Looking for the best way to finance engagement ring dreams? You’ve arrived at the right place.
A few days ago, we explained that you can finance a wedding ring (and an engagement ring, for that matter.) Today, we want to explain how you can do it. The steps are surprisingly easy, and make your ring shopping experience even better.
But first, let’s get one thing out of the way: the best way to finance engagement ring settings is to respect your budget. Do not buy a ring you cannot afford.
It’s necessary that you pay off your ring before your financing period ends – otherwise you’ll pay interest big time, thus defeating the entire purpose of using financing to your advantage. It’s a tool to be used wisely, to make your life easier. Never buy a ring that you can’t easily make monthly payments on!
With that out of the way, let’s look at the best way to finance engagement ring aspirations, both online and in-store (because we’re awesome and offer both.)
Shopping for an engagement ring online? You’re so smart. Finding your dream ring online is as easy as scrolling through Instagram, and finally financing has caught up. Back in the day (2012) we used to have grooms contact us about the perfect ring they’d seen on Facebook. And they’d be ready to sign on the dotted line (contact form through secure checkout.) But then they’d ask about our financing and we’d only be able to offer it to our in-store customers. And our grooms aren’t always local – we ship internationally and all over the US, so in-store financing wasn’t going to cut it for a groom from Texas who’d finally found the perfect ring.
So we knew we needed better options. Enter Affirm & PayPal financing. Now, whenever you shop on Raymond Lee Jewelers or Diamonds by Raymond Lee you’ll see the Affirm logo with an estimate for monthly payments on each item, plus the PayPal financing option. You can choose either one, and with credit approval you’ll be approved for an overall amount towards your purchase and an interest rate ranging from 10%-30%. Each service offers different payment terms so you can choose which option works best for you.
It’s easier than finding your credit card to enter in the CVV number you still haven’t saved in keychain for SOME reason! And best of all it lets us serve even our online clientele with this great tool.
If you are local you have even more options. You can still checkout entirely online using the financing tools above, or you can do a little legwork and reap the benefits.
We offer promotional periods and special event financing a few times a year. This means that we typically will host a party with bubbles & browsing, craft beer & carats – you get the idea. We provide light bites and booze and invite our favorite couples to come try on every ring in our store without any pressure to buy.
Not ready to walk out the door with a diamond that day? Fine by us – we’re here for your exploratory research. Want to scope out the rings you saw on Pinterest IRL then try to find them for cheaper online somewhere else? We know what you’re up to – remember we opened DBRL for our own generation of ring shoppers! And in any case, that’s also fine. We hope to win you over with our charm and good looks, amazing diamond selection and yes – great pricing.
But in case that doesn’t do the trick, we also offer awesome financing incentives, like no money down and 6 months, one year, even 5 years of interest-free payments. So you get champagne, pigs in a blanket, and a Tacori ring you can take your time paying off. What’s not to love?
In all seriousness, at Diamonds by Raymond Lee and Raymond Lee Jewelers, we know today’s clientele wants more options for finding, designing, and paying for their perfect engagement ring. And if you want to know the best way to finance engagement ring dreams, the answer is easy: it’s with us.