Apple Reintroduces Financing Options in the United Kingdom

Discussion in 'Mac Blog Discussion' started by MacRumors, May 18, 2018.

  1. prasand macrumors 6502

    prasand

    Joined:
    Mar 24, 2015
    Location:
    UES, New York
    #26
    Not true, after being cash only all of my life ... I had only been building my credit for 6 months (having started with no credit), and was approved by Barclay. This happened a year and a half ago, so I think it's still relevant.
     
  2. kildraik macrumors 6502a

    kildraik

    Joined:
    May 7, 2006
    Location:
    Colorado Rockies
    #27
    That’s not true... But Barclays will certainly not approve people who are irresponsible with instalment and revolving accounts.
     
  3. larrylaffer macrumors 6502a

    larrylaffer

    Joined:
    Aug 1, 2009
    Location:
    Los Angeles
    #28
    TIL that in the UK they say "Instalments". CAN'T UNSEE
     
  4. 400 macrumors 6502

    Joined:
    Sep 12, 2015
    Location:
    Wales
    #29
    T+C indications are 12 July for the interest free. They are in the quote further up and online should you wish to read it directly, don’t take my word for it.

    Seems a short window to me so was not sure I had read it correctly.
    --- Post Merged, May 19, 2018 ---
    Over the years I have used many limited time offers of 0% to buy goods on tick. As long as the buyer is careful, it beats the bank rates and leaves savings untouched if you can pay out your monthly wage. Pity this offer is only to be repaid in 12 months.

    Not that standard savings is attracting anything lately in the UK.
     
  5. 400 macrumors 6502

    Joined:
    Sep 12, 2015
    Location:
    Wales
    #30
    There is also this on the Apple finance option page
    “Credit subject to status. Different durations and interest may be offered.”

    Not all pricing will get it? Not sure I want to test it in case there are credit searches on me.
     
  6. scaramoosh macrumors 6502a

    Joined:
    Nov 30, 2014
    #31
    If you have to get finance, don’t bother buying an Apple product. You can do way better buying other options for far less money, Apple is for the middle class.
     
  7. WarHeadz macrumors 6502a

    WarHeadz

    Joined:
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    Long Beach, California
    #32
    What an insightful opinion! :rolleyes:
    --- Post Merged, May 20, 2018 ---
    Lol how is that shameful? Seems like good business to me. You don’t have a right to a new iPhone. If you can’t afford to buy it outright and have crappy credit, no new iPhone for you. They ain’t a charity.
     
  8. lec0rsaire macrumors 65816

    Joined:
    Feb 23, 2017
    #33
    Not for very long. The days of nearly free money are coming to their end around the world. It was really nice while it lasted but they simply cannot remain that low forever without causing serious inflation.
     
  9. Jmmarnette macrumors newbie

    Joined:
    Apr 5, 2018
    #34
    AF15BE11-D1ED-420D-83FF-3AAAD8944451.png View attachment 762384 Can someone explain me why the interest rate is 18,5% in Belgium!!! This rate doesn't come from an obscure bank but from alpha credit which is bnp Paris bas and which is offering 12,5% on its site. You can have 3% if you go to your bank. That is roberry
     

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  10. ncmrnc macrumors newbie

    Joined:
    May 14, 2018
    #35
    Simples. :)
    It is how they make money.
    .
    These banks "exists" to make money through lending.
    Apple website has traffic. It's products has the right amount of pull to not to cancel the order after one is in that checkout page.
    The demographics that visits that section of financing option and gets approved are more likely not default. Or probably likely?
    .
    It's all about perception of risks in getting the money back "and" making money. I bet they had crunched a lot of data before deciding on the cost of lending that capital to those customers.
     
  11. 400 macrumors 6502

    Joined:
    Sep 12, 2015
    Location:
    Wales
    #36
    UK only 0% deal for a limited time? Maybe elsewhere in the world at another date? Only Apple can probably answer that.

    Many of credit deals are rubbish but a few good ones pop up and are handy if you happen to be able to make use of them at the time. This time this UK 0% deal is of no use to me.

    If you want robbery, then the short term loans at 1000%+ and they are legal.
     
  12. scaramoosh macrumors 6502a

    Joined:
    Nov 30, 2014
    #37
    Again people need to stop getting themselves in debt over an Apple product. I own a MacBook, it cost me close to 2K, I own a Windows Laptop that cost me £299. It’s funny because they share the same CPU, but my Windows Laptop has a much more powerful 940MX and can play any game I want, where my MacBook doesn’t. On top of that it has expandable ram and a SSD bay....

    Apple products are not best for everyone, if you need to finance it then I wouldn’t bother.
     
  13. 400 macrumors 6502

    Joined:
    Sep 12, 2015
    Location:
    Wales
    #38
    Getting into bad debt for it, yes, avoid and that goes for many things in life for non essentials.

    But a 0% tool to use responsibly, why not, for some it might fit in to their situation? People seem happy to pay over the odds tied into a contract phone and data, personally I think that is bonkers especially when a no nonsense phone for peanuts will do the job for many claiming poverty.

    Personally I avoid anything windows. So Apple, as expensive as it is (and it can be eye watering stupid price), is my preferred option. Might be others out there with the same outlook and can afford the long term option better than the up front hit.

    Outside the 0% though I would be going to a bank if I needed to long term finance the mac and within my means.
     
  14. AZMecha macrumors regular

    AZMecha

    Joined:
    Jun 30, 2015
    #39
    This is puzzling....

    I like by Barclays card, as time has allowed for it to grow, when I signed up back on iPhone 4...

    The rewards it offers in short pays for my Apple music and other peripherals.

    But what about story last week with Goldman Sachs starting a new program???? o_Oo_O
     
  15. entropyfl macrumors regular

    Joined:
    Oct 12, 2009
    #40
    What do you mean by Barclaycard offers? Do they offer a deal on Apple Music? are you UK based as well?
     
  16. orbital~debris macrumors 6502a

    orbital~debris

    Joined:
    Mar 3, 2004
    Location:
    England, UK, Europe
    #41
    The offer is over now (but IIRC it was extended from the July end-date, into August) and finance is currently only available with a non-0% price…

    I wonder if it will return? And before Christmas?
     
  17. orbital~debris macrumors 6502a

    orbital~debris

    Joined:
    Mar 3, 2004
    Location:
    England, UK, Europe
    #42
  18. jimthing, Jan 13, 2019
    Last edited: Jan 13, 2019

    jimthing macrumors 65816

    jimthing

    Joined:
    Apr 6, 2011
    Location:
    London, UK (Europe, Earth, Space)
    #43
    It is but only offering 12mths to pay back without accruing interest. TBH you'd be much better to get a 0% credit card.

    e.g. Virgin Money has one offering 0% on all purchases for a whopping 26 months, with no fees. Plus they do a cashback scheme giving 1.9% back on Apple.com purchases. On say £3K that'd be £57 – not a huge amount, but it's free money anyway (provided you clear the debt without paying interest, of course).

    Provided you can budget the repayments over time, this is more adaptable, as you could pay the minimum payment in months when your expenses are high, and higher payments in other months, all over a much longer 26mth maximum interest free period. ;-)
     

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