Hello
Just some advice really.
I've been saving super hard over the last few months for a xmas/ bday gift for my DP.
On the 1st of Dec when I get my next pay I will have enough money to buy the gift. He's been talking about it for the last two years and I've been really excited about buying it.
The item (it's a watch) will be a joint bday and xmas gift as his bday is super close to xmas.
I've been in touch with the watch company just asking general questions about it. They also happened to mention (at the time I didn't think anything of it) that the watch is something which sells out often and they can't guarantee it'll be available.
I now understand why they said that. I noticed today (probably because of Christmas) they now do a finance option on it. This option was never there before which is why I took their 'sold out' comment so lightly.
On the 1st December I would easily be able to buy it. But now that there is a finance option and taking their comments into consideration I fear the watch may sell out before I am able to pay for it fully. Which would be seriously heartbreaking for me because I've planned the whole thing for months.
It's 0% interest and you pay it over the course of six months with a 20% deposit. I'm currently £160s away from being able to buy it in one go. Do deposit and first months oayment is not a problem.
My dilemma is that we don't buy gifts on finance. We don't buy anything on finance apart from our cars. The rule we have is, if we can't afford it and it's not a necessity then don't take finance on it. And truth be told I've never taken finance or credit cards out ever. I don't understand them and I guess I've never had to. I've just always saved up for things.
Because this is a super special gift, I can't ask him for his advice on it which is why I'm coming to you with the WWYD?
I understand a lot of people will have taken finance out for many things and probably seems like a silly dilemma but because I've never had to take finance out for gifts I feel a bit uncomfortable because it's a new thing to do it alone. ( like I've mentioned we take finance out in our cars but that was done together with discussion)
I'd be annoyed if the watch sold out just because a lot of planning and saving up has gone into getting it.
If he found out I took finance on it he would say 'why have you done that?' but if I explained the situation to him (should he ask at xmas/ birthday) and said I can pay it off now if I wanted to because I have the money he would understand. I just feel really awkward about it. It's probably because I've not had to make a lone financial decision for years so I'm a bit uneasy about it.
Also any advice on what happens when you choose to go take finance out on something? Is it a few clicks of buttons or do I have to sign paperwork. If I have to sign things and send it off I would probably just take the risk of waiting until December.
Thank you in advance !