First, what do you want to spend on your drone?
Getting Poor Credit Drone Financing
If you have poor or even bad credit and need financing, your best source is generally going to be an online lender. We can help with that, but we are not lenders ourselves and do not make credit decisions. This is a good thing because instead, we get you access to a much larger group of lenders online. More lenders means more chances of getting an approval, even with that poor credit. Here is how it works.
Get A Quick Quote
Everyone hates filling out forms and lucky for you, the quote form is short and sweet. Most people can complete it in just a few minutes. Head up to the top of this page and fill in some basic information about yourself, your income, etc. Then, just read and agree to the terms of service and wait for your answer. Usually, this happens very quickly.
If approved for a loan, one lender will make you a loan offer and you will be sent to their website where you can review the terms of this offer. If you like it, you can accept it and your lender will send cash money directly to your bank account as soon as possible. You can then shop for your drone as a cash buyer with all of the power that that brings with it.
Decide On Your Offer
Once you have a drone financing offer, don’t rush into accepting it. Sure, you are anxuous to get your guy toys, but not all offers will be good ones, especially if you have bad credit. There are things that you should consider.
First and foremost, you should consider whether you can afford the loan payment. A lender will try to make that determination but only you really know if you can afford a payment. Fit the proposed payment into your monthly bills and see how much money you have to spare. If things look tight, don’s assume that money will just work itself out. Have a plan for making that payment. That might mean cutting some other expenses or even temporarily finding another source of income.
Next, look at the total cost of this loan. Drone financing with bad credit or poor credit is bound to be an expensive thing. If you wind up paying twice as much as the drone is worth because of finance fees, is that worth it. It might be for some, but not for others, so this is something that you need to thin hard about.
Finally, consider whether you really need the drone loan. Although drones can be used for business, most who buy them use them as a hobby. Before you commit to financing, make sure that it is a hobby that you will truly enjoy. The last thing that you would want to do be doing is making payments on a toy that you never use.
Buying Your Drone
If you decide to accept a loan, your lender will deposit money directly into your bank account. That is why the quote form asks for banking information. Once this happens, you can start shopping for your drone as a cash buyer. Being a cash buyer has a number of advantages, as you can imagine. Here are just a few.
Get a better drone deal.
If you get credit from a single store, you are rather locked down on the price that you pay for a drone. You are pretty much a captive buyer and they can sell you a drone without the need to negotiate. Having cash in your pocket will allow you to shop around and get the best price.
Use excess money as you please.
When you use one of the online lenders that we get you access to, you are taking out a cash loan. If you find a great deal on the drone you want, you can use any excess money as you please. If that means buying a new mountain bike, buy a new bike, it is your money.
Find the perfect drone for you.
You probably have the perfect drone in mind and having cash in hand lets you shop for it wherever you like. Do not settle. If you want a DJI Mavic Pro get it. If you want a Dynnex drone, get one, it is your money.
Buy a used drone.
Another great option, if you want to get the most for your money is to buy a used drone. Thousands of people get into the drone market each year and then never use them. Take advantage of this fact to save hundreds of dollars on your purchase.
