Custom Bats Cricket Forum
Equipment => Your Kit => Topic started by: six and out on January 30, 2016, 10:28:05 AM
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Hi all,
Just saw this, think it could be the end of me!
http://www.allroundercricket.com/finance (http://www.allroundercricket.com/finance)
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Haha i thought about it yesterday, 10% deposit minimum spend of £275... About 20ish quid minimum a month! Bargain for a brand new bat!
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That would be if the correct order arrives, or arrives....
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Good thing to see happening really, probably shift more pricey kit
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I hope they have got a licence for lending
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What happens if the bat breaks and it needs returning etc? If it's not been paid off in full is it replaced with a new one?
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Yep, what the world needs, more idiots in debt
The nation is built on it, can't change it. Retail would die without credit
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I hope they have got a licence for lending
They'll be using an outside company to provide the finance. I do like how they have the audacity to say that you can apply for up to '£10,000' to spend on equipment - idiots
The shame is that there will be plenty that go and spend £1000+ on kit now when they can't necessarily afford it
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I'm sure it would survive on its massive markups.
If you say so
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Well this certainly won't help cure CBF Forumitis.
Maybe someone should call Bob Geldof?
In all seriousness though, it may well be 0%, but if you can't afford to drop £400 on a new bat in the first place, the interest rate would be the least of your worries when the repayments start.
I bet the mortgage company take a dim view of people missing payments because they don't want to give the bat back!
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Still haven't received an order I placed early Jan, worst service I have experienced from an online retailer, I wouldn't risk it personally
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Popped in after a test match, never ever again. Terrible.
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In all seriousness though, it may well be 0%, but if you can't afford to drop £400 on a new bat in the first place, the interest rate would be the least of your worries when the repayments start.
0% finance is a no brainer! Can have the product and not have to save up for it, spreading the cost without an increased cost. So £400 on day one or roughly £30 out of the next 12 paychecks I know what option I'd take.
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0% finance is a no brainer! Can have the product and not have to save up for it, spreading the cost without an increased cost. So £400 on day one or roughly £30 out of the next 12 paychecks I know what option I'd take.
Great if you get the item, these were only socks, but for interest free your probably looking at a decent bat and or quality softs, not worth the risk with this company IMO, too many mentions of bad form with these and Discount Cricket Outlet (same co). But if you want to take the risk, go for it
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As far as i remember the customer service i got when trying to get a quote for teamwesr was awful.
Forever pesting me every day for a week!
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Well this certainly won't help cure CBF Forumitis.
Maybe someone should call Bob Geldof?
In all seriousness though, it may well be 0%, but if you can't afford to drop £400 on a new bat in the first place, the interest rate would be the least of your worries when the repayments start.
I bet the mortgage company take a dim view of people missing payments because they don't want to give the bat back!
I'm struggling to see your point. And as i work in financial services i like to think i have a fairly good grasp of the concept of loans, interest rates and repayments.
If you can't afford to drop £400 on a bat then a £40 deposit and spreading the £400 over 12 months seems a good idea. You get your new kit (well you may or may not receive it from Allrounder) and get to pay it off in affordable instalments, which theoretically makes cricket more accessible to the masses.
What I am interested in is non-payment, if you don't pay off your mortgage your house (an asset that holds it's value) is repossessed. If you don't pay back your bat loan do the bayliffs come round and take it back? The value of a bat basically freefalls so i'm wondering what the loan is actually securrd against.
I'm also curious if you get the same warranty as a customer who pays in full. This is a good idea in theory but could be a minefield.
And on that note I'm just off to buy £10,000 worth of kit on a 12 month finance deal ;)
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This is a disgrace, all rounder sell massively over priced bats, paying by finance should not be encouraged.
Your buying a bat, not a car or a house
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I'm struggling to see where the profit is in selling gear on finance, seems like too much risk for little reward as far as i'm concerned.
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This is a disgrace, all rounder sell massively over priced bats, paying by finance should not be encouraged.
Your buying a bat, not a car or a house
People buy alot of kit on credit cards its no different
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The world lives on credit. I doubt there are more than a few people on here alone has don't have credit to their name, mortgages, cars, loans, credit cards, business loans, business cars, business accounts they don't pay upfront for.. All credit
I'm not saying I like the idea of encouraging credit because actually, the world would be better if no one had it and everyone had to save first.. However, that would destroy companies, people and the economy would fail pretty darn quick.
It's a great idea for the customer as long as all normal warrentys are covered, as a business you might be taking on more risk but if it means you are shifting 10000 units per year rather than 3000 (figures wildly made up) then your source cost would decrease, profit rise per unit and so offset any losses due to non payment. I can only assume it'll be like any credit/finance deal in that it's a personal unsecured one.
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I'm struggling to see your point. And as i work in financial services i like to think i have a fairly good grasp of the concept of loans, interest rates and repayments.
If you can't afford to drop £400 on a bat then a £40 deposit and spreading the £400 over 12 months seems a good idea. You get your new kit (well you may or may not receive it from Allrounder) and get to pay it off in affordable instalments, which theoretically makes cricket more accessible to the masses.
I see what you're saying, and yes, it does seem like it would make cricket more accessible to the masses which can only be a good thing. However, my point is that people who aren't fortunate enough to be able to walk into AllRounder and spend £400 on a bat are usually the same people who would suffer heavily from a £30 a month pay cut. Hence my comment about the 0% being fairly redundant, the difference between a £30 kick in the plums every month is going to feel just as bad as a £32 kick in the plums.
I think people see a "buy now, pay later" culture as being a "buy now, worry later" solution. Often these things aren't very well thought out by the individuals signing the forms... Speaking as someone who also works in finance, I have a bad feeling about this. Especially when someone is getting into a form of debt over a luxury (Very luxury @ £400) purchase. If I couldn't afford £400 right now for a bat, I'd be saving what I had in case I lost my job. Or waiting for the end of season sales when said £400 bat is now £200 ;)
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I see what you're saying, and yes, it does seem like it would make cricket more accessible to the masses which can only be a good thing. However, my point is that people who aren't fortunate enough to be able to walk into AllRounder and spend £400 on a bat are usually the same people who would suffer heavily from a £30 a month pay cut. Hence my comment about the 0% being fairly redundant, the difference between a £30 kick in the plums every month is going to feel just as bad as a £32 kick in the plums.
I think people see a "buy now, pay later" culture as being a "buy now, worry later" solution. Often these things aren't very well thought out by the individuals signing the forms... Speaking as someone who also works in finance, I have a bad feeling about this. Especially when someone is getting into a form of debt over a luxury (Very luxury @ £400) purchase. If I couldn't afford £400 right now for a bat, I'd be saving what I had in case I lost my job. Or waiting for the end of season sales when said £400 bat is now £200 ;)
Some could argue most things we buy now are luxury items
Sofas
Chairs
Tables
Tv's
Computers
Cars
Houses
Clothing Pay weekly/monthly books
List goes on. We don't need to buy a house but most do.. We don't need that decent/new car for 350 a month but we do.. We don't need that 700 quid laptop when 150 refers woudo do but we still buy it.. Way of the world and just think of all the jobs kept in business due to credit
How many businesses have cars on credit/deals? How many pay up front for stock or just pay later ? Etc
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The problem is and companies know it we now live and have done so for sometime a must have now country credit was made easy pushing individuals into debt not many now want to save and pay outright.
Also for a good many when they take on credit there's no way back.
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The problem is and companies know it we now live and have done so for sometime a must have now country credit was made easy pushing individuals into debt not many now want to save and pay outright.
Also for a good many when they take on credit there's no way back.
Exactly, once you're in that cycle you've had it. Only inheritance or parents gifting money sorts it out. As I said, I don't actually like credit but it's the way the world is and to that end, it's good to see cricket kit available on it. I expect it to be the norm eventually as retail gains the advantage of their own credit and customers will gravitate towards these types of deals.
Otherwise, unnamed sofa company etc wouldn't do it etc
Put it this way, I could spend 1000 now on kit if I wanted but if I fancied a top end h4l bat, custom pads, 4 sets of custom gloves and a new shrey.. I wouldn't dream of buying it outright.. However 100 ish a month and no interest... Tempting
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Some could argue most things we buy now are luxury items
Sofas
Chairs
Tables
Tv's
Computers
Cars
Houses
Clothing Pay weekly/monthly books
List goes on. We don't need to buy a house but most do.. We don't need that decent/new car for 350 a month but we do.. We don't need that 700 quid laptop when 150 refers woudo do but we still buy it.. Way of the world and just think of all the jobs kept in business due to credit
How many businesses have cars on credit/deals? How many pay up front for stock or just pay later ? Etc
Totally agree. But you can't eat off your Supernova LE, neither can you ride it to work to make money to pay for it. Somethings you need to get into debt for, I was hoping Cricket wouldn't be one of them.
Each to their own though, we should all be grown up enough to know what we can and can't afford.
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Did a previous forum sponsor not offer this exact purchase model? I don't recall it being a runaway success
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I suspect it will be successful and i admire a big boy taking the risk fair play.
It easy to attack new ideas like them or not they seem to be moving goalposts and i know a forum member has just taken up a position with them so i wish them all the best.
Good luck @Bowlers Name Please something new doesn't mean something is not good.
If the policy on warranties and customer care is kept or improved why not.
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Did a previous forum sponsor not offer this exact purchase model? I don't recall it being a runaway success
Would be interesting if they give it a few years. Anyway, I don't like the idea of tempting people into debt as we know that just saying 'it's their choice' won't help but hey ho. If it shifts more units for the register than they'd normally sell then it's been worth it I suppose.
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Another idea could be like Park have a christmas club and allow parents to pay through the year for there sons,kids,there own gear but i'm giving away my future ideas!!!
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Another idea could be like Park have a christmas club and allow parents to pay through the year for there sons,kids,there own gear but i'm giving away my future ideas!!!
As you said below Dave, anything which Improves things is good. For any company the name of the game is profit, to make more of it you need to sell more each year and finding ways to take trade from other retailers is just one way to do it.
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At the end of the day if you cant shell out 275 for kit right away but have decided to start playing cricket, but are able to afford £30PM then i cant see anything wrong with it. Sometimes cricket can be a very expensive sport (admittedly not as expensive as something like gymnastics [local club charges £165 for 9 hours/week training]) but it makes it a little bit more affordable for some.
Alot of people i know pay for alot of their kit on 0% credit cards which is just the same!
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I suspect it will be successful and i admire a big boy taking the risk fair play.
It easy to attack new ideas like them or not they seem to be moving goalposts and i know a forum member has just taken up a position with them so i wish them all the best.
Good luck @Bowlers Name Please something new doesn't mean something is not good.
If the policy on warranties and customer care is kept or improved why not.
It won't be a risk. They will receive full payment from a finance company up front, customer then repays the finance company, just like a car loan
The complication is the potential issues surrounding cricket bat warranties which are hardly cast iron due to willow being a natural substance
It's an interesting idea and one to keep an eye on
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Alot of people i know pay for alot of their kit on 0% credit cards which is just the same!
I would say it's almost exactly the same.
The difference being (in a worst case doomsday scenario) if the bat breaks and the manufacturer refuses a repair or replacement (pretty rare occurance) then you are unlikely to refuse to pay off your credit card, but might not with what you see as a finance agreement from the shop (even if the terms of the contract boot the responsibility to a lender)
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It won't be a risk. They will receive full payment from a finance company up front, customer then repays the finance company, just like a car loan
The complication is the potential issues surrounding cricket bat warranties which are hardly cast iron due to willow being a natural substance
It's an interesting idea and one to keep an eye on
Risk was the wrong word sorry, I know how car repayments and mortgages work cheers.
I just think it offers something different and it a idea I like and as I said there other area within this initial ideas by all rounder I think they could exploit further to benifit customers and company.
But as I said what do I know I just volunteer for a brand currently but I love different ideas even madcap ones which I don't think this is one.
As long as it responsible lending it a win win I guess and other areas are improved and kept
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For small clubs this could make purchasing a bowling machine an actual option
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This is commonplace in golf. Pretty much all companies offer finance when purchasing. I've never understood why cricket didn't offer something similar.
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They should do a scheme like a student loan.
Kit loan repayments don't start until you start making atleast 1000runs a season.
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It is a clever ploy to get a large transaction in one go and allow the buyer to spread the payment.
Problem I would have with it is that I would be annoyed spending £300+ on the bat and then get a crappy looking one through.
Stick with the forum sponsors and buy quality equipment
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The bats in all rounder ( Sheffield) were universally terrible. Only one bat looked half decent, a Chris Gayle spartan