I've notice a few different online sellers are using Credova Credit for financing. Does anyone here have any experience with them. I see that the BBB has some complaints but they mostly seem to be coming from folks who used Credova's leasing option. Any info either good or bad would be appreciated.

Never heard of them, but they sound a little diff.
Like -
Is Credova a lender?
Credova is not a lender. Credova provides a software platform for retailers to access third-party providers for lease-to-own financing and other lending products based on a consumer's credit profile.
Did you read the post about the folks who had a problem with a
Dog Lease?
I didn’t know you could lease dogs! Rent mules , Yes!
But not lease dogs!
Bottom line Is, it don’t sound like a good plan to me!

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NRA LIFE MEMBER

Folks should maybe pay cash for their toys.

No, never heard of that company. Borrowing money to buy guns (if that's what this is about) sounds like a bad idea to me.

Why would anyone lease a gun? Car, boat, RV, yes. But not a gun or a dog.

This company sounds like a legal loan shark that prey on people with bad or no credit.

Save your money. Put a gun on layaway if you have to.

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Life Is A Gift. Defend it!

Actually more curious than anything else. I happened to notice they were being pushed by Buds and thought I'd look a little deeper. When I did a search is when I noticed a lot of online firearms retailers were using them which made me even more curious so I thought I'd ask around. Thanks for all the advice anyway. I absolutely agree with all of you.

Sounds like some folks are taking advantage of folks who feel the need to purchase a firearm in the latest virus panic buy, but don't have the cash to do so.

I believe this all started, oh, sometimes around the beginning of the barter system...

Larry

If Buds and others are pushing them it reminds me of the old days when you visited a furniture store or other retailer and they had those signs right by the register offering "convenient financing" through Avco or American General or Thorp, etc.

The retailers get their sale made, don't have to carry the paper and get a commission from the finance company.

What next, Green Stamps with gun purchase?
for those who remember Green Stamps
Steve W

S & H Green Stamps. They were big in western PA. I can remember filling the books with Green Stamps for my grandmother.

I'm sorry, but if you have to finance a firearm maybe you don't have your priorities in order?

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Dave Ramsey Cultist

I would never borrow money for toys. Car, maybe, but not boat, RV, motorcycle, riding mowers, or especially a gun. Too much debt seems to be a problem that too many people just don't get how harmful it can be and how much better life can be without it.

I'd rather be debt free and sleep at night than borrowed up to the hilt with a yard full of expensive toys.

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- Change it back -

That's just what I need.

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"He was kinda funny lookin'"

I have used credit to purchase firearms, but not because I didn't have the cash. There was a local gun store in town who had a 1 year same as cash every August. I always bought at least 1 gun and paid it off in full just before the year was up. Credit is a tool and used correctly can be a valuable one. Credit is not there to make something affordable, which is unfortunately how it is often used. I use credit cards for everything and pay them off every month. When I buy a new car, I push the dealership to let me put at least 10k on my preferred rewards card then pay it off. They usually try to limit it to 2500. Then your credit score runs up to 850 and you have additional options. I will always, always always use other peoples money when it is free. There is no downside unless they offer a discount for cash, which you should always ask about if you are paying with it. You would be surprised about who will give you a discount for cash and paying in full up front. Just my 02 on the subject of credit.

BTW I am in the banking business and have never heard of the company mentioned by the OP. There are a huge number of fintech's popping up in the credit world, some ok some not so good. Regulators are looking closely at them, but they are not regulated like a banks are.

Who’s going to try to repo a gun?

Here is some of the Big Print, you will need to get the fine print of terms, conditions etc etc. If you buy from Buds

Firearm Financing - Buds Gun Shop

Their website

Credova

Terms

Terms Of Service


When mu LGS was still around they had layaway Didn't cost you anything. Just put 25% down and make payments whenever you wanted or could, no real time limit,
They sold a HECK of a lot of guns that way. Some guys had several gun on layaway.

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Still Running Against the Wind