JLev Just Changed The Game Again.

steeze4days

steeze4days

Member
What's going on people,

Jskis have just announced that they will now be offering ski financing, in which you can pay for your skis over either 3, 6 or 12 months, allowing more people to purchase skis when they want them.

Personally I think this is a complete game changer and will be getting right on this as soon as it becomes available in other places than just the U.S

What do you guys think? Genius? Or just unnecessary?
 
Well right off the bat I can tell you that as a poor 20 year old this is something that makes my ears perk up a bit...
 
I think this is a great idea as many park skiers are still young and may not have as high paying a job as most people so this means thay will still have money in the bank instead of blowing it all at once
 
13467914:kylemclean said:
I think this is a great idea as many park skiers are still young and may not have as high paying a job as most people so this means thay will still have money in the bank instead of blowing it all at once
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this. I could see myself doing the three month program over the summer while I work. That way I can still afford food lol.
 
as an 18 year old that is going to be starting his first year of college and paying for it all by himself, I can confidently say that I appreciate this greatly
 
13467963:codizzle said:
isn't this what a credit card is for?
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No? You should pay for everything you put for on your credit card at the end of the month usuall because that tends to be when your interest free period ends on purchases, this is different, there are no hidden fees or super high interest rates to worry about and it won't fuck with your credit rating
 
I think its def a proper move to make in the ski game today. Because what alot of people that ski are short with dough even though its targeted and known for being an expensive sport
 
13467976:.lencon said:
So what happens if you can't meet the payment? Do you send the skis back used or what?
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This is immediately what comes to my mind.

I am guessing this is garnered towards a younger crowd (15-25) who most likely do not have the immediate funds at their disposal. If you ask me that is a very risky demographic to target when it comes to anything involving financing. Most college-aged young adults are already trying to pay-off other bills, why add another?
 
It would suck if you broke your skis and still had to pay them off. Then buy another pair while still paying for broken ones.
 
Thanks for the stoke guys, I've been wanting to offer this for a long time and finally found a legit company AFFIRM to enable me to make it happen. (I obviously don't have the $ to personally finance you)

Affirm was started by the guy who previously started Paypal, this guy. He's now on a mission to crush credit card companies since you get really ripped off by credit cards with compounding & deferred interest and hidden fees over time, etc. Affirm approves you on the spot online for each purchase separately and then you pay them back over time but they show you your total interest upfront and it never changes so it super transparent. Interest is as little as $8/mth for skis depending on your credit when they check it. You just select "Affirm" in my checkout and after approved you see your options and interest per 3, 6, 12 months and make your choice, or decide not to use it, up to you!

MORE INFO HERE



 
13467976:.lencon said:
So what happens if you can't meet the payment? Do you send the skis back used or what?
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The company that is providing this (Affirm) seems to be making a big Shopify push the past month, as they've been in our ear for awhile, so I think you are going to see this from a number of ski companies who use Shopify as their sales platform look into this. I know we are in discussions to roll it out with our new website that drops in August. We still have some questions to confirm how it works, but if it all sounds good, you'll see this on our new site as well.

From what I gather, you buy skis. Affirm pays brand. You pay affirm at 10-30% interest rate over 3/6/9/12 months.

As far as paying late, the product is purchased and paid for. It isn't returned if you don't pay. You are just taking on credit from Affirm, so if you don't pay on time, eventually like any other credit extension it will go to collections. From the sound of it, they don't charge late fees, so that is nice, but if you don't pay, it will show up on your credit report as an unpaid debt and will limit Affirm's willingness to extend you credit in the future.

13467983:steeze4days said:
No? You should pay for everything you put for on your credit card at the end of the month usuall because that tends to be when your interest free period ends on purchases, this is different, there are no hidden fees or super high interest rates to worry about and it won't fuck with your credit rating
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It is just an extension of credit. If you don't pay, it would be the same just as if you finance other purchases - furniture, mattress, car - unpaid credit would go against your credit score and eventually lead to collections if you don't get the account current. At ski pricing, I don't think they are going to send anyone to repo your skis, but it is just like any other extension of credit - just very clear and out in the open, which I think is great.

I think the best aspect with Affirm vs a CC is that a lot of people don't know their CC's APR or what a $600 purchase now will end up costing them if they pay it off over 6 months, ya know? You know your clear cut monthly payment right off the bat, know exactly how much extra you are paying to finance the purchase, and the process of seeing that is very easy.

13468001:afterbanginn said:
I think its def a proper move to make in the ski game today. Because what alot of people that ski are short with dough even though its targeted and known for being an expensive sport
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13468005:.MASSHOLE. said:
This is immediately what comes to my mind.

I am guessing this is garnered towards a younger crowd (15-25) who most likely do not have the immediate funds at their disposal. If you ask me that is a very risky demographic to target when it comes to anything involving financing. Most college-aged young adults are already trying to pay-off other bills, why add another?
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This is something we've discussed internally about whether this was something we wanted to offer. There is a bit of concern on our end that it will allow people who really can't afford skis the ability to get them, and then get in trouble. At the same time, that same scenario can happen right now with a credit card as well, so there really isn't all that much we can do. People need to be responsible and learn how to manage their financing.

When we asked everyone at ON3P if this is something you would take advantage of, everyone said yes, as I don't think anyone working here really has $600+ free to just spend outright on skis at any given time.

Like I said above, the aspect of this we liked the most was that it gives you a clear cut schedule and payment timeline.

13468006:FigNewton said:
It would suck if you broke your skis and still had to pay them off. Then buy another pair while still paying for broken ones.
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Just part of the game unfortunately. You're buying a tool and sometimes things break. Obviously, you don't want to see that situation come up, but besides the mental aspect of having to finish your payments with a broken pair of skis, it is functionally the same situation as if you had paid for the skis outright.

If anyone has any specific questions on how Affirm works, let me know. We're supposed to have our next discussion with them later this week and I am happy to find out the answers for you.
 
Seems like you both have it all figured out by the time you'll dive into this Affirm stuff. Good luck to you both! Don't want this screwing you guys over
 
13468024:.lencon said:
Seems like you both have it all figured out by the time you'll dive into this Affirm stuff. Good luck to you both! Don't want this screwing you guys over
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I could be wrong here but since Affirm seems to need an SSN they have the ability to affect ones credit score. This can ultimately ruin any attempt to get a future loan or credit card. Seems pretty failsafe because I am assuming Affirm has insurance providing them with coverage in case of default as well.

Still, a risky assumption young adults will be able to pay it off but if it does work it could be game changer. I know a lot of local bike stores are now doing the same for bikes because entry is so cost-prohibitive.

Good luck!
 
13468038:.MASSHOLE. said:
I could be wrong here but since Affirm seems to need an SSN they have the ability to affect ones credit score. This can ultimately ruin any attempt to get a future loan or credit card. Seems pretty failsafe because I am assuming Affirm has insurance providing them with coverage in case of default as well.

Still, a risky assumption young adults will be able to pay it off but if it does work it could be game changer. I know a lot of local bike stores are now doing the same for bikes because entry is so cost-prohibitive.

Good luck!
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Well like that's part of being an adult. Paying for your own shit and taking responbility if you can't. Just because it's a ski doesn't mean it shouldn't hurt your credit score.
 
best rule of thumb... if you cant afford it.. dont buy it until you can.. if you cant afford $500 skis... you need to get a job or cut your spending elsewhere... or be smart and get a job at a ski shop..
 
In desperate need of new park skis next year and after researching it all looks like a good deal.

Will definitely be checking this out once things get solidified and winter approaches.

Shoutout to J for pushing market standards and being one bad ass businessman!!

Oh, and I'm not familiar with how Jskis runs warranty, but under this program, what would the warranty (for ski damage ie) be? (perhaps mr J or someone in the know can answer? VERY INTERESTED)
 
13468048:ButteryLlama said:
In desperate need of new park skis next year and after researching it all looks like a good deal.

Will definitely be checking this out once things get solidified and winter approaches.

Shoutout to J for pushing market standards and being one bad ass businessman!!

Oh, and I'm not familiar with how Jskis runs warranty, but under this program, what would the warranty (for ski damage ie) be? (perhaps mr J or someone in the know can answer? VERY INTERESTED)
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This finance program has no effect on the warranty. No different than choosing between paypal, or Visa.

Jskis.com warranty program:

- 100% satisfaction guarantee = ride the skis 3 days and if you don't like them send them back for a full refund, we'll respect this regardless of how you pay.

- 1 year warranty = warrants product to be free from defects in materials and workmanship for a period of (1) year from the original date of purchase at retail.

MORE INFO...
 
13468056:JLev said:
This finance program has no effect on the warranty. No different than choosing between paypal, or Visa.

Jskis.com warranty program:

- 100% satisfaction guarantee = ride the skis 3 days and if you don't like them send them back for a full refund, we'll respect this regardless of how you pay.

- 1 year warranty = warrants product to be free from defects in materials and workmanship for a period of (1) year from the original date of purchase at retail.

MORE INFO...
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J U DA MAN. Thanks for linking my lazy ass. There is an 83% chance you will be hearing from me come fall.
 
my first thought was how bad it would suck to snap your skis really soon after getting them and then have to continue paying for them monthly after they were broken.....
 
13468022:iggyskier said:
From what I gather, you buy skis. Affirm pays brand. You pay affirm at 10-30% interest rate over 3/6/9/12 months.
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So like everything else, if you are actually struggling with funds you shouldn't go this route as you'll end up spending $50-150 extra.
 
13468045:S.J.W said:
Well like that's part of being an adult. Paying for your own shit and taking responbility if you can't. Just because it's a ski doesn't mean it shouldn't hurt your credit score.
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Obviously but it is certainly a big risk for Affirm to undertake. Half the young adults I know can hardly pay rent, college loans, car loans, and credit card bills on time.
 
13468068:Poikenz said:
So like everything else, if you are actually struggling with funds you shouldn't go this route as you'll end up spending $50-150 extra.
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I think that was sort of the point I was trying to make above. It is still financing and you still have to be responsible. If buying skis all at once, or over 12 months is going to stress your finances, you shouldn't do it.

That said, there are a lot of people who are responsible enough to pay $100/month over 6 months (say $550 skis with $50 interest) and who couldn't pay $550 in cash outright at the purchase time.

This is definitely intended for millennials, a lot of whom don't don't even have credit cards and thus no means to make purchases like this unless they save, which let's be frank, is rare.

From what I have gathered, the intention here is to basically provide credit-card-esc purchase ability (obviously brand specific), with more transparency and a defined payment schedule.
 
13468068:Poikenz said:
So like everything else, if you are actually struggling with funds you shouldn't go this route as you'll end up spending $50-150 extra.
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Not necessarily, ski season isn't all year and so, if one wanted skis and didn't have the money in hand at the beginning of the season this kind of thing is perfect because you'ee getting your skis at the beginning of the season as opposed to half way through the season and you don't need to struggle to find a large chunk of money which would require substantial time to save up as most working individuals are able to set aside at least $60 a month.

In essence you are getting more days on the hill with your skis and if you are struggling with funds you SHOULD go this route.
 
This is a great idea. This would have come in clutch when I was 20 and broke, with my skis stolen the day before I left for an 8 week ski-bum-project. I used most of my budget to buy a shitty pair of skis then ate peanut butter from a jar most the trip.

Just need to remember, like buying anything with credit, make sure you have the means to pay it off. Debt collectors suck.
 
13467963:codizzle said:
isn't this what a credit card is for?
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Yea, this is bullshit. affirm is charging 10-30% interest? what a joke.

There are so many cards that give you no interest for the first year or 18 months when you sign up.

And were supposed to pat these ski companies on the back for basically handing you over to a debt collection agency once they get theirs? Durr game changer!
 
Hint hint -

Become the repo-man, live in some shitty ski town of choice become best friends with JLev. Rinse and repeat free J skis and dealing ass whoopings to kids on a daily basis for eternity.
 
13468142:steeze4days said:
Not necessarily, ski season isn't all year and so, if one wanted skis and didn't have the money in hand at the beginning of the season this kind of thing is perfect because you'ee getting your skis at the beginning of the season as opposed to half way through the season and you don't need to struggle to find a large chunk of money which would require substantial time to save up as most working individuals are able to set aside at least $60 a month.

In essence you are getting more days on the hill with your skis and if you are struggling with funds you SHOULD go this route.
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13468186:Static said:
Yea, this is bullshit. affirm is charging 10-30% interest? what a joke.

There are so many cards that give you no interest for the first year or 18 months when you sign up.

And were supposed to pat these ski companies on the back for basically handing you over to a debt collection agency once they get theirs? Durr game changer!
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THIS IS OBVIOUSLY NOT A FREE SKI PROGRAM. So yes you have to be able to pay it back haha same as borrowing money from a bank or any other company or person.

@Steeze4days said it perfectly! This is simply an additional option to ENABLE YOU TO SAVE UP and pay over time for a product you need now but simply don't have the full amount of money for but definitely will over time.

@static No one is trying to rip anyone off, if people have a credit card with 0% or less interest of course use it! If you don't here's simply another option since unlike credit cards, you're only being approved for a $600 purchase, not a $5,000 credit limit credit card etc. so it's much easier to get LOWER interest & credit with Affirm and it's more of a self regulator since you can't use it to make additional purchases. They approve for each purchase so you don't get in over your head like credit cards. Again just trying to bring more payment options to my customers, what you use or don't use is 100% up to you and like anything you buy, make sure you can afford it first.
 
So I guess the next thing to address would be pre orders. Im assuming the payments wouldn't start till product is received, just like anything else for the most part? Considering both J skis and On3p do do preorders I'm curious on how this work on both ends, yours and the consumer.
 
I can see this being really bad for people that are idiots, but some it would help. Personally I think I will always just wait until I have the money
 
13468318:forrest.baker.52 said:
So I guess the next thing to address would be pre orders. Im assuming the payments wouldn't start till product is received, just like anything else for the most part? Considering both J skis and On3p do do preorders I'm curious on how this work on both ends, yours and the consumer.
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J ski "Pre-Order' = youpay upfront to reserve the product regardless of when it ships. With financing your payments would start at the time you order same as if you paid in full without financing.
 
this is actually pretty cool, so people can make payments on the skis up until a certain point they feel they can fully afford them, and pay them off at a discounted price? am I understanding this correctly?

cool idea, though. I personally wont use the service most likely but definitely see where it benefits people, skiing is outrageously expensive and I am all for creating an affordable, welcoming atmosphere for everyone.
 
13468399:JLev said:
J ski "Pre-Order' = youpay upfront to reserve the product regardless of when it ships. With financing your payments would start at the time you order same as if you paid in full without financing.
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That is how all pre orders should work. Money down, then slowly pay it off until the product arrives.
 
I'm stoked about this. I've currently had Halo 2s for the past season and a half (Got 'em when my TCS were stolen halfway through the season) but I've wanted J skis as a second pair for a while now because of the effort put into the ski. I'll probably hop on this after I get a new job and start Uni in September.
 
Kids, these interest rates are very very high. If you don't have the money to buy a new pair of skis, just buy a pair of last season's skis.
 
Financing at 0% is always a great option so you can get that dream bike or ski setup that you always wanted... you just have to be a little responsible to make sure you don't get slammed with interest fees. This is not a new thing to the industry and some of your local shop may offer this. We do with 0% interest for 9-12 months depending. Its not a game changer either... but it is a damn good idea so you can get the gear you need when you need it. Other good ideas are getting summer jobs, saving money, or selling a kidney.
 
What I have never understood about financing, ESPECIALLY for non-essential items such as skis is that someone could just set aside x dollars a month before ski season to buy skis in September. If your skis break mid season, thats a different story. I am worried a lot about a 12 month plan though, that's just enticing people with very little disposable income to sign up. Also, as others have stated j skis primary demographic is younger people with not a lot of financial experience. It would suck for a 19 year old college student to tank his credit score over a pair of skis. I understand one must manage their own finances, but I'm worried about how many sensible people did not save in advance for a pair of skis and need this program to ski this winter.
 
13468068:Poikenz said:
So like everything else, if you are actually struggling with funds you shouldn't go this route as you'll end up spending $50-150 extra.
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bingo.

this is the exact same as any home depot, best buy, whatever card.

get now, pay later, interest, dont pay, get fucked.

dont get me wrong, its a good idea, and its great to be able to purchase a pair of skis this way. it is the exact reason why credit cards exist.

but theyre doing this for the exact same reasons credit card companies exist. to make MORE money.
 
ayy new downvote record :^0. but forreal a financing system isnt a game changer, its just a finaincing system. didnt say it was stupid, its actually a good idea.
 
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