Fortunately both the surfboard and the wetsuit are long-lasting equipment. Thus, though with some effort, you can save to purchase the equipment or use some kind of financial product and pay for everything in small installments. Here are some tips that can help you get what you need to start practicing surfing without...too many hassles or sacrifices.
Price Range And Savings
The price range of surfboards goes from a couple of hundreds and up to a few thousands of dollars while a surf wetsuit can cost a couple of hundreds generally with some higher price rare exceptions that can be as high as one or two thousands dollars. All in all, the whole kit can demand an average price of a thousands dollars sometimes reaching higher amounts depending on the quality of the equipment.
Saving that kind of money is not such a difficult task. Yet, all depends on your income and spending. Modifying your budget to include a small amount every month towards a savings account for the purchase of the equipment shouldn’t be such a sacrifice. Yet, if you don’t have that kind of control over your finances, you may want to resort to other means.
Financing The Purchase Of Equipment
Most of the stores selling this kind of equipment will accept credit cards without ado. They may even have some promotions specially tailored for credit card purchases. Bear in mind though, that financing with credit cards is rather expensive compared to most of the other financial products. Though using a credit card may be the most comfortable and quick financial option, chances are that it won’t be the cheapest one.
Most banks and financial institutions are offering unsecured personal loans for their customers every day. It may be time to take advantage of these offers. Make sure to compare interest rates first (look especially to the APR which combines all costs in one so you can easily compare). Then analyze what kind of repayment program you would benefit more of. A longer repayment program implies lower monthly payments but higher amounts spent on interests while shorter repayment programs may entail higher monthly payments but the costs of financing will be lower.
If you decide to go for an unsecured personal loan, consider including the amount necessary for taking some lessons, if you are just starting to practice this sport. It isn’t that costly and it can save you a lot of time and hassles.
The requirements for getting approved for an unsecured loan are not that harsh. If you are already a client of the bank or financial institution, chances are that you may have a pre-approved loan available. Otherwise you may have to show proof of employment or income and provide authorization for a short credit verification.
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Jessica Peterson writes finance articles for Yourloanservices.com where she shares her knowledge about how to get money for a starting-up business, consolidating any kind of debt, repairing a home even with a bad credit history and more.
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