To select the right equipment to finance while balancing quality and cost, there are a number of steps you should take.
Assess your needs |
- What type of photography/videography do you do?
- What equipment will enhance your work?
- What gear is essential to enhancing your work?
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Research and compare |
- Compare features, reviews, prices.
- Ensure you're getting the best value for money.
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Quality over quantity |
- Invest in high-quality equipment that will last longer.
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Adaptability |
- Choose equipment that can be used in various scenarios.
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Advanced Technology |
- Opt for the latest models with advanced features.
- Avoid overly expensive or brand-new releases unless they have significant improvements over previous models.
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Buy refurbished gear |
- Consider purchasing second hand equipment from reputable sellers to save money.
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Managing your loan repayment
To manage your loan repayment effectively, our highly trained brokers recommend two key steps. Firstly, start by creating a detailed budget that includes all your expenses and income so you can determine how much you can comfortably afford to pay on your loan each month. And secondly, choose a loan term that balances your manageable monthly payment with the overall loan cost. Other tips we recommend once you secure your loan include:
- Set up automatic payments to avoid missing payment and incurring late fees.
- If possible through your lender, make extra payments towards your loan principal.
- Track your expenses closely to stay within your budget and adjust as needed.
Maintaining the value of your equipment
To maintain your equipment’s value, ensure you store it properly in a dry, cool environment using protective cases; regularly clean your equipment with the appropriate tools to keep it in good working conditions; use protective gear like lens filters and camera covers to prevent damage; and handle it with care by not exposing it to extreme conditions.
On purchasing your new gear, maintain detailed records of your equipment including purchase receipts, warranty information, and maintenance logs for insurance and resale purposes.
Contact us to explore your best options.