Direct debit for engagement ring

P

Pablo74

Registered User
Messages
218
Hi all,
When buying an engagement ring in Ireland, do the shops here let you pay by instalments or direct debit. I am looking to buy one and asking my girlfriend at xmas but would prefer to pay by instalments for a short period. The price of the ring wound be about €3000.
Would Jewellers provide this service ?
pablo74
 
Hi Pablo,
the answer to your question is - I dont know, BUT Id strongly advise you to phone your preferred jewellers and ask them in advance.
Good luck with the proposal!!
 
I'd say the direct debit is a no go. You could certainly pop into the store every so often and pay off over the counter.
 
why not get a one year loan and clear it sooner if you can?

Do you bank with Bank of Ireland - they have a new 2 in 1 credit card that lets you pay for items you purchase on your credit card by way of installment (at a reduced apr 7 or 8%). Check out their website.
 
In general consumers are much better off borrowing from banks or other lenders (not on credit cards) than availing of credit terms from shops, that are almost invariably much more expensive.
 
Many shops in the country towns allow you to pay by installment- ie you don't get the ring until it's all paid off but there would be no interest. However in general I would agree with Ubi and others in that it is usually better to go in with money in your hand ( from a bank or CU loan) because you can bargain down the price. I know, I'm such an old romantic...Actually on that point were you going to pick out the ring or let your ( hopefully) fiancee do it?
 
Re: Remortgage help!
Aren't you also having financial issues, would you noth think again about the cost of the ring and wait until you are more financially capable to get a better ring. The thing is you will have a wedding to pay for too...
 
pinkyBear said:
Re: Remortgage help!
Aren't you also having financial issues, would you noth think again about the cost of the ring and wait until you are more financially capable to get a better ring. The thing is you will have a wedding to pay for too...
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That's a bit harsh to describe a person who can't save much as "having financial difficulties"!
 
I don't think that's harsh at all. The other thread suggests that the original poster has significant debts even if they also own quite a bit of equity in their home. And they themselves also say:
Pablo74 said:
Once bitten twice shy, i have learnt from my borrowing mistakes and living beyond my means.
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and yet are looking to buy a €3K ring on credit...
 
I disagree, he appears to say that he already learnt from his mistakes. Having affordable borrowings is not the same as being in financial difficulties.
 
Stifster said:
Having affordable borrowings is not the same as being in financial difficulties.
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There's nothing in the original thread linked above to say that this is the case. I am assuming that they still have the mortgage plus the (presumably high cost) unsecured loans/CC bills.
 
ClubMan said:
There's nothing in the original thread linked above to say that this is the case. I am assuming that they still have the mortgage plus the (presumably high cost) unsecured loans/CC bills.
Click to expand...

There is nothing to say that it isn't the case either...or maybe

I am thinking about re mortgaging myself as over the last few months i find i am not saving very little
Click to expand...

I am assuming that the "not" was a typo. He wanted to free up money to save...
 
Hi all,
Can i clear up something here,
I am looking for a re-mortgage so i can pay off my cc,car loan and personal loan. This would free up at least 500 euro per month.
I only asked about the direct debit as an option of payment, but certain comments and links has changed the direction of the thread.
I am happy with some of the answers and pm's that i got, thanks to those who submitted them.
Maybe a MOD could lock this thread?
Regards
pablo74
 
Last edited:
OK - I think I was a bit misinterpated here -
When we got engaged I was in collage - so we bought a ring we could afford. 10 years on Mr Bear and I bought a really nice ring - put it this way better quality than my old one.
The Jeweler we spoke told us of a simular couple who also at the time of getting engaged were strapped for cash and now are getting one made for them selved 11 years on..
I didn't mean to come accross condensending or anything like that, in our household it is I that manages the money and I am always aware of ways that prevent us from getting in to unnecessary debt..
Pablo best of luck with the engagement, and many apologies if I offended you in anyway.
This would free up at least 500 euro per month
Click to expand...
Just be mindful you will have a wedding to pay for aswell....
 
Hi Pinkybear,
No offence taken just i thought the thread had headed off in the wrong direction. Thank you for your advise and keep up the good work.
Regards
Pablo
 
I agree with pinkyBear too. When myself and Mr.V got engaged I felt we should buy a relatively good engagement ring and while it certainly cost a lot less than the ones I hear about people buying now, looking back I believe I shouldnt have put that additional pressure on an already limited budget given that we were building our first home at the time and other circumstances. With the benefit of hindsight I think I woudl have gone for something like an antique ring ( often surprisingly good value), something that we could have chosen together that would have meant just as much and cost relatively little. And later, if I felt the need, we could have bought a more expensive ring. Although things like that seem very unimportant to me now and I don't think I'd bother. One of my brothers was on an even more limited budget when he got engaged to his now wife and he bought her a very simple silver band with a special inscription inside that he put a lot of thought into and TBH I think that probably means much more to his wife than my solitaire which spends most of its life in my jewellery box.
 
I spent more on the engagment ring than my wife expected me too. I took out a loan to get it as i had only just qualified and hadn't built up any real savings.

I doubt any shops would let you take anything away before it has been paid for.

and let her pick the ring (having given her a budget of €2.5k and then "stretching" to 3....)
 
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