n the past. Just pay it off quick. if you cant pay it off in 3 months or less, you really cant afford to buy it anyway.
I pay with an AmEx card and pay it off each month.
Made the mistake back in late 90’s and got a loan that took a few years to pay back most of that stuff can’t be used anymore because of computer upgrades and dropped port support over the years.
Now if I really want something and I don’t have the money I have 2 choices. 1. don’t buy it 2. put some gig money aside and get it later if I still really want it.
I finance most things just to build credit. Im SUPER anal about never missing a payment or getting behind. I was actually just approved at guitar center for a large amount and I was going back and fourth on a new PA…
My full Pioneer setup was paid cash. I never get into debt for anything, including cars unless it’s a house.
THIS ^ If only i could afford to do that on a musicians salary lol
I know I am getting new turntables soon but I am going to use my mixer for the next for or five years even if I could afford a better one.
Cash. Or, do the no interest deal and put the payments on auto pay and make sure it gets paid off before the end of the promotion so you don’t owe the back interest. Just don’t spend more than you feel you can make payments on. 
I finance new gear with income from my gigs. My dayjob salary is enough to get by on, so I put aside most of the gig income to finance gear / have for a rainy day if gear gets busted etc.
smart
This x 100 … If you can not see yourself paying off what you have financed, you are in for a world of hurt.
NEVER finance if your buying as a consumer, i.e. DJing/producing is your hobby.
If it’s your job (i.e. you’re actually making a living by making/playing music) financing is a legit option imho, as long as you’re generating enough cash from it you not get behind on payments. This means e.g. that if you’re paying $200 a month for a pair of CDJs, these CDJs must bring in $200 more than you would be making without them (or, to put it in ‘business speak’, the return on investment on must be positive).
There’s one exception for the “don’t finance if buying consumer goods” rule, though. If you could afford pay cash and there’s a “no interest” offer, you can use that offer to save your cash and build up a positive finance track record at the same time.
Lowend gear is so good these days, there’s no reason not to start on the cheap stuff, and upgrade as cash allows.
Source: guy who bought a full nexus setup, AND THEN bought an x1…and sometimes wishes he would have just bought an x1.
Unless your gigs are paying for your gear, just pay cash. Extra 500 hours a week at the Walmarts or wherever you work