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Thread: Zero Financing

  1. #1
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    Zero Financing

    Has anyone else noticed the 0% for 18 months offer that Capture Integration is offering? Just left their website a moment ago and am now trying to find a calculator ...

    Not sure how long this has been up however I don't remember seeing it a couple days ago. I just thought I'd pass on what I found.

    Happy Mothers Day to all

    Don
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    Administrator, Instructor Guy Mancuso's Avatar
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    Re: Zero Financing

    I saw it and closed the page as fast as possible. That is just pure trouble
    Photography is all about experimentation and without it you will never learn art.

    www.guymancusophotography.com

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    Re: Zero Financing

    Too late! It's burned onto my brain.....
    Don Libby
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    Re: Zero Financing

    GM and Ford - have tried this one for years - just another sign of troubled times.

    Also - for anyone thinking about this idea - there is no such thing as a 'free lunch' - the price you are asked to pay already includes the 'cost' of the interest rate free period.

    For any cash buyers - the best thing to do is factor in the NPV of the theoretical interest amount you will pay after 18 months and then SATRT the negotiations with this amount TAKEN OFF the RETAIL asking price today.

    Remember though that such offers are a very bearish indicator about the product and company fiscal situation with bearish indicators about the future value of your purchase today.

    Sorry to see this bit of gimmickery hit the MFD nmarket. Pretty much confirms to me that only the very brave should consider buying a new MFD back today.


    Phase One should immediately STOP producing so many different backs. There is a plethora of product out there from the same manufacturers with a little bit of cinamon and a tocuh of galrlick blah blah differentiate via marketing blah..

    The DSLR route is killing these companies ...

    MFD is about the best specialist solutions NOT the we can beat CaNikon route you are going down. You need to think larger chip sizes so people can use their MF laenses and their view cameras and superior optics from Schneider and Rodenstock. Think FF 645 as your entry level back at a 50% premium to a CanNikon. Think FF or close for a square chip to help view cameras and square format shooters - at a higher premium.

    Good Luck.

  5. #5
    Alexander Bauer
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    Re: Zero Financing

    Quote Originally Posted by PeterA View Post
    just another sign of troubled times.

    Good Luck.
    Even so, I don't look at it that way, because customers need options.

    Remember, 0% down is the most expensive way to buy anyway.

    props to Capture Integration for their efforts to make MFDB not necessarily more affordable but at least available

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    Sr. Administrator Jack's Avatar
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    Re: Zero Financing

    Quote Originally Posted by Alexander Bauer View Post

    Remember, 0% down is the most expensive way to buy anyway.
    I dunno... I bought my last vehicle with zero down, zero percent interest for 36 months. And I had negotiated a killer deal first. Not only that, I negotiated a stellar trade-in for an older vehicle. The salesman had "assumed" all along I was going to put the cash from the trade-in as a down-payment on the new car, and he asked when we filling out the forms how much I wanted to put down. I replied, "At zero percent financing for 36 months, NOTHING!" As he reluctantly handed me both a large check and keys for my new car he said, "This doesn't happen very often..."

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    Jack
    home: www.getdpi.com

    "Perfection is not attainable. But if we chase perfection, we can catch excellence."

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    Re: Zero Financing

    Quote Originally Posted by PeterA View Post
    GM and Ford - have tried this one for years - just another sign of troubled times.

    Also - for anyone thinking about this idea - there is no such thing as a 'free lunch' - the price you are asked to pay already includes the 'cost' of the interest rate free period.

    For any cash buyers - the best thing to do is factor in the NPV of the theoretical interest amount you will pay after 18 months and then SATRT the negotiations with this amount TAKEN OFF the RETAIL asking price today.

    Remember though that such offers are a very bearish indicator about the product and company fiscal situation with bearish indicators about the future value of your purchase today.

    Sorry to see this bit of gimmickery hit the MFD nmarket. Pretty much confirms to me that only the very brave should consider buying a new MFD back today.
    Couple thoughts.

    First "there are no free lunches" completely ignores efficiency:
    1) While we are still offering everything from 12 to 60 month leases we are much more focused on this specific 18 month lease. This means faster and easier paperwork on our end which translates to less labor cost.
    2) Instead of having only a few customers entering into leases we are scaling up the number of leases dramatically because of this offer. With higher quantity comes better terms.

    Second, while any business savvy person knows buying in cash is the way to spend the least total money, there are many situations in which it's not "cheaper".

    For those using a digital back as a professional tool the use of the back ought to be generating additional income, whether in landing jobs they otherwise might not have landed, or in justifying a higher rate than they might otherwise have drawn. In that case having to wait to accrue a certain lump of cash may mean a net-negative.

    For those using the back as a serious hobby there is an intangible cost. Imagine you spend $X dollars/hours/favors-to-the-spouse to get to the top of a mountain in Istanbul and luck out with a once-in-a-lifetime rainbow/sunset/storm shot. Now imagine that you take the shot with a D300 rather than a digital back because you were waiting for the next digital back model, the next price drop, or to accrue a lump-some cash payment. It's unlikely in this situation that you'll be reassured by what you've "saved".

    There is also the hassle of moving money around. Many of our customers have enough money to purchase but consolidating various accounts, cashing out semi-liquids like CDs or short-term bonds, is a major hassle and carries a lot of baggage. With the lease they can start shooting today without the hassle and is much much better than slapping it on a credit card. Peter, if I'm right you probably could tell me off hand the current value of every account in your control as well as your target liquidity and short/long positions and I bet you even take a certain pleasure in planning major purchases, ensuring that certain investments and positions can expire/consolidate/roll-over as needed to allow a certain cash payment. That's great, but not the norm.

    Doug Peterson (e-mail Me)
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    Re: Zero Financing

    Quote Originally Posted by PeterA View Post
    Phase One should immediately STOP producing so many different backs. There is a plethora of product out there from the same manufacturers with a little bit of cinamon and a tocuh of galrlick blah blah differentiate via marketing blah.
    One of the reasons why medium format digital produces such great quality is precisely because we are NOT making one-size-fits-all solutions like Nikon and Canon. Each of the backs currently in production has a specific niche and serves that niche much better than any consolidation-of-all-backs-into-one-back ever could.

    Doug Peterson (e-mail Me)
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    Re: Zero Financing

    Quote Originally Posted by dougpetersonci View Post
    ...For those using the back as a serious hobby there is an intangible cost. Imagine you spend $X dollars/hours/favors-to-the-spouse to get to the top of a mountain in Istanbul and luck out with a once-in-a-lifetime rainbow/sunset/storm shot. Now imagine that you take the shot with a D300 rather than a digital back because you were waiting for the next digital back model, the next price drop, or to accrue a lump-some cash payment. It's unlikely in this situation that you'll be reassured by what you've "saved".
    .....Doug Peterson (e-mail Me)
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    Thats one of the reasons why I sometimes "burn" money with photographic equipmet: We only live once...and many things in our life only happen once

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    Senior Member Steve Hendrix's Avatar
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    Re: Zero Financing

    Flexible purchasing options are a good thing for consumers and do not necessarily indicate a troubled marketplace. Not saying that the market place actually isn't troubled....

    When I was a dealer, we offered 0% and other options on numerous occasions. And I have actually seen models where leasing a product cost less than paying cash after 36 months - depending on what happened with the cash you conserved.

    It's not a requirement, just a consideration - I'm sure Capture Integration will accept any and all legitimate forms of payment.


    Steve Hendrix
    Phase One

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    Re: Zero Financing

    There's also a lot to be said about using other peoples money.

    There's an art to negotiation and thankfully I've slept with and had pillow talk with a government procument/negotitions expert till she retired.

    Jack's vehicle story is much like ours when we decided the Ford Edge wasn't what we wanted/needed. We negotiated a very good trade as well as a spectacular bottom line of the Jeep Rubicon then using their money got it for 3 years 0% financing. We "forgot" to tell the dealership we had a trade-in and I guess we alluded we were paying cash; all part of the game.

    I agree with Doug that this is a very good idea/deal however remember buyer beware - if you buy any product without first negotiating the final price you only have yourself to blame.

    Picture me stepping off the soapbox...

    Don
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    Re: Zero Financing

    Quote Originally Posted by Steve Hendrix/Phase One View Post

    It's not a requirement, just a consideration - I'm sure Capture Integration will accept any and all legitimate forms of payment.


    Steve Hendrix
    Phase One
    Just ask Chris about Green Stamps!

    Okay inside joke - when I first met w/Chris he told me they took just about any form of payment - so I asked him about S&H Green Stamps. We've been friends since

    Don
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  13. #13
    Alexander Bauer
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    Re: Zero Financing

    Quote Originally Posted by Jack Flesher View Post
    I dunno... I bought my last vehicle with zero down, zero percent interest for 36 months. And I had negotiated a killer deal first. Not only that, I negotiated a stellar trade-in for an older vehicle. The salesman had "assumed" all along I was going to put the cash from the trade-in as a down-payment on the new car, and he asked when we filling out the forms how much I wanted to put down. I replied, "At zero percent financing for 36 months, NOTHING!" As he reluctantly handed me both a large check and keys for my new car he said, "This doesn't happen very often..."

    ,
    Regardless, I'm moving to US

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    Administrator, Instructor Guy Mancuso's Avatar
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    Re: Zero Financing

    Quote Originally Posted by Iron Creek View Post
    Just ask Chris about Green Stamps!

    Okay inside joke - when I first met w/Chris he told me they took just about any form of payment - so I asked him about S&H Green Stamps. We've been friends since

    Don
    Scary thing is I am old enough to have used Green Stamps. LOL
    Photography is all about experimentation and without it you will never learn art.

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    Re: Zero Financing

    No disrespect meant to the folks @ CI at all in fact quite the opposite.

    However, 'zero' interest rate deals - are a not zero interest rate deals in terms of net cash. I think net cash. Maybe I am a dinasaur - however my prehistoric and unsophisticated approach to cashflows has served me well over the decades.

    Jack's example says two things to me:

    1. he is a careful money manager who deconstructs an offer and plays if it suits his book; and
    2. these zero rate deals are another example of what is wrong with the economics of the US auto industry - lets not forget they are all BUST now..


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    Workshop Member lance_schad's Avatar
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    Re: Zero Financing

    I am a little confused as well. So if you take advantage of the CI deal do you have to pay a pre-determined price ie:"list price" to take advantage? If so then in essence you are paying for the interest by not taking a discount if one is usually provided. I think I once saw someone post "who pays list".
    Did not see any fine print on their website....
    L
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    Senior Member Steve Hendrix's Avatar
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    Re: Zero Financing

    Quote Originally Posted by lance_schad View Post
    I am a little confused as well. So if you take advantage of the CI deal do you have to pay a pre-determined price ie:"list price" to take advantage? If so then in essence you are paying for the interest by not taking a discount if one is usually provided. I think I once saw someone post "who pays list".
    Did not see any fine print on their website....
    L

    Huh. I didn't know you were a Capture Integration customer, Lance.


    Steve Hendrix
    Phase One

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    Workshop Member lance_schad's Avatar
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    Re: Zero Financing

    Since I am still involved in consulting and involved in the sales of high-end digital photo gear I was just curious as others maybe of how this worked out.
    I have helped and still keep in contact with several forum members since my departure from CI.
    I do not always re-sell the gear myself, sometimes I make a referral to a preferred dealer for the completion of the transaction.
    As there were no clear details listed here or on the website I thought I would inquire because it maybe of interest to many.
    L
    LANCE SCHAD - Digital Transitions - Phase One,Mamiya | Leaf,Arca-Swiss,Cambo, Profoto
    direct/cell:610-496-5586 office:877-367-8537x224
    http://www.digitaltransitions.com email:[email protected]

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    Member Clawery's Avatar
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    Re: Zero Financing

    Quote Originally Posted by Guy Mancuso View Post
    Scary thing is I am old enough to have used Green Stamps. LOL
    Very scary.. is that I too helped my mom put those books together. I still remember the green dye getting everywhere!



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    Re: Zero Financing

    So, what are green stamps? Is that some kind of post-war rationing thing?
    Carsten - Website

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    Administrator, Instructor Guy Mancuso's Avatar
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    Re: Zero Financing

    Photography is all about experimentation and without it you will never learn art.

    www.guymancusophotography.com

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    Super Duper
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    Re: Zero Financing

    Ah, kinda the collector's version of buy 10, get 1 free
    Carsten - Website

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    Re: Zero Financing

    Not rationing stamps at all.

    Following world war II a company called S&H started marketing green stamps which other vendors would supply when buying their products. S&H itself had a catalog of items that could be redeemed with those stamps. If I recall, this went on for quite a long time but by the Mid-60's they were gone. The marketers themselves started offering points which could then be redeemed from a gift catalog. When this happened there was no point to S&H particularly since the companies now offering the redemption got some add on sales and brand loyalty as a result of the direct program.

    Hope this helps young people who are not old enough to remember these shenanigans! LOL

    Woody

  24. #24
    Member beamon's Avatar
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    Re: Zero Financing

    Quote Originally Posted by woodyspedden View Post
    Following world war II a company called S&H started marketing green stamps which other vendors would supply when buying their products.
    Woody
    And the S & H stood for Sperry and Hutchinson. I didn't have to look it up as I was old enough to be using them as a young married adult!
    Roger
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    Administrator, Instructor Guy Mancuso's Avatar
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    Re: Zero Financing

    I remember me and my mom pasting those stamps on and it was a treat to go to the catalog store and get stuff. Seemed like it was free
    Photography is all about experimentation and without it you will never learn art.

    www.guymancusophotography.com

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    Re: Zero Financing

    Quote Originally Posted by Iron Creek View Post

    There's an art to negotiation and thankfully I've slept with and had pillow talk with a government procument/negotitions expert till she retired.
    Don
    Don,

    Sounds like you negotiated well if you got to trade up after that model was obselete.

    (No insult intended...just playing off the humour of the "till she retired" qualifier.

    Greg

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    Re: Zero Financing

    Quote Originally Posted by gsking View Post
    Don,

    Sounds like you negotiated well if you got to trade up after that model was obselete.

    (No insult intended...just playing off the humour of the "till she retired" qualifier.

    Greg
    No worries Greg although I had thought about letting you sweat for awhile. Looking back on the message I think I could of used better wording; then again I did say she retired not she was retired...

    I have to play nice as she is my office manager now.

    This also reminds me that our last two dogs were "retired" a year apart both in February which also happens to be my birth month. I can see this conversation taking a whole new direction. Okay babble mode off, count this as the end of a long day in the sun.

    Don
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    Re: Zero Financing

    Aha, well, if she retired young, then you did even better.

  29. #29
    Super Duper
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    Re: Zero Financing

    We both went out at 55! Sandy from the FAA and I was one of the first to go from DHS.
    Don Libby
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    Re: Zero Financing

    I guess since the topic turned to S&H green stamps one found memory I have is the Brady Bunch episode where there was competition over how to redeem the trading stamps saved up by the family. The boys wanted a canoe I think and the girls a sewing machine....Oh those crazy kids and Alice.

    Seriously though no additional info on specifics of this program?

    L
    LANCE SCHAD - Digital Transitions - Phase One,Mamiya | Leaf,Arca-Swiss,Cambo, Profoto
    direct/cell:610-496-5586 office:877-367-8537x224
    http://www.digitaltransitions.com email:[email protected]

  31. #31
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    Re: Zero Financing

    Quote Originally Posted by lance_schad View Post
    I guess since the topic turned to S&H green stamps one found memory I have is the Brady Bunch episode where there was competition over how to redeem the trading stamps saved up by the family. The boys wanted a canoe I think and the girls a sewing machine....Oh those crazy kids and Alice.

    Seriously though no additional info on specifics of this program?

    L
    I'm sure anyone who is really interested can speak directly with Capture Integration and get all the details they need customized for whatever product they might be interested in.


    Steve Hendrix
    Phase One

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    Re: Zero Financing

    Quote Originally Posted by beamon View Post
    And the S & H stood for Sperry and Hutchinson. I didn't have to look it up as I was old enough to be using them as a young married adult!
    Hey Roger

    Me too (I am now 72)

    Isn't it fun to get old. At our age we can spend real time just reminiscing. Try that if you are under 50! LOL

    Woody

  33. #33
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    Re: Zero Financing

    Quote Originally Posted by Steve Hendrix/Phase One View Post
    I'm sure anyone who is really interested can speak directly with Capture Integration and get all the details they need customized for whatever product they might be interested in.


    Steve Hendrix
    Phase One
    Steve is correct. Capture Integration will gladly talk with anyone interested in the 0% financing for 18 month offer that we are currently running.

    Sorry for going off topic, but it offered Don and I some good banter!

    Chris Lawery(e-mail Me)
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  34. #34
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    Re: Zero Financing

    Quote Originally Posted by lance_schad View Post
    Since I am still involved in consulting and involved in the sales of high-end digital photo gear I was just curious as others maybe of how this worked out.
    I have helped and still keep in contact with several forum members since my departure from CI.
    I do not always re-sell the gear myself, sometimes I make a referral to a preferred dealer for the completion of the transaction.
    As there were no clear details listed here or on the website I thought I would inquire because it maybe of interest to many.
    L
    Lance - just a quick question and maybe I missed it along the way, but why are you no longer with CI? I ask as they seem to be a good company to work for. I figure from a consumer/client point of view they've always have been up front in their messages and dealings on the 2 boards I know of and they've earned my respect and friendship as well. I know you helped open their Miami store which wasn't all that long ago.

    It just seems (at least to me) to be the 2 ton elephant in the room. I can understand privacy issues and I have no intent to cause harm to anyone.

    I've had this question for some time but never got around to asking. I do want to thank you for your support and help while at CI.

    Don
    Don Libby
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