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Best Buy and Apple Expand Upgrade+ Program to Include iMac and Mac Studio
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interest free financing, and invest the cash instead would be valid reason
TheYayAreaLiving 🎗️
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Works just fine for me on Safari. Also tried it on Mozilla Firefox. Maybe it's time to clear the cookies/cache.
Car leasing is nothing new. This is similar. And many people are leasing their furnitures as well in the states, so leasing a computer is not a foreign concept. It's inevitable due to inflation outpacing income and Apple only looking to increase prices.
And for smart buyers, it's basically interest free financing. Anyone who wants to keep their machines for at least 36 months can benefit from this program.
Say you go into this think you will get a newer model after 36 months. That's a gamble that Apple will refresh that product in that timelime. That doesn't always happen.
Think about it.
I can give Apple $2000 upfront for a mac, or I can finance it for 37 month interest free, and in the meantime, invest the money somewhere else. I'd rather do the later than giving all $2000 to Apple upfront.
If you can get 0% interest, or at least a low interest rate (< 7%), then you'll make out well. A 7% interest rate is basically 0% after inflation.
People are afraid of debt because it can get out of hand. But like anything, you need to manage it. Debt is a trade, and you have to make sure that trade is worth it. In general, money today is worth more than money tomorrow. Even if you could buy it in a lump sum it's worth it to check, because you might get a better deal.
People are afraid of debt because it can get out of hand. But like anything, you need to manage it. Debt is a trade, and you have to make sure that trade is worth it. In general, money today is worth more than money tomorrow. Even if you could buy it in a lump sum it's worth it to check, because you might get a better deal.
Yeah, I'm glad I'm not the only one. The 0% financing on Apple Card and the Upgrade+ program are great, as long as they're not abused (buying something you can't afford).
Yup. We have to manage our own money smarter.
Many old school thinking are afraid of financing. But for me, if it's interest free, why not? I would already be saving money due to inflation alone.
All of my current debt is interest free, including my car loan. If they weren't interest free I would not keep the debt. The debt is also good to keep credit rating up. If I paid it all off, credit rating then goes down.
Seems like a no-brainer, zero interest is ****ing awesome.
Any time you are buying something that has zero interest, you are paying for it with future dollars that are worth less.
As an example, if you buy a $1000 Mac and pay it off in 3 years, have locked in the 2022 $1000 purchase price, and then pay it off with 2025 money that's only worth $850ish.
Its disappointing that they seem to have limited configuration options, but I would 100% buy my next Mac this way.
Any time you are buying something that has zero interest, you are paying for it with future dollars that are worth less.
As an example, if you buy a $1000 Mac and pay it off in 3 years, have locked in the 2022 $1000 purchase price, and then pay it off with 2025 money that's only worth $850ish.
Its disappointing that they seem to have limited configuration options, but I would 100% buy my next Mac this way.
I live in mexico. I have the luxury of buying my Apple products and sell it relatively high. For example, i just sold a 2020 M1 Mac for $800
After what Best Buy did to its loyal customers this year, I am not ever going to buy a big ticket item like a Mac or TV with them again.
For anyone not aware, they took away the elite and elite plus program. You had to spend thousands of dollars to earn it, it came with many perks. So if you bought an appliance like a refridgerator, a computer, a TV etc, you earned those perks. I went to buy something one day on their website and couldn't figure out why my same day shipping option was just gone. Then I found this out.. felt pretty bad.
For anyone not aware, they took away the elite and elite plus program. You had to spend thousands of dollars to earn it, it came with many perks. So if you bought an appliance like a refridgerator, a computer, a TV etc, you earned those perks. I went to buy something one day on their website and couldn't figure out why my same day shipping option was just gone. Then I found this out.. felt pretty bad.
I have an Amazon Store card which offers similar deals and lets me pay off on any Apple product over time. I can do the same with my Apple Card, is just that if you have a balance on the card, for say groceries and you want to make a installment just on the Apple product you bought, you can't. You have to pay off the groceries in order to pay the amount you want on the installment. I love the 3% back, but I will stick to Amazon going forward for most of my Apple hardware purchases.
I would like to know more about the 0% interest car loan. Don't tell me it is 2%, which is basically free. I am genuinely curious how you got a 0% car loan.
I was going to say, my wife and I had like a 2.5% interest rate once. While I considered that almost 0% it technically wasn't, lol. I thought I got the steal of the century when I had that on my Civic.
Does Apple or Best Buy send someone to repossess your Mac if you miss too many payments? 🤣
Reminds me of