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BIRDinho
Apr 26, 2011, 09:27 AM
This past Sunday, April 24th, I was surfing the web for some macbook air deals. When I was on the Best Buy site, I was looking at the base 11" model. The price of $999 was red and crossed out, and said "view price in cart". When I added to cart it was $60 cheaper at $940.

I thought this was great and planned to do an in-store pickup the next day. When I logged in the following morning, the price was back to $999. Did I miss a weekend sale? The circular said nothing about this. I want that price!!
:confused:



rkaufmann87
Apr 26, 2011, 09:55 AM
Buy a refurb from Apple and save $150!

BIRDinho
Apr 26, 2011, 09:56 AM
Buy a refurb from Apple and save $150!

but they don't offer 18 month 0% financing

Lateraleye
Apr 26, 2011, 10:17 AM
They do offer 0% for the first 12 months on an order over $999 though. Grab AppleCare and you'll be good to go!

BIRDinho
Apr 26, 2011, 10:20 AM
They do offer 0% for the first 12 months on an order over $999 though. Grab AppleCare and you'll be good to go!

might as well just buy a new one at best buy for $999 with 18 month 0%

Buckeyes1995
Apr 26, 2011, 12:43 PM
As long as you're good with the base models, Best Buy's 18mo. is a nice option.. might as well spend their money instead of yours.

Unfortunately, you don't have many configuration options when you got the Best Buy route.

bella92108
Apr 26, 2011, 04:58 PM
Yikes.... financing a $950 laptop!!?!

BIRDinho
Apr 26, 2011, 05:13 PM
Yikes.... financing a $950 laptop!!?!

I don't earn much more than $1,000 per week. So spending almost an entire week's worth of my wages is a bit steep to me. It's much more comfortable to pay the $60/month financing and just pay more when I can.

bella92108
Apr 26, 2011, 05:21 PM
I don't earn much more than $1,000 per week. So spending almost an entire week's worth of my wages is a bit steep to me. It's much more comfortable to pay the $60/month financing and just pay more when I can.

So why not put the $60 a month into an interest-bearing CD\Money Market\Bank Account, and when you've saved enough to buy the computer, you'll likely be able to outright own a much better spec model since it'll take a year or two to save, and you'll have a couple bucks in interest.

I guess it makes sense that our government won't exercise fiscal discipline if those living in this country won't. lol

philxor
Apr 26, 2011, 05:21 PM
Yikes.... financing a $950 laptop!!?!

I've used their deal just because I'd rather just pay the small monthly amount instead of laying out $1K+ at one time, which can be earning money instead of sitting in Best Buy's bank account. Like another person said, you are paying for the laptop with their money upfront instead of yours, as long as you are disciplined enough to pay it off in 18 months it's not a bad deal.

bella92108
Apr 26, 2011, 05:25 PM
I've used their deal just because I'd rather just pay the small monthly amount instead of laying out $1K+ at one time, which can be earning money instead of sitting in Best Buy's bank account. Like another person said, you are paying for the laptop with their money upfront instead of yours, as long as you are disciplined enough to pay it off in 18 months it's not a bad deal.

Not to try to start a fight, but no, you're not using their money. You're prolonging the payment in exchange for collateral, this sort of misinformation is why we're in such trouble as a country. When you defer payments, you face devaluation of your collateral and inflation's devaluation of currency, so it's never smart to do. For years, we've been programmed to think using credit is okay... it used to be that credit was okay for buying a house, then it became a car is okay... now people think it's okay to finance a computer. That's one of the worst possible things you can finance.

BIRDinho
Apr 26, 2011, 05:26 PM
So why not put the $60 a month into an interest-bearing CD\Money Market\Bank Account, and when you've saved enough to buy the computer, you'll likely be able to outright own a much better spec model since it'll take a year or two to save, and you'll have a couple bucks in interest.


If I wait 2 years, I might as well wait forever

Beaverman3001
Apr 26, 2011, 05:29 PM
I'm glad this forum is suddenly full of financial planners :rolleyes:

People can spend their money how they want (shocking I know).

bella92108
Apr 26, 2011, 05:30 PM
If I wait 2 years, I might as well wait forever

LOL, you demonstrate such lack of discipline, lol. You're basically saying you know you can't exercise discipline. I am not sure when this behavior came into play. When I was a kid, I was taught that you earn something. If it were a car that you "NEEDED" to get you to and from work and was a reasonable purchase, I could understand, but I just don't understand when someone says they can wait 2 years to pay for something, but don't think it's fair to save for 2 years to be able to buy it... such a strange mentality thats become so prevalent in this country. Instant gratification and entitlement....

bella92108
Apr 26, 2011, 05:33 PM
I'm glad this forum is suddenly full of financial planners :rolleyes:

People can spend their money how they want (shocking I know).

But as he said, he's "spending Best Buy's money" (which I think he means Citi or whoever does BBY's financial services).... but that's my point, people should spend THEIR money, not other peoples. Because TONS of people default on retail accounts (I've seen statistics as high as 50%). Who do you think pay for that? The rest of us because retail and creditors have to mark up products and services to cover the write-offs from people who say "I want it today because if I have to save up for it for 2 years I might as well just wait forever" ....

lol, but enough on my personal opinions. Fortunately creditors have tightened up and the low-lifes have a slightly harder time getting credit now. :-)

BIRDinho
Apr 26, 2011, 05:34 PM
I could understand, but I just don't understand when someone says they can wait 2 years to pay for something, but don't think it's fair to save for 2 years to be able to buy it... such a strange mentality thats become so prevalent in this country. Instant gratification and entitlement....

After the 2 years, I will no longer be saving for the original laptop since that would be nearly obsolete. What is the point of saving for 2 years, to buy a 2 year old laptop?

bella92108
Apr 26, 2011, 05:38 PM
After the 2 years, I will no longer be saving for the original laptop since that would be nearly obsolete. What is the point of saving for 2 years, to buy a 2 year old laptop?

Thank you, you made my point. Because if you save two years you can buy the latest and greatest laptop and own it outright, or buy today's (already aging) technology and pay for it for two years and by the time you own it it'll be THREE YEARS OLD and dated as hell, and then you'll not be satisfied with it because everyone on here will be talking about how great their 4ghz quad core with 4TB SSD and 16GB RAM is, and you'll be miserable because in May 2013 you'll have just made the final payment on your 2010 MacBook Air 1.4ghz core 2 duo laptop....

Get it? When you make payments, you never own something until the last payment is made. When you finance technology, you'll never ever win, lol.

zepharus
Apr 26, 2011, 05:43 PM
LOL, you demonstrate such lack of discipline, lol. You're basically saying you know you can't exercise discipline. I am not sure when this behavior came into play. When I was a kid, I was taught that you earn something. If it were a car that you "NEEDED" to get you to and from work and was a reasonable purchase, I could understand, but I just don't understand when someone says they can wait 2 years to pay for something, but don't think it's fair to save for 2 years to be able to buy it... such a strange mentality thats become so prevalent in this country. Instant gratification and entitlement....

Jimmny Cricket should be on the Disney forum and not here. I get where you are coming from and whether you are right or wrong is not in question. People dont come here to be preached to. You be fiscally responsible and let others do what they do, it does not affect you and your excellent credit rating :)

BIRDinho
Apr 26, 2011, 05:43 PM
Get it? When you make payments, you never own something until the last payment is made. When you finance technology, you'll never ever win, lol.

I understand. My point wasn't to take advantage of the minimum payment option. But using credit allows me to pay as much as I want, as quick as I want. I could pay it off in 3 months time if I choose to. Then the laptop would become entirely mine and still be new.

Blue Fox
Apr 26, 2011, 05:56 PM
LOL, you demonstrate such lack of discipline, lol. You're basically saying you know you can't exercise discipline. I am not sure when this behavior came into play. When I was a kid, I was taught that you earn something. If it were a car that you "NEEDED" to get you to and from work and was a reasonable purchase, I could understand, but I just don't understand when someone says they can wait 2 years to pay for something, but don't think it's fair to save for 2 years to be able to buy it... such a strange mentality thats become so prevalent in this country. Instant gratification and entitlement....

This thread neither asked for, nor wanted financial advise regarding financing. Nor is it a "strange mentality" to want to finance (at no interest) a product and pay it off over a couple of months. Nor are you in any position to be lecturing/preaching to anyone on the way they spend their money. No replies are necessary to this, thank you.

As for the OP's original question, $60 savings on a $1000 laptop isn't anything to really stress over. That's not even savings in tax. I'd just get the one you want and be happy with it.

bella92108
Apr 26, 2011, 05:57 PM
I understand. My point wasn't to take advantage of the minimum payment option. But using credit allows me to pay as much as I want, as quick as I want. I could pay it off in 3 months time if I choose to. Then the laptop would become entirely mine and still be new.

Right, understood. If you had the means to buy it in 3 months, then you'd be an idiot to buy today when you know a new model will be out in 3 months that you supposedly could pay cash for.

No, even IF you paid it off in 3 months ("time") it will still not be "new" lol

bella92108
Apr 26, 2011, 05:59 PM
This thread neither asked for, nor wanted financial advise regarding financing. Nor is it a "strange mentality" to want to finance (at no interest) a product and pay it off over a couple of months. Nor are you in any position to be lecturing/preaching to anyone on the way they spend their money. No replies are necessary to this, thank you.

If you don't want anyone to give opinions you don't agree with, don't read and don't post. You're a hypocrite. You support opinions as long as they agree with you, but chastise those who oppose your views... wow. Maybe you should stick to sites like www.bestbuy.com... the purpose of a forum is to exchange ideas freely, even if they don't agree with your ideas. I have just as much right to give examples of how credit may have an adverse effect than what the poster intends.

Beaverman3001
Apr 26, 2011, 06:02 PM
Right, understood. If you had the means to buy it in 3 months, then you'd be an idiot to buy today when you know a new model will be out in 3 months that you supposedly could pay cash for.

No, even IF you paid it off in 3 months ("time") it will still not be "new" lol

The 2010 version might be more ideal than the 2011 version for the OP. You also don't know the OPs credit history, current debts and assets, intentions for payment plans, computing needs, etc. You are giving advice that is being based on your opinion, not any actual facts. It is useless.

The guy just wanted information on besybuy's sales, not your financial intuition.

bella92108
Apr 26, 2011, 06:10 PM
The 2010 version might be more ideal than the 2011 version for the OP. You also don't know the OPs credit history, current debts and assets, intentions for payment plans, computing needs, etc. You are giving advice that is being based on your opinion, not any actual facts. It is useless.

The guy just wanted information on besybuy's sales, not your financial intuition.

Right. Nobody NEEDS a MB Air, so don't even go there. If things are tight and he needs a computer, Acer sells one for $299 that will accomplish everything you can do on a MB Air. The issue is people WANT macbook air because they look nicer, are cooler, etc. I don't blame em, but if I were so hard up that I couldn't buy a laptop without borrowing the money from someone else to buy it, it would cause me to reevaluate if it's a NEED or a WANT.

Entitlement. Like I said. Has nothing to do with his credit history, nor his computing needs, etc. I'm just going to stop arguing, because the average american is more than $10k in debt, so naturally most people are defensive as it's the life they've learned to be stuck in. But I will say, having zero debt feels amazing.

:-)

Beaverman3001
Apr 26, 2011, 06:13 PM
Right. Nobody NEEDS a MB Air, so don't even go there. If things are tight and he needs a computer, Acer sells one for $299 that will accomplish everything you can do on a MB Air. The issue is people WANT macbook air because they look nicer, are cooler, etc. I don't blame em, but if I were so hard up that I couldn't buy a laptop without borrowing the money from someone else to buy it, it would cause me to reevaluate if it's a NEED or a WANT.

Entitlement. Like I said. Has nothing to do with his credit history, nor his computing needs, etc. I'm just going to stop arguing, because the average american is more than $10k in debt, so naturally most people are defensive as it's the life they've learned to be stuck in. But I will say, having zero debt feels amazing.

:-)

Oh, I didn't know Acer laptops running Windows could run Final Cut Pro or Aperture, or any of the multitude of everyday applications people use to make a living that are OS specific. As I said, it is your opinion based on what you think without knowing any of the reasonings around the OPs intended purchase.

Grats on your zero debt, I have none either. I'm also not pretentious enough to tell people how to plan their purchases.

bella92108
Apr 26, 2011, 06:18 PM
Oh, I didn't know Acer laptops running Windows could run Final Cut Pro or Aperture, or any of the multitude of everyday applications people use to make a living that are OS specific. As I said, it is your opinion based on what you think without knowing any of the reasonings around the OPs intended purchase.

Grats on your zero debt, I have none either. I'm also not pretentious enough to tell people how to plan their purchases.

If someone is using a 1.4ghz 2gb ram, 64gb HDD 11" MacBook Air to make their living as a photo or video professional and can't afford a $900 replacement, maybe its time to re-think their career.

And you should try to enlighten others as to responsible use of credit, because ultimately those who don't use it properly cost everyone more $$. It's a big accomplishment to be debt free. You brag about the Mac computers you own in your signature, and you think it's pretentious to express opinion that it's better to save then buy rather than buy then figure out how to pay? LOL..... strange.

Beaverman3001
Apr 26, 2011, 06:23 PM
If someone is using a 1.4ghz 2gb ram, 64gb HDD 11" MacBook Air to make their living as a photo or video professional and can't afford a $900 replacement, maybe its time to re-think their career.

And you should try to enlighten others as to responsible use of credit, because ultimately those who don't use it properly cost everyone more $$. It's a big accomplishment to be debt free. You brag about the Mac computers you own in your signature, and you think it's pretentious to express opinion that it's better to save then buy rather than buy then figure out how to pay? LOL..... strange.

There are more applications besides the ones I listed that are OS specific that could be mission critical in importance to someones work flow.

I list my computers so if I talk in a thread about "my MBA..." people can see which model I am referring to, instead of me having to list it or them having to ask. I'm not "that guy" giving unasked for advice on a subject that tends to be personal and require full details to fully judge.

bella92108
Apr 26, 2011, 06:27 PM
I list my computers so if I talk in a thread about "my MBA..." people can see which model I am referring to, instead of me having to list it or them having to ask. I'm not "that guy" giving unasked for advice on a subject that tends to be personal and require full details to fully judge.

So it's okay to give advice to say he should buy refurb without knowing his full details, but not comment on those posting that he should "spend someone else's money" to buy it, lol.

I get it, so it's only okay to give opinions when it's an opinion you agree with. Got it.

Beaverman3001
Apr 26, 2011, 06:29 PM
So it's okay to give advice to say he should buy refurb without knowing his full details, but not comment on those posting that he should "spend someone else's money" to buy it, lol.

I get it, so it's only okay to give opinions when it's an opinion you agree with. Got it.

If you actually reread the thread, I never once gave advice on whether he should or shouldn't buy it. I just wanted to chime in on how you shouldn't be giving advice while being uninformed.

bella92108
Apr 26, 2011, 06:32 PM
If you actually reread the thread, I never once gave advice on whether he should or shouldn't buy it. I just wanted to chime in on how you shouldn't be giving advice while being uninformed.

Right, but you didn't criticize the person who recommended buying refurbished. Who knows, maybe he's buying it for work, and most large companies have IT Purchasing policies that prohibit the purchasing of refurbished assets. Guess we should require credit, criminal, and background check to be able to post opinions here, haha

Beaverman3001
Apr 26, 2011, 06:34 PM
Right, but you didn't criticize the person who recommended buying refurbished. Who knows, maybe he's buying it for work, and most large companies have IT Purchasing policies that prohibit the purchasing of refurbished assets. Guess we should require credit, criminal, and background check to be able to post opinions here, haha

Why would I criticize a recommendation to buy refurbished? Your logic really makes no sense. I'm only criticizing you for giving advice you shouldn't be giving.

bella92108
Apr 26, 2011, 06:36 PM
Why would I criticize a recommendation to buy refurbished? Your logic really makes no sense. I'm only criticizing you for giving advice you shouldn't be giving.

You said I was not qualified to make a judgement about his purchase because I didn't know his background and computing needs, but you expressed no issue with the response that someone said he should buy refurb. It's the same thing, giving an opinion based on the information available. You only were vocal against my opinion because you disagree.

Beaverman3001
Apr 26, 2011, 06:41 PM
You said I was not qualified to make a judgement about his purchase because I didn't know his background and computing needs, but you expressed no issue with the response that someone said he should buy refurb. It's the same thing, giving an opinion based on the information available. You only were vocal against my opinion because you disagree.

I don't disagree with your opinion. With every Apple product I've bought I've paid for it out right, I hate financing anything. But you trying to give advice on someones long term financial concerns is annoying and unneeded. People know their personal finances and needs better than you, or me. If someone wanted real financial advice they would ask someone who was qualified and had actual financial knowledge.

The OP just wanted to know about bestbuy sales. He wasn't looking for a lecture of posts from you about why he is in the wrong for financing something interest free over 18 months.

The difference between your "advice" and the advice to buy refurb is, one is a suggestion as to how to obtain the item in question at a price less than or equal to the bestbuy sale the OP was interested in. Your advice does nothing in helping the OP with his interest of the bestbuy sale or obtaining said item in the same or better manner.

bella92108
Apr 26, 2011, 06:46 PM
I don't disagree with your opinion. With every Apple product I've bought I've paid for it out right, I hate financing anything. But you trying to give advice on someones long term financial concerns is annoying and unneeded. People know their personal finances and needs better than you, or me. If someone wanted real financial advice they would ask someone who was qualified and had actual financial knowledge.

The OP just wanted to know about bestbuy sales. He wasn't looking for a lecture of posts from you about why he is in the wrong for financing something interest free over 18 months.

The difference between your "advice" and the advice to buy refurb is, one is a suggestion as to how to obtain the item in question at a price less than or equal to the bestbuy sale the OP was interested in. Your advice does nothing in helping the OP with his interest of the bestbuy sale or obtaining said item in the same or better manner.

Understood. Done with this thread. I'm a finance major and have my MBA in finance marketing, but yeah, maybe he's better asking someone more qualified LOL.

Anyhow, people in this country have such a sense of entitlement there's no point in reasoning, so naturally anything that is intended as helpful advice is going to be seen as confrontational because it might compromise that person's sense of entitlement. Whatever, UNSUBSCRIBED.

Thanks for the laughs, enjoy your (I mean your finance company's) laptop in 2013 when it's paid off.

Beaverman3001
Apr 26, 2011, 06:51 PM
Understood. Done with this thread. I'm a finance major and have my MBA in finance marketing, but yeah, maybe he's better asking someone more qualified LOL.

Anyhow, people in this country have such a sense of entitlement there's no point in reasoning, so naturally anything that is intended as helpful advice is going to be seen as confrontational because it might compromise that person's sense of entitlement. Whatever, UNSUBSCRIBED.

Thanks for the laughs, enjoy your (I mean your finance company's) laptop in 2013 when it's paid off.

Cool story bro.


@the OP, MacMall has the base model for $948.94.

http://www.macmall.com/p/Apple-MacBook-Air/product~dpno~8233497~pdp.gcgaeee

But I have on idea what kind, if any, financing they offer. But if you are outside of California you would be able to avoid sales tax.

BIRDinho
Apr 26, 2011, 06:52 PM
Bella, you either come off as paying cash for absolutely everything in your life, you are extremely wealthy, or you have saved every single penny for years and years.


I'm interested to know how you bought a house/car while having zero debt, or, if not yet, how do you plan to without credit?

jb27
Apr 26, 2011, 06:56 PM
So why not put the $60 a month into an interest-bearing CD\Money Market\Bank Account, and when you've saved enough to buy the computer, you'll likely be able to outright own a much better spec model since it'll take a year or two to save, and you'll have a couple bucks in interest.

I guess it makes sense that our government won't exercise fiscal discipline if those living in this country won't. lol

Please let me know what "interest bearing" account you are using where you think he would make a reasonable about of interest a year off $60 a month. I don't mean this in a sarcastic manner, but from everything I've seen, interest rates are at an all time low (well under 1% for the timeframe you're referring to).

jns2001
Apr 26, 2011, 07:11 PM
You guys should read the M3 forum on E90post.com, they were talking about the same thing on 70-80K cars, leave the OP with his 60 bucks a month. This is not what is taking the toll on the amount of debt of the average american, but financing a 100K car, a million dollar home is.

Sdevante
Apr 26, 2011, 07:16 PM
Wow...this thread is full of a bunch of little asshats.

ender land
Apr 26, 2011, 07:34 PM
I don't earn much more than $1,000 per week. So spending almost an entire week's worth of my wages is a bit steep to me. It's much more comfortable to pay the $60/month financing and just pay more when I can.

If you make 1k a week, this bella character has a valid point (well overall, his actual argument supporting it is terrible), you should not have to "save up" to buy it, with an income of 50k you had better have enough in savings to cover a comparatively small purchase. If not you really should not finance this laptop imo as well.

Now, if you could easily buy it outright, there really is not a lot of issue with financing it in my opinion if you are sure to avoid any sort of missed payments, late fees, etc.


Entitlement. Like I said. Has nothing to do with his credit history, nor his computing needs, etc. I'm just going to stop arguing, because the average american is more than $10k in debt, so naturally most people are defensive as it's the life they've learned to be stuck in. But I will say, having zero debt feels amazing.

:-)

I will also say that having no debt feels amazing. Well I guess I have a car loan. I could just pay that off right now if I wanted I guess. Wait, there are reasons to finance things? What? No way!

Understood. Done with this thread. I'm a finance major and have my MBA in finance marketing, but yeah, maybe he's better asking someone more qualified LOL.

Anyhow, people in this country have such a sense of entitlement there's no point in reasoning, so naturally anything that is intended as helpful advice is going to be seen as confrontational because it might compromise that person's sense of entitlement. Whatever, UNSUBSCRIBED.

Thanks for the laughs, enjoy your (I mean your finance company's) laptop in 2013 when it's paid off.

You are an idiot. Apparently a degree in finance and an MBA in finance marketing do not prepare you to actually interact in the world in any sort of meaningful fashion.

christophermdia
Apr 26, 2011, 08:53 PM
Amazon has it for $968 no tax, free shipping and 12 mo no interest financing...can't beat that deal...

jdalbert
Apr 26, 2011, 09:03 PM
Not to try to start a fight, but no, you're not using their money. You're prolonging the payment in exchange for collateral, this sort of misinformation is why we're in such trouble as a country. When you defer payments, you face devaluation of your collateral and inflation's devaluation of currency, so it's never smart to do. For years, we've been programmed to think using credit is okay... it used to be that credit was okay for buying a house, then it became a car is okay... now people think it's okay to finance a computer. That's one of the worst possible things you can finance.

Apparently that MBA wasn't so helpful for you... Inflation hurts the lender, not the borrower. In this case, assuming inflation occurs, borrowing at 0% for repayment later is technically beneficial, since you will be paying back an amount less than the true "inflated" future value of the money (due to the fixed interest rate on the loan vs. the "floating" rate of inflation). Basic time value of money :D.

I do however agree with you that borrowing to finance wants instead of needs is usually a bad thing. But given a fixed interest rate of 0%, using finance theory (time value of money) to argue against borrowing isn't really correct.

fred_garvin
Apr 27, 2011, 12:59 AM
You should not be getting an Air now, mainly because the Sandy Bridge/Thunderbolt models will be out probably in May. Yeah, you can always wait, but the refresh cycle is due and this is a substantial upgrade in power.

+1 on the Amazon mention, a great place to buy Macs I've found. Just don't go there for iPads. $968 and if you don't need the financing, you'd get an extra 3% back using their credit card, which I like.

If you live in a high sales tax state, the best buy route is nearly $1100, while Amazon could be as low as $940 (after 3% back).

The suggestions for a CD, their money, etc don't work so well when interest rates are sub 1%. Never get back the $160 spread in my example.

P.S. You'll want to wait till June anyways to get the Sandy Bridge model AND get Lion with it. (Ok, we don't know, Lion could take till August). If you get Lion included, theres another $129 savings.

notjustjay
Apr 27, 2011, 12:41 PM
Well, I'm not going to presume to tell anyone what to do, but I can tell you about what happened to me. I bought my 12" PowerBook back in 2003 when I was living on a very meager student budget. I thought I'd finance it using a "6 months interest free" deal that Apple was offering at the time. In fact it was the only way I could have afforded it (granted this was closer to $3000 when all was said and done).

Unfortunately the financing details got messed up, and instead of getting an interest-free loan on a $2800 laptop, I ended up getting an interest-free loan on a $150 copy of Final Cut Express (the "interest-free" part only applied to the FIRST charge that appeared on the account, and when you order a BTO laptop plus software on the side, guess which ships -- and gets charged -- first??) I had the privilege of paying something like 28.8% interest on the remaining $2800.

To make that long story short, that launched me into a cycle of credit card and loan debt that took me close to 3 years to pay off completely. I paid off the Mac loan by drawing from other credit cards, and wiped out a chunk of my savings and investments to pay those credit cards off. I never did the math to see just how much I paid in interest -- and I don't even want to know.

Finance if you must, but be very careful and disciplined, and be wary of the fine print!

SidBala
Apr 27, 2011, 01:55 PM
Yeah I am not a finance major or anything. I am just a lowly Engineering Physicist here :P

But I don't understand what the argument against financing the product at 0% is. Could someone explain in lay man's terms?

I always thought that deferred spending is a good thing(at least for the spender). That cash you will be paying off with can be used for other stuff - maybe even used for making more cash in the short term.

If inflation did devalue the currency during the term of the financing, how does that affect the buyer? The terms of the financing are still the same. The amount of total money you pay is the same. So I would rather pay it later than right now.

So my question is, why wouldn't you go in for the 0% financing option even if you had the cash to buy it right now?

notjustjay
Apr 27, 2011, 03:19 PM
But I don't understand what the argument against financing the product at 0% is. Could someone explain in lay man's terms?

So my question is, why wouldn't you go in for the 0% financing option even if you had the cash to buy it right now?

The way I see it, there's nothing wrong with this in principle (and you're right, it's a good thing), but you do have to watch out for any caveats. As I learned in my experience, failure to abide strictly to the contract -- even if it was an accident, like in my case -- can bring about harsh penalties. That might mean that if you fail to make one of the monthly payments, for example, that the full force of a high-interest penalty might come slamming down. If you were financing in the first place because you couldn't afford to pay any more than the interest-free payments, then there's a risk that something going wrong could cause you great harm.

DaREdBaRoN
Apr 27, 2011, 03:44 PM
Ignore this preaching jerk who thinks he's so much better than you cause he doesn't use credit. If you want to finance go head, I know I do cause I'm broke working for BB. As far as the sale goes, there may have been an online Easter sale yesterday. Corporate doesn't really tell us retail folks what deals we have online so the fact that I never heard anything about it doesn't mean much. You might be able to go into the store and ask complain enough to get a manager to override it for you since it was only like 60 bucks. Never hurts to ask man!

RicoRich196
Apr 29, 2011, 01:45 AM
Ignore this preaching jerk who thinks he's so much better than you cause he doesn't use credit. If you want to finance go head, I know I do cause I'm broke working for BB. As far as the sale goes, there may have been an online Easter sale yesterday. Corporate doesn't really tell us retail folks what deals we have online so the fact that I never heard anything about it doesn't mean much. You might be able to go into the store and ask complain enough to get a manager to override it for you since it was only like 60 bucks. Never hurts to ask man!

http://www.lolbot.net/pix/10754.gif

AppleScruff1
Apr 29, 2011, 02:27 AM
But as he said, he's "spending Best Buy's money" (which I think he means Citi or whoever does BBY's financial services).... but that's my point, people should spend THEIR money, not other peoples. Because TONS of people default on retail accounts (I've seen statistics as high as 50%). Who do you think pay for that? The rest of us because retail and creditors have to mark up products and services to cover the write-offs from people who say "I want it today because if I have to save up for it for 2 years I might as well just wait forever" ....

lol, but enough on my personal opinions. Fortunately creditors have tightened up and the low-lifes have a slightly harder time getting credit now. :-)

The US government spends other countries money. :D And a lot of the business world runs on financing, both short and long term.

TheMacBookPro
Apr 29, 2011, 02:55 AM
Image (http://www.lolbot.net/pix/10754.gif)

Unnecessary post is unnecessary. Who are you to judge people based on how broke they are/where they work?

62tele
Apr 29, 2011, 03:47 AM
"I guess it makes sense that our government won't exercise fiscal discipline if those living in this country won't. lol"

I have news for you. We are a consumer driven economy. Without credit, our economy would be deeper in the hole. Credit isn't bad. Irresponsible use of credit is bad.

As for our government, perhaps if we didn't subsidize the oil industry, give enormous tax credits to the affluent or have $3 trillion wars we we could get closer to a balanced budget. I seem to recall that Clinton left W with a surplus.

Ps: get off your high horse about credit.

ZipZap
Apr 29, 2011, 03:58 AM
Ignore this preaching jerk who thinks he's so much better than you cause he doesn't use credit. If you want to finance go head, I know I do cause I'm broke working for BB. As far as the sale goes, there may have been an online Easter sale yesterday. Corporate doesn't really tell us retail folks what deals we have online so the fact that I never heard anything about it doesn't mean much. You might be able to go into the store and ask complain enough to get a manager to override it for you since it was only like 60 bucks. Never hurts to ask man!

You probably should have said nothing. You'll understand when you've been in the real world for a while longer.

RicoRich196
Apr 30, 2011, 07:32 AM
Unnecessary post is unnecessary. Who are you to judge people based on how broke they are/where they work?

And who are you to judge what post is necessary and unnecessary? I didn't judge anyone, he admitted to being broke all on his own. The bolded text from the post effectively proves the point of the whole argument presented in this thread. The image only supports that.

TheMacBookPro
Apr 30, 2011, 10:11 AM
And who are you to judge what post is necessary and unnecessary? I didn't judge anyone, he admitted to being broke all on his own. The bolded text from the post effectively proves the point of the whole argument presented in this thread. The image only supports that.

Tell me, in what universe is an image of a bunch of idiots facepalming a useful post which adds to the discussion?

So the guy might be biased towards financing as opposed to paying it off in one go because he's broke- does that make his opinion worthless? Maybe, but not more than your gif that's for sure.

BIRDinho
Apr 30, 2011, 03:59 PM
"I guess it makes sense that our government won't exercise fiscal discipline if those living in this country won't. lol"

I have news for you. We are a consumer driven economy. Without credit, our economy would be deeper in the hole. Credit isn't bad. Irresponsible use of credit is bad.

As for our government, perhaps if we didn't subsidize the oil industry, give enormous tax credits to the affluent or have $3 trillion wars we we could get closer to a balanced budget. I seem to recall that Clinton left W with a surplus.

Ps: get off your high horse about credit.

This ^^

mjo404
May 1, 2011, 02:04 PM
OP - Your sale is back... 949.99 "In-Cart"

BIRDinho
May 1, 2011, 09:18 PM
OP - Your sale is back... 949.99 "In-Cart"

Does anyone know if Best Buy offers a price guarantee for products bought less than a week before the sale started?

torbjoern
May 1, 2011, 10:48 PM
Right. Nobody NEEDS a MB Air, so don't even go there. If things are tight and he needs a computer, Acer sells one for $299 that will accomplish everything you can do on a MB Air. The issue is people WANT macbook air because they look nicer, are cooler, etc. I don't blame em, but if I were so hard up that I couldn't buy a laptop without borrowing the money from someone else to buy it, it would cause me to reevaluate if it's a NEED or a WANT.

Entitlement. Like I said. Has nothing to do with his credit history, nor his computing needs, etc. I'm just going to stop arguing, because the average american is more than $10k in debt, so naturally most people are defensive as it's the life they've learned to be stuck in. But I will say, having zero debt feels amazing.

:-)
It's true that nobody needs the extra features that the Air provides. I bought mine because I wanted it, but I had good reasons to want it, though ;-) Besides, I was going to buy an Apple notebook anyway. Since it was to be my only Mac and my primary computer, I allowed myself to purchase the Air. The price was equivalent to 9 months of cigarette consumption (yes, I used to be a smoker).

When you're writing about debt, I get curious about what kind of debt... mainly about what interest rates they pay for those $ 10k. Is it around 5-6 % or more like 25-30 %? In the former case, 10k is not really that much, but in the latter one, there would be reasons to be worried.

notjustjay
May 1, 2011, 11:51 PM
When you're writing about debt, I get curious about what kind of debt... mainly about what interest rates they pay for those $ 10k. Is it around 5-6 % or more like 25-30 %? In the former case, 10k is not really that much, but in the latter one, there would be reasons to be worried.

With a debt load of around $10K I would imagine this refers to credit card or line of credit, which can range wildly. My (unsecured) line of credit runs about 5% interest, and a secured one would presumably be less. My credit cards, on the other hand, vary from 18% to 28% interest -- but of course I try very hard to keep the balance on those as close to 0 as possible.

But in the horror story days, I was looking at $3000-4000 in credit card debt, and THAT was a hard treadmill to get off.

KohPhiPhi
May 2, 2011, 01:34 AM
Not to try to start a fight, but no, you're not using their money. You're prolonging the payment in exchange for collateral, this sort of misinformation is why we're in such trouble as a country. When you defer payments, you face devaluation of your collateral and inflation's devaluation of currency, so it's never smart to do. For years, we've been programmed to think using credit is okay... it used to be that credit was okay for buying a house, then it became a car is okay... now people think it's okay to finance a computer. That's one of the worst possible things you can finance.

Do you realize that you got it wrong regarding inflation? inflation won't hurt the borrower but the lender.

At a 0% interest, I would certainly finance absolutely everything I could while keeping my capital in an interest-bearing bank account. Why wouldn't I? the purchase costs me the same, plus inflation ticks in my favor plus I get paid for my capital.

torbjoern
May 2, 2011, 02:36 AM
Do you realize that you got it wrong regarding inflation? inflation won't hurt the borrower but the lender.

At a 0% interest, I would certainly finance absolutely everything I could while keeping my capital in an interest-bearing bank account. Why wouldn't I? the purchase costs me the same, plus inflation ticks in my favor plus I get paid for my capital.
I think you're absolutely right about this, given that you have the discipline to actually have that money when the 0%-period expires. The associated finance institution has put down a bet against that, so it's up to you to prove them wrong ;-)
But in the horror story days, I was looking at $3000-4000 in credit card debt, and THAT was a hard treadmill to get off.
Something similar happened to my parents when they were about the same age that I am now. It's hard for me to imagine that happening to them (of all), but that kinda proved to me that it can happen to anyone.

onthecouchagain
May 2, 2011, 02:31 PM
http://www.9to5mac.com/64917/best-buy-has-huge-mac-sale-not-just-for-imac-refresh/ (Best Buy has huge Mac sale, not just clearing for iMac refresh) According to 9to5

rmhop81
May 2, 2011, 08:04 PM
Not to try to start a fight, but no, you're not using their money. You're prolonging the payment in exchange for collateral, this sort of misinformation is why we're in such trouble as a country. When you defer payments, you face devaluation of your collateral and inflation's devaluation of currency, so it's never smart to do. For years, we've been programmed to think using credit is okay... it used to be that credit was okay for buying a house, then it became a car is okay... now people think it's okay to finance a computer. That's one of the worst possible things you can finance.
So i guess you own a house outright, own your car outright, have zero student loan debt and don't own a credit card??

rmhop81
May 2, 2011, 08:05 PM
Do you realize that you got it wrong regarding inflation? inflation won't hurt the borrower but the lender.

At a 0% interest, I would certainly finance absolutely everything I could while keeping my capital in an interest-bearing bank account. Why wouldn't I? the purchase costs me the same, plus inflation ticks in my favor plus I get paid for my capital.

hey back off, he's got his MBA remember ;)

oh yeah, and it's a he LOL

rmhop81
May 2, 2011, 08:14 PM
Right. Nobody NEEDS a MB Air, so don't even go there. If things are tight and he needs a computer, Acer sells one for $299 that will accomplish everything you can do on a MB Air. The issue is people WANT macbook air because they look nicer, are cooler, etc. I don't blame em, but if I were so hard up that I couldn't buy a laptop without borrowing the money from someone else to buy it, it would cause me to reevaluate if it's a NEED or a WANT.

Entitlement. Like I said. Has nothing to do with his credit history, nor his computing needs, etc. I'm just going to stop arguing, because the average american is more than $10k in debt, so naturally most people are defensive as it's the life they've learned to be stuck in. But I will say, having zero debt feels amazing.

:-)

go look at the wonderful role model that the US government is. go to the credit boards....
you're ridiculous.