Typical Engagement Ring Financing

According to the knot 2019 jewelry and engagement study the average cost of an engagement ring is currently 5 900.

Typical engagement ring financing.

When you consider the fact that the average engagement ring costs 4 000 and the average household already owes more than 7 000 to credit card companies it s clear why many proposers opt to finance this significant expense. If you re deciding how much to spend on an engagement ring there are several factors to consider. But if a 0 percent financing offer isn t available to you a personal loan could be a better option for financing an engagement ring than putting the ring on a credit card at the double digit regular apr. With those methods you should pay the ring off before the promotional period expires.

Obviously using a personal loan to finance an engagement ring will tack on a considerable amount of interest to the total cost of your ring. Through us you may be able to slash your fees and charges by half compared to traditional engagement ring financing. Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. If your eyes glaze over when it s time to talk wedding budget you re not alone.

Starting at 0 interest financing your engagement ring at gage diamonds can help to reduce the financial burden of buying an engagement ring. Average engagement ring cost. When financing an engagement ring taking out a personal loan should be your last resort. Financing an engagement ring is not necessarily bad if you know what you re doing.

The average engagement ring cost is hardly an easy expense. If anything is certain it s that diamonds remain a serious investment. This is our favorite option. The good news is it s easier than you think.

Open up a new credit card with a 0 apr promotion.