December 02, 2017 3 min read
When people begin shopping for an engagement ring, one of the phrases that tends to get thrown around is “affordable engagement ring.” And if you’re currently searching for affordable engagement rings in Farmington, NM, this article is for you.
As you’re shopping, here are a few things to think about that will give you some clarity as you search for the perfect engagement ring that fits your budget.
Let me explain.
If you shop around enough, you’ll start to see that “affordable” is a relative term that means completely different things to every person on earth.
A $5,000 engagement ring might seem expensive and “affordable” might be $1,000 or less.
For others, spending $7,500 on an engagement ring fits nicely into their budget.
And for others still, spending $25,000 on a diamond ring is no problem at all.
So, when someone comes here, to Garcia & Co. Jewelers, and says they’re looking for an “affordable engagement ring,” the very first question we ask (and the very first question you should ask yourself) is:
What does affordable mean to you?
Because, I promise, that word doesn’t mean the same thing to other people as it does to you. What’s affordable for you depends on your income, your monthly expenses, your debt, your credit rating… See what I mean?
So before you begin looking for an “affordable” engagement ring in Farmington, NM, take a look at your own finances and define what’s affordable FOR YOU.
Just like “affordable” doesn’t mean one thing, there’s also not just one way to buy an engagement ring.
This can be crucial. Because the different methods of paying for the engagement ring can have a major impact on what you can or can’t afford.
If you’re defining affordable based on the money you’ve got in your bank account right now, you’re likely going to be able to afford less than if you financed the purchase and made monthly payments.
Let’s say you want purchase a $1,000 diamond solitaire engagement ring.
$1,000 coming out of your bank account all at once can sound scary. Or maybe you don’t have $1,000 in your bank account at all.
But here at Garcia & Co. Jewelers, any purchases of $1,000 or more qualify for 12 months same-as-cash financing. That comes out to about $90 per month.
See what I mean about how you pay having a big impact on what you can afford? If spending a single chunk of cash all at once isn’t realistic for you, you can finance it (with no interest) and make low monthly payments.
And what if you don’t have cash and your credit is less than stellar? Consider using layaway and make payments in advance until you can take the ring home. There are always creative ways to afford the engagement ring you really want.
So the next question to answer is:
What method of payment will make your engagement ring purchase affordable for YOU and your monthly budget?
If you read our article about “Cheap Engagement Rings,” you know that you don’t have to sacrifice quality to get an engagement ring that fits your budget.
And often the best approach is to buy the very best quality you can afford right now, which leaves you the option to trade up your diamond later on.
Here at Garcia & Co. Jewelers in Farmington, NM, we’ll give you full trade credit for your diamond toward a larger diamond in the future.
Most importantly, she’ll notice the difference in beauty and high quality in the ring right now. But it’s nice to know that you’ll be able to trade the diamond later (if you choose to) toward a larger diamond as your budget grows.
If you're looking for an engagement ring that fits into your budget, shop everywhere else first and then come see us here at Garcia & Co. Jewelers in Farmington, NM.
We give you a brighter, more beautiful diamond for the same price or less. We offer easy zero-interest financing plans (with approved credit, APPLY HERE). And most importantly...
We love helping you make the right choice for you instead of just trying to sell you something.
Buying an engagement ring is an important step in your life, no matter what your budget is, and we'd love to have the opportunity to serve you!
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