The prices some people pay for aftermarket sneakers is outrageous. Certain models can go for upwards of 10 times their original retail price. With such large quantities of cash needed to procure the latest and greatest in the footwear world, some have found ways to come up with the dough: trading sneakers they already own, selling off valuables, and even resorting to violence. Flight Club is attempting to make things a little easier to afford how much it charges: the retailer is offering a financing program called Affirm.
On the retailer's website it says, "Enjoy your purchase immediately, with no hidden fees," before giving the fine details of Affirm. "Monthly payment calculations are based on the lowest advertised purchase price across all sizes at 10% APR for 12 months. Excludes tax and shipping fees which will be calculated at checkout," the site says.
To get everything sorted out, Flight Club says, "Provide some basic information and get instant approval to split your purchase (up to $10,000) into 3, 6, or 12 monthly payments with rates from 10-30% APR."
For example, a pair of Yeezy Boost 350s that are resold for $1,250 can be financed for as low as $87.87, according to Flight Club.
This certainly will help people pull the trigger on a pair of the aforementioned sneakers, Mags, or the most recent Air Jordan retro product, but it also provides a slippery slope. Credit card debt and owing people money on past purchases is no joke. Don't be surprised if a lot of sneaker connoisseurs stop answering their phones in the next few months.