Mango(MarkWright)
Enthusiast
I think finance should be put on a shorter time, maybe 2 years instead of 4...
`Making Finance A Shorter Time.
- Thread starter Mango(MarkWright)
- Start date
That's down to hitachi finance not PCS unfortunately. I would recommend trying to pay it off in less than a year if you can though saves on loads of credit charges! Only costs £30 to do it (or something like that!).
Mango(MarkWright)
Enthusiast
Ok, it's just the fact that 4 year is a long time! You would probably need new Graphics Cards and more RAM in 4 years!!
I suspect there are very few finance companies that would do one year with no interest followed by just one year with interest at a half-reasonable rate, they make their money from the interest payments, so reducing the time would make the finance companies a lot less money which as we all know they are not going to do.
Mango(MarkWright)
Enthusiast
Tbh, I would pay it with interest for 1 year....
However many people wouldn't get it on finance if they knew they'd be charged interest from day 1.
I suspect quite a few people get it, thinking 'hooray no interest' and then fail to pay it all off with the year and then (and this is how the companies make thier money) end up having to pay the full amount plus interest.
Note: I don't know for certain this is how it works, but from my cynical viewpoint I reckon it probably works like that
I've immediately determined (having never bought anything on finance before) that the whole "pay us almost twice as much for four years or pay it all within one year" thing is an annoying marketing ploy.
That's easy for me, because after paying my deposit (and making about £120 worth of amendments) I only owe something like £497. That means I can easily save £100 a month (at the most) and pay it off next year. I pity the man with a £1,400 machine and the same strategy.
That's easy for me, because after paying my deposit (and making about £120 worth of amendments) I only owe something like £497. That means I can easily save £100 a month (at the most) and pay it off next year. I pity the man with a £1,400 machine and the same strategy.
but I had figured prior to committing that I could afford it