The Monthly Payment Consumer: Finance Your Dog

[pianodoctor]

A while back I reported on something I noticed locally- small independent tire sellers promoting their business by offering financing. Now I see this: http://www.utsandiego.com/news/2014/...ppy-dog-lease/

[don]

Re: The Monthly Payment Consumer: Finance Your Dog

Not long ago leasing your car would be thought of as a bad joke.

(they were right)

[don]

Re: The Monthly Payment Consumer: Finance Your Dog

original posting crashed, then showed up as duplicate.

[photon555]

Re: The Monthly Payment Consumer: Finance Your Dog

Isn't Dog-Leasing one of the signs of the Apocalypse? How long before Wall Street starts pimping securitized Bichon Frise leases? I want first bite of that apple. But they'll have to be careful that the Bichons don't frise the liquidity in the kennels.

[astonas]

Re: The Monthly Payment Consumer: Finance Your Dog

Isn't Dog-Leasing one of the signs of the Apocalypse? How long before Wall Street starts pimping securitized Bichon Frise leases? I want first bite of that apple. But they'll have to be careful that the Bichons don't frise the liquidity in the kennels.

A leash lease? That'll be brought to heel.

[dcarrigg]

Re: The Monthly Payment Consumer: Finance Your Dog

Isn't Dog-Leasing one of the signs of the Apocalypse? How long before Wall Street starts pimping securitized Bichon Frise leases? I want first bite of that apple. But they'll have to be careful that the Bichons don't frise the liquidity in the kennels.

Gimme somma dem Rhodesian Ridgebacked Securities. Better yet, I want options on 'em. Can't you see that we're providing a valuable service? It's exactly like you say. The dog market would just bichon frise up if we didn't use these highly technical instruments to provide liquidity. Do you really want a world without dogs? Didn't think so. So support this bailout...

[charliebrown]

Re: The Monthly Payment Consumer: Finance Your Dog

So I guess Goldman has switched from doing God's work to doing dog's work.

On Sunday I actually saw on tv a commercial where you could finance a k-cup machine ... Really a coffee maker??

[DSpencer]

Re: The Monthly Payment Consumer: Finance Your Dog

It's very disturbing that a pet store would think this is a reasonable option.

But you can't just blame the store. These people crying victim are irresponsible fools. They can't afford $500 but think they can afford to take care of a dog. And it has to be a purebred. Honestly, does it make much difference that it's a lease? How much difference would it make if they didn't make the payments on their dog loan as opposed to their dog lease?

[dcarrigg]

Re: The Monthly Payment Consumer: Finance Your Dog

Honestly, does it make much difference that it's a lease?

Yes, yes it does. Even if you buy a dog on a credit card, nobody repos the dog when you don't pay up. It's a dog for chrissakes, not a car or a refrigerator.

[thriftyandboringinohio]

Re: The Monthly Payment Consumer: Finance Your Dog

I once leased computers for a small business we owned.
I called the agent and asked if it was OK to lease the software too.
He laughed, and said " buddy you can lease cake and ice cream, just tell me the price."

[don]

Re: The Monthly Payment Consumer: Finance Your Dog

The sheeple's conditioned response on leasing is succinct:

How much a month?

[drumminj]

Re: The Monthly Payment Consumer: Finance Your Dog

The thing that really bothered me about this when I read it is that this is a living creature that folks are effectively being encouraged, or helped to stretch to purchase.

If you can't afford to purchase the dog in cash, you can't afford food, vet care, etc. You're just setting the dog up to be neglected and eventually dumped on the street.

I can shake my head and "tsk tsk" when someone over extends for a house, or a car, and it will ultimately get repossessed. It's the seller's fault for not being more diligent, IMO, and the property they repossess will likely have been neglected, undermining the collateral of their loan. However, in this instance, it's an innocent, living creature that will bare the brunt of the bad decision and poor judgement.

Anything for a dollar, I suppose.

[vinoveri]

Re: The Monthly Payment Consumer: Finance Your Dog

The sheeple's conditioned response on leasing is succinct:

How much a month?

But of course. Modern economics believes and teaches that not only is saving not necessary, but harmful to the system. The punitive actions towards savers over the past 6 years with ZIRP is evidence enough. This view quite ironically has some things in come with Marxism, but instead of the central gov owning the means of production (and you don't need to save under Marxism), the gov owns and controls the quantity and price of money, and thereby has at least coarse control over what people do with their money, i.e., not save, but consume, which is an obstacle to the traditional way of accumulating wealth: consume less than you produce. True frugality, other than saving $30 bucks off the latest electronic gizmo on black Friday, directed toward savings is anethama it would seem to modern economics.

[LorenS]

Re: The Monthly Payment Consumer: Finance Your Dog

The puppy we adopted was almost adopted by a lady who could not afford the $240 adoption fee. So far we've spent close to $2000 in vet bills and the dog is only 7 months old.

One of my biggest gripes is the "humanization" of vet services. It used to be you could order your own medicine, give your own shots and only call the vet when the animal really needed care (surgery, stitches etc.). Thanks to our overbearing government you can't care for your pet anymore you're forced to take it to a vet who has a lot of overhead, and now (also due to the government) is doing a lot less valued added work and a lot more low revenue BS, so they're less efficient as well as less profitable.

[santafe2]

Re: The Monthly Payment Consumer: Finance Your Dog

The puppy we adopted was almost adopted by a lady who could not afford the $240 adoption fee. So far we've spent close to $2000 in vet bills and the dog is only 7 months old.

One of my biggest gripes is the "humanization" of vet services. It used to be you could order your own medicine, give your own shots and only call the vet when the animal really needed care (surgery, stitches etc.). Thanks to our overbearing government you can't care for your pet anymore you're forced to take it to a vet who has a lot of overhead, and now (also due to the government) is doing a lot less valued added work and a lot more low revenue BS, so they're less efficient as well as less profitable.

In England, the government officially regulated the care and feeding of dogs in 2006. I don't believe they covered leasing in this code......that would probably be too much like banking regulation.

https://www.gov.uk/government/upload...ogs-091204.pdf