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General Discussion

Johnny2X2X

(24,438 posts)

2. Financing

Reply to Auggie (Original post)

Wed Sep 29, 2021, 12:24 PM

Sep 2021

We went to a place with an oncologist for our dog, she needed chemo, they offered financing, but we had the cash, but I looked into the financing briefly and it was an outrageous interest rate for me and I have very good credit. They were talking about a 29.99% interest rate.

This is a national chain, but offer really good care for cancer. The financing was outrageous and I know they prey on people who want the best for the furry family members.

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Highlight:

Private Equity is buying up veterinary clinics and pet hospitals: a "Future-Proof Enterprise" [View all] Auggie Sep 2021 OP

I know they have rapidly driven private clinic owners out of business in areas across the US. hlthe2b Sep 2021 #1

One possible benefit but it's unlikely to happen IMO ... Auggie Sep 2021 #4

Mars is big in both Vet services and pet foods. Klaralven Sep 2021 #10

We have a Blue Pearl and a locally SharonClark Sep 2021 #11

Thanks for sharing. Very interesting. Auggie Sep 2021 #15

Financing Johnny2X2X Sep 2021 #2

From the OP: a 4-5x return over three years. Guess financing is one way. Auggie Sep 2021 #6

Everyone decries the practices of Banfield in this area. alphafemale Sep 2021 #3

It has become more difficult to find an independent vet MissB Sep 2021 #5

How many animals do you have? SharonClark Sep 2021 #12

More than MissB Sep 2021 #13

A vet who worked for a private practice moved to a practice that was bought by a corporate Klaralven Sep 2021 #7

I mentioned up thread the possibility of some positives Auggie Sep 2021 #9

I'm sure you're right that it's a big factor, but spooky3 Sep 2021 #8

This happened to our vet Patton French Sep 2021 #14