I now have access to the money!!!!
Posted by: Consciousmess on 28 August 2008
Hi all,
I have to write this message as I am soon to receive a credit card with just over 5500 credit limit, and I plan on using it to its max.
Before I ask my audiophile question, the reason why I am going to do this is because I want to reach as high up the Naim ladder as I can and my other half is going to start wanting children in the next 3 years. I want to get all my selfish purchasing done before then as I know afterwards my hifi upgrading journey comes to a halt. I also want to enjoy it in peace. Incidentally, I can afford to pay the minimum amount each month for the credit card and like to think I work in a very stable line of work (teaching).
So with this money, I am in a slight dilemma. As you can see on my profile I currently have:
CDS3+XPS
NAC282+Hicap+NAPSC
NAP300
B&W805s speakers
I have been conscious (!) that the NAC282 needs the Supercap2 to properly shine and bring out its best with my NAP300. I am also conscious that my speakers are letting the whole proceeding down as I only hear bits of what my electronics are doing.
(I suppose my username sums up my scenario.)
On the speaker front and based on the size of my listening room, I want to go further up the B&W800 series (aesthetically gorgeous) and so my purchasing dilemma is this:
B&W804S + SC2: 2700 + 3200
B&W803S: 3800 + some upgrading change.
So what do I do? I will also have items to sell and perhaps get back some further money back; this might go towards an engagement ring!
I want to get my final speakers and feel the B&W804s aren't quite there, but then again if I get the B&W803s I wont have much spare cash for a SC2, let alone the 555PS.
I would be so helpful if you could advise as I'm spending large amounts of money (to me) and I dont want to get to a dead end where I know Im missing key Naim electronics.
Many thanks in advance!!!
Jon
I have to write this message as I am soon to receive a credit card with just over 5500 credit limit, and I plan on using it to its max.
Before I ask my audiophile question, the reason why I am going to do this is because I want to reach as high up the Naim ladder as I can and my other half is going to start wanting children in the next 3 years. I want to get all my selfish purchasing done before then as I know afterwards my hifi upgrading journey comes to a halt. I also want to enjoy it in peace. Incidentally, I can afford to pay the minimum amount each month for the credit card and like to think I work in a very stable line of work (teaching).
So with this money, I am in a slight dilemma. As you can see on my profile I currently have:
CDS3+XPS
NAC282+Hicap+NAPSC
NAP300
B&W805s speakers
I have been conscious (!) that the NAC282 needs the Supercap2 to properly shine and bring out its best with my NAP300. I am also conscious that my speakers are letting the whole proceeding down as I only hear bits of what my electronics are doing.
(I suppose my username sums up my scenario.)
On the speaker front and based on the size of my listening room, I want to go further up the B&W800 series (aesthetically gorgeous) and so my purchasing dilemma is this:
B&W804S + SC2: 2700 + 3200
B&W803S: 3800 + some upgrading change.
So what do I do? I will also have items to sell and perhaps get back some further money back; this might go towards an engagement ring!
I want to get my final speakers and feel the B&W804s aren't quite there, but then again if I get the B&W803s I wont have much spare cash for a SC2, let alone the 555PS.
I would be so helpful if you could advise as I'm spending large amounts of money (to me) and I dont want to get to a dead end where I know Im missing key Naim electronics.
Many thanks in advance!!!
Jon
minimum payments on a $5500 cc debt? 
Your kid will be paying for their own college before you are done paying that off.
Advice? Don't spend money you don't have.
Lastly, your kit looks awesome! What is your issue with it? What do you want to improve? Or are you just changing for the sake of change.
If you are not extremely happy with your fantastic kit, you must not like Naim gear.
Your kid will be paying for their own college before you are done paying that off.
Advice? Don't spend money you don't have.
Lastly, your kit looks awesome! What is your issue with it? What do you want to improve? Or are you just changing for the sake of change.
If you are not extremely happy with your fantastic kit, you must not like Naim gear.
Jon
You're a hopeless case
Look, don't take this personally, but what you're proposing is ludicrous. Earlier today, in another post you were talking about taking capital from your house to fund a 552 and now your talking about using a credit card and only paying off the minimum. Do you realise how much these two methods of credit are going to cost?
You have a lovely system, why not enjoy it whilst saving up for any upgrades, personally I would actually pay off the mortgage, but we all have different priorities.
Regards
Gary
You're a hopeless case
Look, don't take this personally, but what you're proposing is ludicrous. Earlier today, in another post you were talking about taking capital from your house to fund a 552 and now your talking about using a credit card and only paying off the minimum. Do you realise how much these two methods of credit are going to cost?You have a lovely system, why not enjoy it whilst saving up for any upgrades, personally I would actually pay off the mortgage, but we all have different priorities.
Regards
Gary
Hi Jon
It's your decision, but don't forget you have to live with the consequences. My advice has to be don't do it! I've never borrowed money for HiFi because I think it's too risky - sorry dealers! Added to this the UK & world economies are at best rocky, & forecasts point to things getting much worse before they get better. Perhaps most significantly you already have a system most audiophiles can only dream of.
If you are going to start a family soonish you should also think about the financial effects. If you & SWMTSIBO both work, you are going to have a reduction in income. If you have a mortgage it seems likely the cost will be going up due to the credit squeeze, & if you will be attempting to climb the housing ladder to accommodate sprogs you going to pay even more for you mortgage. Have you calculated the cost of moving? I moved last July & the legal, estate agent, & removal costs plus out of pocket expenses came to about £20,000. Then there's the rate of inflation to consider, as it seems likely public sector workers are going to suffer pay rises far below RPI for the next few years.
If I can't talk you out of your HiFi plan, at least get a personal loan. You shouldn't have any problems with your employment record, & this will be a far cheaper then using a CC. Defiantly look in to 2nd hand & ex' dem' equipment. In the U.K. Tom Tom Audio & Cymbiosis usually have the most stock of this type. They will also offer you a fair PX for the parts of your system you no longer require.
Good luck & take care - John
It's your decision, but don't forget you have to live with the consequences. My advice has to be don't do it! I've never borrowed money for HiFi because I think it's too risky - sorry dealers! Added to this the UK & world economies are at best rocky, & forecasts point to things getting much worse before they get better. Perhaps most significantly you already have a system most audiophiles can only dream of.
If you are going to start a family soonish you should also think about the financial effects. If you & SWMTSIBO both work, you are going to have a reduction in income. If you have a mortgage it seems likely the cost will be going up due to the credit squeeze, & if you will be attempting to climb the housing ladder to accommodate sprogs you going to pay even more for you mortgage. Have you calculated the cost of moving? I moved last July & the legal, estate agent, & removal costs plus out of pocket expenses came to about £20,000. Then there's the rate of inflation to consider, as it seems likely public sector workers are going to suffer pay rises far below RPI for the next few years.
If I can't talk you out of your HiFi plan, at least get a personal loan. You shouldn't have any problems with your employment record, & this will be a far cheaper then using a CC. Defiantly look in to 2nd hand & ex' dem' equipment. In the U.K. Tom Tom Audio & Cymbiosis usually have the most stock of this type. They will also offer you a fair PX for the parts of your system you no longer require.
Good luck & take care - John
Jon, in line with most sentiments here, this sounds like a really bad plan imo. Hifi stuff isn't hat important to go in debt for on a CCard. In fact it's not important AT ALL. Nice to have at best. C'mon!...
This type of financial bandwidth is best saved for boring things like a washing machine, dryer, and the roof of your house all collapsing in the same month.
Put your missus on here and we'll try to talk some sense into her...
Richard.
This type of financial bandwidth is best saved for boring things like a washing machine, dryer, and the roof of your house all collapsing in the same month.
Put your missus on here and we'll try to talk some sense into her...
Richard.
Jeez, I hope you don't teach finance.
quote:Step 1 - have a vasectomy; stops those pesky things called children spoiling your fun.
Step 2 - get whatever equipment you want.
I'm going out on a limb here - would you be single Nick?
Hi
I too love to upgrade, but always do it with spare none borrowed money. However, you are young, have no commitments at the moment so I would say live a little. I too got the warning that the biological clock had started to tick and went straight out and joined the golf club I had always wanted to and got the bag of gear to match. It didn't hurt me or my family.
No one would bat an eyelid if you got a car loan and splashed the whole 5K wad on a glamourous second hand Ford KA that will be worth bod all in three years.
I would also advise caution but all work and no play.....Why not contact your dealer about a second hand Supercap? It will cost you with trade in for Hicap a little over a K. This will be a great upgrade and will have you smiling If things then go tits up financially then you could off load it with little or no loss. This will stop the burning sensation in your pocket and is very sensible financially!
Sorry bit boring, but you do get a new toy.
Cheers Karl
I too love to upgrade, but always do it with spare none borrowed money. However, you are young, have no commitments at the moment so I would say live a little. I too got the warning that the biological clock had started to tick and went straight out and joined the golf club I had always wanted to and got the bag of gear to match. It didn't hurt me or my family.
No one would bat an eyelid if you got a car loan and splashed the whole 5K wad on a glamourous second hand Ford KA that will be worth bod all in three years.
I would also advise caution but all work and no play.....Why not contact your dealer about a second hand Supercap? It will cost you with trade in for Hicap a little over a K. This will be a great upgrade and will have you smiling
If things then go tits up financially then you could off load it with little or no loss. This will stop the burning sensation in your pocket and is very sensible financially!Sorry bit boring, but you do get a new toy.
Cheers Karl