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Post by lionelllc on Jan 29, 2023 21:39:20 GMT
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Post by thebigcrabcake on Jan 30, 2023 3:22:11 GMT
There is no such thing as a Lionel Credit Card...Not yet anyway. But it's not a far off possibility. Emile Well, that's not correct. Lionel has issued a credit card. You can read more about it here: Stu That’s an Affinity card. It wasn’t issued by Lionel. Lionel was the name on the card but wasn’t the source of the financing or the risk. The card was issued by a bank. The point of the thread is that Lionel is in a position to BE THE BANK because their risk would be reduced from the start by the difference between their per item Cost of Good Sold and the retail price. Lionel today, is owned by people from the world of finance who possibly intended to create this situation. It would be a great business move for Lionel, but for anyone who chose to purchase a train this way, it would be a poor financial decision.
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Post by lionelllc on Jan 30, 2023 15:09:20 GMT
Well, that's not correct. Lionel has issued a credit card. You can read more about it here: Stu That’s an Affinity card. It wasn’t issued by Lionel. Lionel was the name on the card but wasn’t the source of the financing or the risk. The card was issued by a bank. The point of the thread is that Lionel is in a position to BE THE BANK because their risk would be reduced from the start by the difference between their per item Cost of Good Sold and the retail price. Lionel today, is owned by people from the world of finance who possibly intended to create this situation. It would be a great business move for Lionel, but for anyone who chose to purchase a train this way, it would be a poor financial decision. Ah ... be the bank ... OK, now I see your point. Stu
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Post by firewood on Jan 30, 2023 21:33:24 GMT
Great shot, Emile!  I figure the interest rate should be pegged to the period of the locomotive - I prefer 1930s steamers! Dave |
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Post by eddieg on Jan 31, 2023 2:25:20 GMT
If you guys get a Lionel credit card, you would just max it out.
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Post by david1 on Jan 31, 2023 7:08:24 GMT
I have one CC,emergency only,
Dave
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I figure the interest rate should be pegged to the period of the locomotive - I prefer 1930s steamers!