DJI makes the best drones in the world. They have far better camera quality, range, and flight distance capabilities than the competition. These top of the line features do come at a cost however. DJI drones can easily cost upwards of a thousand dollars for consumer drones and tens of thousands for professional grade products.
Fortunately, there are several affordable options for financing a DJI drone. Financing is especially helpful if you are creating a drone company and you need money to get it off the ground. Below we look at the top methods to get a loan for a DJI product.
We do not recommend financing a DJI drone if it’s just for recreational purposes unless you want to temporarily take advantage of a 0% APR offer (see below). Always be sure that you can make the monthly payments and you should ideally pay extra each month to pay less interest over time. Getting stuck in a spiral of credit is never good. For business purposes it may make sense since you may be able to pay off the drone after a few jobs.
Get Financing on DJI.com
The easiest way to get financing for a DJI drone is by purchasing it on DJI.com. You can get financing from Affirm during the checkout process. Affirm is a reputable company who is known not to have fine print that will hit you with random hidden charges.
Affirm offers 3, 6, and 12 month financing during the checkout process. They will tell you how much money they can offer you offer you in just minutes. The APR from the company is 10 – 30% based on credit worthiness. Affirm says that checking your loan eligibility won’t affect your credit score. There are no penalties for early payment through the company.
Here’s an example of how affirm works. If you want to get the $1099 Mavic Pro Platinum you could get it for $184 per month for 6 months. You could also pay $97 per month for 12 months with a 10% APR.
Put It on Your Credit Card
You can put your DJI drone on a credit card easily. This can be done at DJI.com and on Amazon, depending on where you prefer to order. It’s very important to make sure that you get the best offer possible.
Ideally, you should look for a 0% APR offer for a credit card before buying. This will allow you to borrow the money for free for a few months, which can help out a lot. Once again, it’s important that you know you can pay it off quickly so that you are not stuck paying high interest rates.
Get a Line of Credit
You can explore getting a personal line of credit or even a home equity line of credit to get a DJI drone. These come with much lower interest rates than credit cards. This is a better option if you know you will be keeping your balance for a little while.
Consider a Used Drone
You can look into ways to get your DJI drone for cheap. One of the easiest ways is to get a refurbished drone from DJI and you can save a $100 off the bat. You can also look and see if you are qualified for discounts.
Overall, it makes sense to finance a DJI drone in certain cases. It’s worth shopping around and looking at various options before getting a loan, especially if you plan on keeping it for a while. This can save you hundreds of dollars down the road.