Haggling for engagement ring and interest free payment

showaddy

Hi,hope some one can help with this..

I am am going to be buying an engagement ring in the not too distant future,I think i have found THEE ring after a lot of (hopefully) subtle
questions (prob not):pbut anyway,I will be trying to get the best possible price for it by haggling(not a cheap skate:)savings will go towards a weekend away).I also notice that the jewellery shop(beaverbrooks) offer intrerest free credit periods,so my question is this:would they still offer the interest free option if i manage to get them to knock something off the RRP ?

Cheers

74jax

There are a few threads on here re engagement ring costs. Shops like Beaverbrooks, Tiffany's etc don't tend to 'haggle' whatsoever.

Place in London around Covent Garden is why you are more likely to here of £100's being knocked off.

If you can't afford the ring in one go, have you considered places like Samara James where you pick the carrot of ring, the material and even the design and then match up with the price you can afford to pay?

I'm sure your B2B wouldn't want you getting in debt for the ring unnecessarily.

elvis86

Personally, I find the idea of buying an engagement ring on credit pretty distasteful. The whole point is that you're supposed to save for it, surely?

Who in their right minds wants their OH to propose to them, only for their household budget to be compromised for the next 4 years whilst he pays for the ring?

I'd much rather that my OH spent a couple of months saving, and saved £1000 for a ring by missing out on a few nights out etc, than if he bought me a £10,000 ring on credit.

It would mean so much more.:)

LEJC

Ive never bought an item in Beaverbrooks so I cant comment on if they offer discount for haggling but the previous poster is correct that some shops just dont entertain the idea of a discount...Tiffany is most definately one that doesnt offer discounts..so beaverbrooks may indeed be the same...however you will not know that until you politely ask!

What I can say is that usually the best discounts are offered for not taking out the interest free options...so from that point of view if you find a jeweller who will accept "a discount for cash deal" you would be looking at a better saving than just what would be offered from interest free...

Usually the type of jeweller to go to tho get a "deal" would be the independants and the ones where they make/repair on the premises or similar...typically the discounts can be as much as 20% on a good day for the customer...discounts within high street chains are possible although you will probably find its more likely to be in the range of 10% or lower and usually they have a tie in with companies like quidco to offer cashback rather than a straight discount.

unfortunately for the purchaser at the moment both gold and diamonds are holding their value well so there is a high demand and therfore less deals to be got...my advice would be to go and have a look around in various places not just one shop and ask politely what deal can be done...not every jeweller is receptive to offers but having said that they are still out there...

Do also look at preowned...many good jewellers will have a small selection of these rings..not to everyones taste I admit but as you dont pay VAT on second hand jewellery that automatically reduces the price...and most jewellers clean and polish to make the ring as good as new..

HTH

shellsuit

elvis86 wrote: »

Personally, I find the idea of buying an engagement ring on credit pretty distasteful. The whole point is that you're supposed to save for it, surely?

Who in their right minds wants their OH to propose to them, only for their household budget to be compromised for the next 4 years whilst he pays for the ring?

I'd much rather that my OH spent a couple of months saving, and saved £1000 for a ring by missing out on a few nights out etc, than if he bought me a £10,000 ring on credit.

It would mean so much more.:)

My husband paid for mine in 3 installments (from Goldsmiths), then proposed after he had collected the ring.

I 'think' that's the norm on paying in installments (In Beaverbrooks anyway as that's where we got my husbands wedding ring and paid in installments too) and maybe what the OP meant, so I think your post was a little uncalled for.

elvis86

shellsuit wrote: »

My husband paid for mine in 3 installments (from Goldsmiths), then proposed after he had collected the ring.

I 'think' that's the norm on paying in installments (In Beaverbrooks anyway as that's where we got my husbands wedding ring and paid in installments too) and maybe what the OP meant, so I think your post was a little uncalled for.

Where I live there is a retailer who is famous for selling engagement rings, and their TV adverts boast of 4 years interest free credit. I presume the setup there is buy the ring, propose, then make monthly payments for 4 years?

shiv2001

I think you can only get the Interest Free credit on the full asking price of the ring, not on a haggled down price - that's how it is in Goldsmiths.

LEJC

elvis86 wrote: »

Where I live there is a retailer who is famous for selling engagement rings, and their TV adverts boast of 4 years interest free credit. I presume the setup there is buy the ring, propose, then make monthly payments for 4 years?

Thats right you agree the price of the ring with the retailer and then a credit agreement is set up to pay the balance in insallments...this can vary between a few months or up to possibly 36 months or so...very similar to how you would buy a car on HP...its the same process...therefore you will need a credit scoring and be able to meet the criteria for the monthly payments....the ring is yours to take away and propose with ...but the payments will be taken until the ring is paid for...

Claree__x

shiv2001 wrote: »

I think you can only get the Interest Free credit on the full asking price of the ring, not on a haggled down price - that's how it is in Goldsmiths.

Same as Rox.
However, you could get an interest free credit card and pay "in full" after your discount and pay off that way if it's something you want to do.

My fiance proposed to me in Rome this year and I know the ring is not fully paid off but he is paying it off, not us, and I don't see how that's a problem. It means that we can plan a wedding now rather than wait until he has fully paid the ring to start.

As for saving £1000s? PLURAL? I'd be mega annoyed if he paid that for my ring!

shellsuit

LEJC wrote: »

Thats right you agree the price of the ring with the retailer and then a credit agreement is set up to pay the balance in insallments...this can vary between a few months or up to possibly 36 months or so...very similar to how you would buy a car on HP...its the same process...therefore you will need a credit scoring and be able to meet the criteria for the monthly payments....the ring is yours to take away and propose with ...but the payments will be taken until the ring is paid for...

Or you can ask them to hold it and put a deposit down, until you have paid for it, then take it away with the last payment.

You don't need credit scoring for that.

Like I said earlier in the thread, we have done that with Beaverbrooks and Goldsmiths.

LEJC

shellsuit wrote: »

Or you can ask them to hold it and put a deposit down, until you have paid for it, then take it away with the last payment.

You don't need credit scoring for that.

Like I said earlier in the thread, we have done that with Beaverbrooks and Goldsmiths.

ThAts very true...and it works very well if its just a couple of months as in your case....but the quote I was replying to inferred that interest free was up to 4 years ....and even by anyones standards thats a long time to wait for a ring......
Hence the suggestion on credit scoring and HP..