I share this not as a harsh, unkind comment, but as a clear analysis in the hopes that the OP, or someone else who might struggle with such things can gain some direction:
It is not "saving up" to go into a payment plan; quite the opposite. It's going into debt, obtaining an item on anticipated income, which can be quite dangerous fiscally. The depreciation on such a thing as an amp is enormous, so making payments on it is not advantageous. Especially if you have the power of compounded interest working against you, payment plans are to be avoided, especially for non-necessities.
I will never forget my father telling me, "Every dollar spent is a two dollar decision." (Every dollar spent is a dollar less that you have to invest.)
Even as a reviewer, I recommend no one needs to go into a payment plan for an audio component. The only exception might be on zero percent interest, and at a very modest amount relative to one's income, perhaps 1-2% of gross income. Even at that, you are turning potential opportunities against yourself by the opportunity cost associated with expending the money that could have been invested.
I strongly recommend that under normal circumstances no one spend half of their income monthly on audio - for any component. Imo, In a balanced lifestyle the expenditure of audio should fall well below 10% of income, and as a percentage much below that after house payment.
Frankly, the financial indicator that one is spending quite disproportionately on audio can be a "wake up call" that major changes are needed in life. Usually, where there is an extreme imbalance in finances, there can be imbalances in other areas of life. I am trying not to be judgmental of the OP in this regard, as I do not know all of the particulars. It is, however, shocking to consider any audiophile expending such an enormous percentage of income on gear. Maybe the OP's income is so terrifically high, and lifestyle so ascetic, that they can pull it off. We do have people with alternative lifestyle choices who live like misers daily in order to achieve extreme goals. Hopefully, that is at work here. But, still, it's an imbalanced fiscal lifestyle. Three years of saving would theoretically achieve a similar purpose, and without the associated risks. It seems there is little wiggle room now for the OP in consideration of the potential challenges that appear occasionally. :(
In all sincerity, I hope the OP does not get financially buried by their own zeal for the finer things in life. :(
It is not "saving up" to go into a payment plan; quite the opposite. It's going into debt, obtaining an item on anticipated income, which can be quite dangerous fiscally. The depreciation on such a thing as an amp is enormous, so making payments on it is not advantageous. Especially if you have the power of compounded interest working against you, payment plans are to be avoided, especially for non-necessities.
I will never forget my father telling me, "Every dollar spent is a two dollar decision." (Every dollar spent is a dollar less that you have to invest.)
Even as a reviewer, I recommend no one needs to go into a payment plan for an audio component. The only exception might be on zero percent interest, and at a very modest amount relative to one's income, perhaps 1-2% of gross income. Even at that, you are turning potential opportunities against yourself by the opportunity cost associated with expending the money that could have been invested.
I strongly recommend that under normal circumstances no one spend half of their income monthly on audio - for any component. Imo, In a balanced lifestyle the expenditure of audio should fall well below 10% of income, and as a percentage much below that after house payment.
Frankly, the financial indicator that one is spending quite disproportionately on audio can be a "wake up call" that major changes are needed in life. Usually, where there is an extreme imbalance in finances, there can be imbalances in other areas of life. I am trying not to be judgmental of the OP in this regard, as I do not know all of the particulars. It is, however, shocking to consider any audiophile expending such an enormous percentage of income on gear. Maybe the OP's income is so terrifically high, and lifestyle so ascetic, that they can pull it off. We do have people with alternative lifestyle choices who live like misers daily in order to achieve extreme goals. Hopefully, that is at work here. But, still, it's an imbalanced fiscal lifestyle. Three years of saving would theoretically achieve a similar purpose, and without the associated risks. It seems there is little wiggle room now for the OP in consideration of the potential challenges that appear occasionally. :(
In all sincerity, I hope the OP does not get financially buried by their own zeal for the finer things in life. :(