Loan for mac pro.

[Chaos123x]

I bet the loan is not that bad, maybe $100 a month or a little more.

You just will be paying for it forever.

 

[jjahshik32]

I bet the loan is not that bad, maybe $100 a month or a little more.

You just will be paying for it forever.

What will become of the OP's friend when the newer mac pros are out same time next year!!

 

[Chaos123x]

What will become of the OP's friend when the newer mac pros are out same time next year!!

He will be stuck still paying for his old out of date system.

 

[edgew8]

He will be stuck still paying for his old out of date system.

Don't forget the RIAA/MPAA lawsuits and lawyer fees he will be paying off

 

[Fomaphone]

...and the law suit the bank could hit him with for using their money for breaking the law.

 

[Pika]

It's only $100.00/month for life.

 

[Boneoh]

Egads!

Egads, man!

Not a good idea.

Even the Apple Visa has a minimum interest rate of 11.74% after the first year.

For 4 years, thats about $200 per month.
For 3 years, thats over $250 per month.

If he has bad credit or misses a payment, the rate goes to 20.74% !!!!

For 4 years, thats almost $250 per month.
For 3 years, thats around $300 per month.

That $8,000 loan could cost him $12,000 in payments.

That $8,000 on the credit card won't help him at all if he needs to get a loan to buy car, get a mortgate, etc.

By the time he pays it off, he will probably be very tired of seeing the bill come every month.

Don't EVER loan this guy money, cosign a loan, go into business with him, become a roommate, or let him sleep on your couch "for a few days, until I get back on my feet". I am getting older and maybe a bit wiser, but I had a friend like this once, we are no longer on good terms