*****Fast Intentions "Twin Turbo Kit" is here*****

Nixlimited

Financing makes me nervous for FI. It's certainly awesome that FI is working to provide options for people, but if people can't afford the kit in the first place, they shouldn't finance it. Seems to leave FI holding a lot of risk.

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elperuano

Imagine if the motor blows before they finished paying it off???

Dzel

Through financing FI will get there money from whomever as soon as you sign that dotted line. The person financing is the one taking the risk. Say you purchase something at the price of 10k. If you have no interest at all and set up a 36 month contract your looking at a monthly bill of $277. Personally I plan on putting more than half down and maybe financing the rest. Leave me some leg room for the install and tuning. Then again I might wait till I can pay it off in full and not have to worry about another bill.

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elperuano

I think they should allow payments made towards the FI kit. Less messy. Then once all paid in full, send out the kit.

theDreamer

That is called layaway, which they do offer.
I can imagine the finance might be through F.I. but you might have to meet certain requirements to do so to help cover the company.

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fuct

financing a TT kit is like getting a loan so you can gamble in vegas.

(not exactly, but close)

Mr&Mrs

I think it should be a minimum of half down to finance that way they recoup the bulk of their investment immediately.

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fuct

id guess a third party would be handling the loan. so that FI isnt stuck holding the bag when you stop paying the loan.

its like spending 10k on a credit card. they dont come take all the stuff back, your just left with horrible credit. same thing here most likely.

DEpointfive0

Lol, looks like you haven't been to Vegas much
It's called a "marker" granted you have to be pre approved like a SOB, but there are loans to lose your money in Vegas, lol

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fuct

no, i dont go often..

DEpointfive0

I'm messing brother, I actually got a hell of a laugh from your post because it's awesome to me that Vegas gives you money to lose
(Btw, I don't go often either, and god knows I don't have enough money or credit to get a marker from any casino)


Back on topic: Yay for financing? I'm sure this is something Tony is still working out, and if everything works out, it's pretty legit

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Dzel

I am very interested on what the APR is going to be. And who is doing the financing cause I was dumb and young at one point and damn near ruined my credit. 10 years later after 10k and a lawyer and almsot tripling my credit score to almost perfect there are some things I still can't get accepted.

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Mr&Mrs

Your correct but if they start losing money "the creditors" or fighting to get their money from a small operation it may be an option that does not last long.

I just hope people are still smart about it, because bad things can happen with FI (forced induction). I do not think F.I has motor rebuilds to finance as well.

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tower74

Just guessing since it's going to be product that will lose its value rather quickly after being installed, I'm going to say around 14-15%. That's just a guess. I expect it to be high to try to gain back the cost of the devalue of the kit but trying to repo a kit would be near impossible.

elperuano

Taking a loan to put a turbo kit onto a car most people r still trying to pay off that loses value very quickly and that also doesn't include many other items you will need to make it as safe as possible??

I hope people have their priorities straight!