DJ finance provides amateur and professional DJs alike with the opportunity to pick up high-end DJ equipment and spread the costs over several years. Rather than saving indefinitely to fund a DJ equipment purchase, it’s preferable for many to buy now and pay later.

Quality DJ hardware and software doesn’t have to be expensive, but the costs can quickly add up. Particularly if starting out from scratch or looking to go pro, it’s surprising how fast you can be looking at a pretty elevated bill. Precisely where DJ finance comes into the mix – the perfect way of purchasing pro hardware, without punishing your pocket too severely.

Still, there are some who remain unconvinced about the whole DJ finance idea, due to one or more misguided preconceptions. It’s natural (and sensible) to be cautious when it comes to any kind of finance, given how finance is, by its very nature, a form of debt.

Nevertheless, DJ finance is all about getting yourself set up with the hardware you need to let your talent do the talking today, rather than waiting for a tomorrow that might never arrive. 

So with this in mind, here’s a brief overview of five longstanding DJ finance myths – none of which should stand in your way of picking up the DJ equipment you need:

First up, minimum spend policies vary significantly from one seller to the next.  Nevertheless, there’s no rule whatsoever to say that you have to spend a fortune to qualify for affordable finance. Some have reached the conclusion that you need to spend say £5,000 or more to get a good deal, when in reality, you could spread just £500 over several months if preferred. 

Perhaps the most common myth of all is the one that suggests DJ equipment finance is too expensive. Logically speaking, they argue that paying say 25% APR on an already costly investment simply doesn’t make sense – buying it outright at the standard purchase price is the way to go. In reality, the best DJ finance deals on the market right now are available with 0% interest and no arrangement fees whatsoever. This means that irrespective of how long it takes you to pay for your gear, you pay exactly the same price you would if you had purchased it for cash. 

All forms of personal finance are becoming easier to set up all the time. No complicated forms, no in-depth interviews and no need to disclose your life story.  Everything needed to arrange finance for DJ equipment takes place online and can be wrapped up in a matter of minutes. 

A poor credit score could make it tricky to qualify for DJ finance, but won’t necessarily count you out of the running. It all depends on the rest of your financial circumstances and exactly how much you intend to borrow. Hence, rather than simply assuming your credit score will invalidate your application, try talking to a DJ finance specialist and see what they can offer you.

Last but not least, some would-be buyers are put off by the prospect of handing over heavy deposits. Others simply don’t have the cash available to cover even a modest down payment, failing to realise that most leading DJ finance specialists are extremely flexible where deposits are concerned. You’ll typically be required to pay no more than 10% upfront, or perhaps even less. Which is, no matter how you look at it, far easier than paying for the whole shipment of DJ equipment outright.