macbook on finance?

Discussion in 'MacBook' started by OliverOSX93, Oct 9, 2010.

  1. macrumors regular

    Joined:
    Jun 26, 2010
    Location:
    Accrington
    #1
    I want to get a macbook but the only way it seems I can afford it is with the pay weekly finance option.

    how long will it take to pay off the cost of the macbook and how much extra will I end up paying?
     
  2. macrumors Westmere

    GGJstudios

    Joined:
    May 16, 2008
    #2
  3. thread starter macrumors regular

    Joined:
    Jun 26, 2010
    Location:
    Accrington
    #3
  4. macrumors Westmere

    GGJstudios

    Joined:
    May 16, 2008
    #4
    That's still not enough information. Do you know how financing works?
     
  5. thread starter macrumors regular

    Joined:
    Jun 26, 2010
    Location:
    Accrington
    #5
    Honestly it's my first time doing anything with financing. I'll have to ask my gran about it tommorow since she's good with things like this. :eek:
     
  6. Moderator emeritus

    robbieduncan

    Joined:
    Jul 24, 2002
    Location:
    London
    #6
    Assuming you're looking at the Apple financing on the UK store it says

    "36 months at 14.9% interest
    Typical 14.9% APR"

    Note that's typical: not everyone get's that rate. If you are a poor credit risk then you will pay more than that.

    This seems to jibe with you're £30 a month thing as the example they give is "Finance agreement of £1000, 36 monthly repayments at £34.14". This example assumes their 14.9% typical APR. Over the 3 years this equates you you paying a total of 22.9% more than the purchase price. So on a £849 MacBook you'd actually pay £1043.42.
     
  7. thread starter macrumors regular

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    Jun 26, 2010
    Location:
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    #7

    ah I understand, thanks for that:)
     
  8. Guest

    AAPLaday

    Joined:
    Aug 6, 2008
    Location:
    Manchester UK
    #8
    If you want my advice i would save up and buy it as opposed to getting credit. Not that there is anything wrong with credit pre se but unless you fully understand how it works and what happens if you miss a payment then i would avoid.

    That same MacBook can be had off amazon for about £779 pounds. Thats £71 pounds saving straight away, and nearly £300 if you took the finance option.
     
  9. thread starter macrumors regular

    Joined:
    Jun 26, 2010
    Location:
    Accrington
    #9
    my gran is offering to get it me on finance I was just wondering how much more it would be in the long run.

    (also I probably should have mentioned it was my gran and not me paying, sorry about that I wrote "me" out of habbit)
     

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