1.
Flight Club introduced a new financing system over the weekend that would allow buyers a year to pay off sneakers at interest rates ranging from 10%-30%. It's an idea that has brought forth plenty of debate on the concept of making payments on sneakers. The function has since disappeared from their site, but according to a store representative, they will be bringing the financing payment option back soon.
In the meantime, for those of you who may be considering taking a loan on sneakers, we’ve done some calculations to find out just how much those sneakers may end up costing you.
We explored Flight Club inventory at prices ranging from $125 through $11,000, and calculated the total you’d spend in a year at the high, mid, and low interest rates being offered for the plan.
Nike Air Huarache
2.
Original Retail Price: $100
Current Campless Average: N/A
Flight Club Price: $125
Financed Total at 10% Interest Rate: $131.88
Financed Total at 20% Interest Rate: $138.96
Financed Total at 30% Interest Rate: $146.28
Air Jordan 7 Retro “French Blue”
4.
Original Retail Price: $190
Current Campless Average: $197
Flight Club Price: $250
Financed Total at 10% Interest Rate: $263.76
Financed Total at 20% Interest Rate: $277.92
Financed Total at 30% Interest Rate: $292.44
Air Jordan 11 Retro “Gamma Blue”
6.
Original Retail Price: $185
Current Campless Average: $312
Flight Club Price: $500
Financed Total at 10% Interest Rate: $527.52
Financed Total at 20% Interest Rate: $555.84
Financed Total at 30% Interest Rate: $584.88
Air Jordan 3 Retro ‘88 Original
8.
Retail Price: $200
Current Campless Average: $401
Flight Club Price: $750
Financed Total at 10% Interest Rate: $791.28
Financed Total at 20% Interest Rate: $833.76
Financed Total at 30% Interest Rate: $877.44
adidas Yeezy Boost 350 “Black”
10.
Original Retail Price: $200
Current Campless Average: N/A
Flight Club Price: $1,000
Financed Total at 10% Interest Rate: $1,055.04
Financed Total at 20% Interest Rate: $1,111.56
Financed Total at 30% Interest Rate: $1,169.88
adidas Yeezy Boost 750
12.
Original Retail Price: $350
Current Campless Average: $1,392
Flight Club Price: $2,250
Financed Total at 10% Interest Rate: $2,373.72
Financed Total at 20% Interest Rate: $2,501.16
Financed Total at 30% Interest Rate: $2,632.20
Nike Air Yeezy
14.
Original Retail Price: $215
Current Campless Average: $1,727
Flight Club Price: $4,000
Financed Total at 10% Interest Rate: $4,219.92
Financed Total at 20% Interest Rate: $4,446.48
Financed Total at 30% Interest Rate: $4,679.40
Nike Air Yeezy 2 “Red October”
16.
Original Retail Price: $245
Current Campless Average: $3,940
Flight Club Price: $5,500
Financed Total at 10% Interest Rate: $5,802.48
Financed Total at 20% Interest Rate: $6,113.88
Financed Total at 30% Interest Rate: $6,434.16
Nike MAG
18.
Original Retail Price: N/A (auction only)
Current Campless Average: $6,103
Flight Club Price: $8,000
Financed Total at 10% Interest Rate: $8439.96
Financed Total at 20% Interest Rate: $8,892.96
Financed Total at 30% Interest Rate: $9,358.80
Nike Dunk Low Pro SB “Paris”
20.
Original Retail Price: $70
Current Campless Average: $2,308
Flight Club Price: $11,000
Financed Total at 10% Interest Rate: $11,604.84
Financed Total at 20% Interest Rate: $12,227.67
Financed Total at 30% Interest Rate: $12,868.32