First, how much do you want to spend on scuba gear?
A Loan For Scuba Equipment
Scuba gear is not cheap. An entry level, starter package can cost over 1000 dollars by itself. For many, this can be a hard pill to swallow which is why sporting good financing is a viable option and we can help with that.
We can help, not by lending you money, but by getting you access to a larger group of lenders that may be able to help. We ourselves are not direct lenders and that is a good thing for you. With a direct lender, you have one shot at getting an approval which is difficult if you have less than perfect credit.
With a larger group of lenders, you have better odds of getting an offer on the scuba gear financing that you need. If you have bad credit, it really can help
So how does this financing work?
Getting an offer for scuba gear financing is super easy. Just fill out one simple form and submit it to the lending group. If approved, one lender will make you an offer. If you decide to accept this offer, you can have money in your account as soon as the next business day.
That is one of the truly great things about going with an online lender for the money you need. They will deposit cash directly into your bank account and that makes you a cash buyer. This allows you to buy your scuba equipment anywhere that you like. Get exactly what you want and shop for the best deal. You can not do that with store credit.
Benefits To Online Financing
There are a number of advantages to financing your scuba gear with an online loan. Take a look at just a few of them.
Shop With Cash
Store credit can be nice, but it is limiting. If you get approved at one individual store, you would have to buy your gear there. In other words, you would be a captive customer. Have cash in hand and you could shop wherever you like.
The ability to shop wherever you like is a huge benefit. It means that you can get the exact equipment that you want. No settling for what is in stock at the moment. It also means that you you can shop for the best price.
In addition, because you will get your loan in cash, you can use excess money as you like. Take the extra money and buy some scuba accessories, a yeti cooler or whatever you like.
Easier Approval
Store credit can be hard to qualify. This is because that store credit also usually comes with some nice deals like a period of low interest. If you have excellent credit, you might be able to score one of those deals, but if you have some dings on your report getting denied is very likely.
With online lending, there are more lenders available. This means more chances of getting a yes, even if you have heard no in the past.
Convenient
You know some stores still make you come in to apply for financing? What a huge waste of time when you can do everything online from the convenience of your home. You are here right now, so why not get an offer?
Even better is the fact that the quote form is extremely short. Most people can fill it out in a matter of minutes, even less if you have auto-complete set on your browser.
Making Your Scuba Gear Loan Decision
Just because a lender decides to extend you an offer for scuba gear financing does not mean that you need to accept it. Before you pull the trigger on that loan, here are some things to think about.
Is the payment too high?
Take a look at the payment and decide how it will affect your monthly budget. Will there be enough money to go around or will things be tight? Never assume that things will just work themselves out.
Are the fees too much?
Unless you are a scuba instructor, this gear is probably for a hobby. That means that you need to consider the total cost of the loan and decide if it is worth it. If you have less than perfect credit, chances are good that the fees and/or interest are high, so use your best judgement.
Do you have better options?
A loan is simple and quick, but you may have other options. Consider used equipment or possibly renting your scuba gear. You can do that while you save for the new equipment that you want.
