Engagement Ring Finance

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Interest Free Finance - Engagement Rings

We know you have plenty of things to pay for and plenty of things to be thinking about, at the start of a new relationship, which is why we offer a really simple and interest free finance arrangement.

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Engagement Rings - Interest Free Finance

The exact terms of our interest free finance for engagement rings are shown at the end of this page. A simple illustration is as follows:

    You make 3 payments in total
  • 1 payment of 50% as a deposit
  • 1 payment of 25% a month later
  • and 1 final payment of 25% a month later

For example. Let's say you choose a ring on the 5th of November which costs NZD $6,000. The first payment would be the deposit of NZD $3,000, which you would pay when the order is placed (in this case on the 5th of November). The next payment would be NZD $1,500 on the 5th of December. Then, there is a final payment of NZD $1,500 on the 5th of January. That is 3 payments, which makes NZD $6,000 in total.

If you have any questions regarding interest free finance for engagement rings then please Contact Us.

Wedding Bands Interest Free Finance

We can provide the same interest free finance arrangement for wedding bands (wedding rings) as we do for engagement rings.

What are the terms

Our interest free finance terms for both engagement rings and wedding bands are as follows:

ONLINE PAYMENT TERMS

Version 2.07 7th January 2016 - Payment Terms.

FINANCE TERMS

Website Terms and Conditions:

1 In addition to the provisions of this Agreement, the purchase of any Items from 1791 Diamonds Ltd (“Provider”) offered through its website www.1791diamonds.com (“Website”) shall be subject to the terms and conditions posted at http://www.1791diamonds.com/legal/terms-and-conditions.html. All such terms and conditions are hereby incorporated by reference into this Agreement.

Item

2 All Items purchased by the Customer on credit pursuant to this Agreement shall encompass any combination of rings and precious stones set in such rings, as may be offered for sale by the Provider on the Website from time to time, and/or any repairs or replacements thereof.

Prices

3 The prices of all Items are set out in the Website, as updated from time to time. The Provider does not offer price protection or refunds in the event of a price change or a promotional offering. All prices are in New Zealand dollars and, unless stated otherwise, are inclusive of GST.

Payment Terms

4
  1. The Customer shall pay the Provider the following Payment Amounts at the following Due Dates.
    1. Deposit Amount, being the deposit representing 50% of the Total Purchase Price, shall be paid on the date of this Agreement;
    2. Instalment 1 Amount, being the first instalment representing 25% of the Total Purchase Price, shall be paid on Instalment 1 Due Date, being one (1) calendar month from the date of the Deposit, or on the 28th of the month after that of the Deposit date if the Deposit date is on the 29th, 30th or 31st;
    3. Instalment 2 Amount, being the second and final instalment representing 25% of the Total Purchase Price, shall be paid on Instalment 2 Due Date, being one (1) calendar month from Instalment 1 Due Date;
  2. The Customer shall not be entitled to set off or deduct any amounts due under this Agreement in respect of any claims made by the Customer against the Provider or for any reason whatsoever.
  3. Instalment payments by credit card incur a 2.4% handling fee.

Other Charges and Fees

5 Other Charges and Fees: No charges or fees shall be applicable in respect of the Customer’s credit purchase made pursuant to this Agreement unless the following applies:
  1. Late Payment Interest Fee, being interest charged at a rate of 1% per annum above the base lending rate of the Reserve Bank of New Zealand, or 13% per annum, whichever is higher, calculated daily on late payment of any amounts due under this Agreement from due date until date of full payment of the same;
  2. Other Administrative and Processing Fees and Charges as may be due and owing to the Provider from time to time, including the following:
    1. as a consequence of late payment of any amounts due under this Agreement, collection costs such as reasonable attorney fees, in-house legal expenses, collection agency fees, courts, sheriffs, witness travel expenses and so forth; and
    2. as a consequence of any returned cheque or rejected credit card charge or automatic bank account debit, processing fee to the amount allowable by law for any returned cheque or rejected credit card charge or automatic bank account debit.

Payment Methods

6 Payment of all amounts due under this Agreement shall be made by way of cash, electronic bank transfer, cheque, credit card or any other methods agreed upon by the Provider.

Title and Risk

7
  1. Risk in the Item shall pass to the Customer on the date of delivery, as provided in the Website Terms and Conditions.
  2. Title in the Item shall pass to the Customer only on the Customer discharging in full its indebtedness to the Provider under this Agreement.
  3. The Customer hereby agrees and warrants that the Customer shall not directly or indirectly sell the Item or any parts thereof prior to the title in the Item passing to the Customer.
  4. The Customer acknowledges and agrees that if the obligation under Clause 7(c) is breached by the Customer, the Customer shall hold the proceeds of sale on trust for the Provider, in an account in the name of the Provider, until the Customer discharges in full its indebtedness to the Provider.

Insurance

8
  1. The Customer shall procure and maintain fire, loss, theft and damage insurance against risk of loss and/or damage to the Item from the date of delivery until title in the Item is passed to the Customer in accordance with this Agreement.
  2. The amount required to be insured by the Customer shall be at a minimum an amount equivalent to the total amount payable by the Customer on instalments under this Agreement.
  3. A copy of the insurance policy must be given to the Provider within five (5) days from the date of delivery of the Item.

Customer’s Warranties

9 The Customer hereby warrants, agrees and acknowledges that:
  1. the Customer is over the legal age of consent and has the capacity to enter into this Agreement;
  2. when executed, the Agreement shall be a legal, valid and binding agreement of the Customer, enforceable against the Customer in accordance with its terms and conditions subject to all applicable laws, and will not violate or create a default under any law, rule, regulation, judgment, order, instrument, agreement or charter document binding on the Customer and/or its property;
  3. the Provider has not given to the Customer, and the Provider hereby expressly disclaims to the maximum extent permitted by law, all conditions, warranties, representations, liabilities and obligations, whether express or implied, including any conditions or warranties as to merchantability, fitness for purpose or correspondence with description, quality or suitability of the Item and any other express or implied conditions or warranties;
  4. the Provider shall not be liable for any direct or indirect, consequential or special loss or damages that may arise in respect of this Agreement and that the Customer has selected the Item based on its own judgment and discretion, and expressly disclaims any reliance upon any statements or representations made by the Provider;
  5. there are no pending or threatened actions or proceedings before any court or administrative agency that could have a material adverse effect on performance of the Customer’s obligations under this Agreement, nor is the Customer in default under any material loan, lease or purchase obligation; and
  6. all information furnished, and to be furnished by the Customer, shall be true, correct and complete.

Customer’s Indemnity

10 The Customer indemnifies the Provider against all claims, demands, liabilities, loss, expenses, costs and damages incurred by or made against the Provider arising out of any breach of obligations by the Customer under this Agreement.

Financial Information and Credit Reporting

11
  1. The Customer authorises the Provider, its contractors or external suppliers to obtain a credit report on the Customer’s credit history for the purposes of determining the Customer’s credit worthiness at the time of execution of this Agreement or anytime thereafter with respect to the credit sale of the Item to the Customer.
  2. If the Provider is unable to procure any credit reports on the Customer’s credit history, the Provider may request the Customer, and the Customer shall promptly furnish to the Provider at the Customer’s cost and expense, any personal or financial information of the Customer as required by the Provider to confirm the Customer’s identity and to assess the Customer’s credit worthiness for the purposes of this Agreement.
  3. The Provider is further authorised to provide information about the Provider’s credit experience with the Customer to others, including but not limited to credit bureaus, collection agencies, attorneys and/or other third parties.
  4. All personal information or data obtained in accordance with this provision shall be held securely in confidence, and shall be processed solely for the purposes of this Agreement, in accordance with the Privacy Act 1993.

Termination

12 Without limiting any other rights the Provider may have under this Agreement or by force of law or equity, if the Customer fails to make payment of any amounts due under this Agreement by their respective due dates, the Provider may terminate this Agreement and demand immediate payment of all monies due and owing under this Agreement, and may institute any recovery process as the Provider in its discretion thinks fit at the Customer’s cost and expense.

No Agency

13 Neither the Customer nor its representatives or agents, is an agent of the Provider, and any representations, claims or statements made by the Customer, its representatives or agents shall not bind the Provider in any way whatsoever.

Assignment

14
  1. The Provider may assign its right to receive payment due under this Agreement or any rights or obligations thereof without any prior written notice or approval to the Customer. Notwithstanding the aforesaid, any such assignment shall not relieve the Provider of its responsibilities to perform the duties and obligations imposed on it by this Agreement.
  2. The Customer must not in assign, dispose or in any way otherwise relinquish possession or control of all or any part of its obligations under this Agreement without the prior written approval of the Provider.

Applicable Law

15 This Agreement shall be governed by the laws of New Zealand and the parties hereby agree to the exclusive jurisdiction of the courts of New Zealand.

Binding Nature

16 This Agreement shall be binding upon, and shall inure for the benefit of the Provider, the Customer and their respective successors, legal representatives, and assigns.

Notices

17
  1. Any notice, request or other communication by one party to the other shall be given in writing by way of a posted or delivered letter, facsimile or electronic mail, addressed to the Contact Person, and using the contact details specified above.
  2. A notice, request or communication given in accordance with Clause 20(a) above shall be deemed to be received by the other party:
    1. if delivered to the recipient’s address, on the date of delivery;
    2. if sent by pre-paid post, seven (7) days after the date of posting;
    3. if sent by fax, when the sender’s facsimile system generates a message confirming successful transmission of the total number of pages of the notice, request or communication;
    4. if sent by electronic mail, when the sender does not receive any failed delivery email notification from either its, or the recipient’s, mail server within five (5) days after the date of the electronic mail.

Entire Agreement

18 Except otherwise provided in the terms and conditions set forth above, this Agreement constitutes the entire agreement between the parties and may only be modified by way of subsequent amendment in writing and signed by the parties.

Severability

19 If:
  1. Consumer Protection in New Zealand (collectively, “Code”), its regulations or any other law would otherwise make a provision in this Agreement illegal, void or unenforceable; or
  2. a provision in this Agreement would otherwise contravene a requirement of the Code or impose an obligation or liability which is prohibited by the Code, its regulations or any other law, then this Agreement is to be read as if that provision was varied to the extent necessary to comply with the Code, its regulations or that other law, or, if necessary, omitted, without affecting the continued operation of the rest of the provisions contained herein.

Customer’s Acceptance of Terms and Conditions

20
  1. I have read, and understand, and hereby acknowledge and agree to, the terms and conditions set forth above.
  2. I hereby acknowledge and agree that my obligations under this Agreement become irrevocable and independent upon my execution of this Agreement.
  3. I hereby waive my right to the Provider’s written acceptance of the terms and conditions above.
  4. By proceeding with the purchase using the Finance payment option, I acknowledge that I am accepting the terms and conditions set forth above and agree that proceeding with said purchase constitutes execution of this Agreement.

Let's Go Shopping

shop for engagement rings online Hopefully we have covered all the important things you need to know about finance for engagement rings and wedding bands. If you still have any questions, please use the enquire button at the top of the page.

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