{"id":461852,"date":"2015-08-28T10:45:24","date_gmt":"2015-08-28T14:45:24","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=461852"},"modified":"2015-08-28T10:45:24","modified_gmt":"2015-08-28T14:45:24","slug":"financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/","title":{"rendered":"Financing Sneakers is an Option, But it Will Cost More in the Long Run"},"content":{"rendered":"<p>Recently, Flight Club and AFFIRM made news over their partnership that would allow sneakerheads to finance purchases. The feedback was mixed as obviously sneakerheads would like assistance\/other avenues to buy high-priced kicks, but is financing a pair of shoes actually a good idea, simply put, financially?<\/p>\n<p>The good folks at <a href=\"http:\/\/solecollector.com\/news\/flight-club-sneaker-prices-financing\/\" target=\"_blank\">Sole Collector<\/a> put together a guide examining the original retail price of a sneaker versus Campless calculated value versus total money paid using a variety of Flight Club financing plans. It sheds good light on how much a sneaker will cost in total over the course of the plan using the rates of 10%, 20% and 30%. (Note: A 30% rate is astronomically high.)<\/p>\n<p>For those new to the concept of financing, it basically allows you to purchase and possess an expensive asset by making many periodic payments as opposed to one large payment.<\/p>\n<p>As a general rule, financing is best for big, NECESSARY purchases that are set to get a lot of use (example: car) and ideally have appreciating value (example: house). It&#8217;s a bit of a catch-22 when it comes to sneakers. A grail status sneaker may have appreciating value like a house, but that&#8217;s only if you don&#8217;t wear it. Even if that&#8217;s the case, it&#8217;s still a gamble. For the buyer, an attribute of financing a purchase is the ability to build a good credit score so that you have the ability to have a longer line of credit on future purchases. At this moment, it&#8217;s uncertain if the system introduced to finance sneakers will actually influence a buyer&#8217;s credit score.<\/p>\n<p>Basically, financing a pair of sneakers may be an option, but in most cases it&#8217;s not worthwhile. Sneakers are not a necessity like, say shelter, or in some cities, transportation, so they&#8217;re really not a purchase that deems financing. With the current aftermarket, there&#8217;s plenty of buy\/sell\/trade opportunities (and if you do meet up to buy sneakers, always do it in a public, safe place).<\/p>\n<p>Lead image via <a href=\"https:\/\/stateimpact.npr.org\/florida\/2012\/06\/29\/fcat-administrators-pay-big-money-to-lobby-legislators\/money-stack\/\" target=\"_blank\">State Impact Florida<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, Flight Club and AFFIRM made news over their partnership that would allow sneakerheads to finance purchases. The feedback was&hellip;<\/p>\n","protected":false},"author":2415,"featured_media":462057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financing Sneakers is an Option, But it Will Cost More in the Long Run | Snkrs Day<\/title>\n<meta name=\"description\" content=\"Where to buy Financing Sneakers is an Option, But it Will Cost More in the Long Run shoes. 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Snkrs Day has release dates, prices, and where to find Financing Sneakers is an Option, But it Will Cost More in the Long Run for sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/\" \/>\n<meta property=\"og:site_name\" content=\"Snkrs Day\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/NiceKicks\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-28T14:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.snkrsday.com\/files\/2015\/08\/financing.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ian Stonebrook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@snkrsday\" \/>\n<meta name=\"twitter:site\" content=\"@snkrsday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ian Stonebrook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/\",\"url\":\"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/\",\"name\":\"Financing Sneakers is an Option, But it Will Cost More in the Long Run | Snkrs Day\",\"isPartOf\":{\"@id\":\"https:\/\/www.snkrsday.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.snkrsday.com\/financing-sneakers-is-an-option-but-it-will-cost-more-in-the-long-run\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.snkrsday.com\/files\/2015\/08\/financing.jpg\",\"datePublished\":\"2015-08-28T14:45:24+00:00\",\"dateModified\":\"2015-08-28T14:45:24+00:00\",\"description\":\"Where to buy Financing Sneakers is an Option, But it Will Cost More in the Long Run shoes. 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