Would you take out a loan for a guitar for $11,000?
I found a really cool guitar for 11 grand and thought about taking out a loan for it.
For all you music lovers out there, or even guitar collectors would you spend that kinda money on a guitar?
Most Helpful Guy
Getting a loan for a purchase which is not essential, is always a bad idea. Save first. You pay less over all for the item, and you don't NEED it right now.
The exceptions are when the thing you're buying is going to start making you money immediately. Then it may be worthwhile to borrow money to get it, if the interest rate on the loan is less than your ROI.2
Most Helpful Girl
If you're an avid guitar player and really going to put some heart and soul into your music making, then yes. You can't put a price on your passion and dreams. However... do I think that's crazy? Hell yes! But that's because I would never spend much on a guitar. I have hobbies that I would spend a shit ton of money on that people would think I'm crazy for, but it's my passion. No amount of money is going to keep me from it.2