Ashley Furniture Memorial Day Sale a Scam Secaucus New Jersey

Ashley furniture store verbally said they offered 60 month financing with 0% interest. After I Spent three hours negotiating the prices with them and we went to finance the furniture they suddenly could only do 6-12 months. If you ask me that's a scam. I don't need to research anything for that is what happened. Off you want to buy furniture don't do it on a holiday weekend. After I left without buying anything they called me three days in a row. By then they can go scratch.

To whomever commented previously about furniture stores not having finance terms of 60 months because it is, and I quote, "5 YEARS!!!". Yes. It is 5 years and that is a great deal for a consumer who needs to furnish an entire home (first time home buyer).

These companies don't generally make money from lending, they make money from their furniture sales. Do a little research and you will find out that furniture is one of the most marked up consumer goods in existence. A couch that would take $150 in materials and $400 in assembly time sells for $2000+ (even with transportation and distribution costs, you're still looking at a big big profit).

The reason they offer these seemingly crazy 0% deals is because they want as many people as possible to be ABLE to buy these ridiculously marked up pieces of furniture (particularly if you need to furnish a lot of rooms).

But if that wasn't enough profit, they also count on a certain percentage of people not paying off the debt on time (which is usually the last day of month 60 SHARP). Because if you don't have the check cleared and registered as payment by that day, they charge you all the interest for all the months since the beginning and the rate is quite high (like 28%).

I would research more next time before adding such a misguided comment.

Stacey,

 As soon as I walked into the store I asked the gentlemen who approached me many questions. One of the questions was wether or not 0% financing was still available. His response was this financing was available for anywhere from 6-60 months. If you want a piece of paper I can not help you, but if you want the truth about what took place yesterday then everything I stated is true.

Later in the evening I received another call where the seller was trying to give me the 60 month financing option with the prices from two weeks ago only the prices he was quoting me were higher than the prices that the furniture was listed for by about $200-$300 each.

Like I said before, it is like dealing with used car salesmen. They pull the old bait and switch on you.

 Do you know what 60 months no interest is?? That is 5 YEARS!!! I guarantee there is no furniture store, auto dealership, etc etc that would offer that at any time! I suggest your read the ad again and if states that please post that ad here. 

I would love to see that