My planned PC.

VenatoS

VenatoS

Well-known member
Is it worth it?

Case
COOLERMASTER CM STORM ENFORCER - GAMING ENTHUSIAST CASE
Processor (CPU)
Intel® Core™i7 Quad Core Processor i7-4770k (3.5GHz) 8MB Cache
Motherboard
Gigabyte Z87X-SLI: ATX, LG1150, USB 3.0, SATA 6GBs
Memory (RAM)
8GB KINGSTON HYPER-X FURY DUAL-DDR3 1600MHz, X.M.P (1 x 8GB)
Graphics Card
3GB NVIDIA GEFORCE GTX 780 Ti - 2 DVI, HDMI, DP - 3D Vision Ready
Free Item
FREE WATCH DOGS with GTX 660 & 7 Series GPUs!
1st Hard Disk
2TB 3.5" SATA-III 6GB/s HDD 7200RPM 64MB CACHE
1st DVD/BLU-RAY Drive
24x DUAL LAYER DVD WRITER ±R/±RW/RAM
Power Supply
CORSAIR 850W RM SERIES™ MODULAR 80 PLUS® GOLD, ULTRA QUIET (£99)
Processor Cooling
Super Quiet 22dBA Triple Copper Heatpipe Intel CPU Cooler (£19)
Sound Card
ONBOARD 6 CHANNEL (5.1) HIGH DEF AUDIO (AS STANDARD)
Wireless/Wired Networking
10/100/1000 GIGABIT LAN PORT - AS STANDARD ON ALL PCs
USB Options
MIN. 2 x USB 3.0 & 4 x USB 2.0 PORTS @ BACK PANEL + MIN. 2 FRONT PORTS
Power Cable
1 x 1 Metre UK Power Cable (Kettle Lead)
Operating System
Genuine Windows 8.1 64 Bit - inc DVD & Licence (£79)
Office Software
FREE 30 Day Trial of Microsoft® Office® 365
Anti-Virus
BULLGUARD INTERNET SECURITY - FREE 90 DAY TRIAL
Warranty
3 Year Silver Warranty (1 Year Collect & Return, 1 Year Parts, 3 Year Labour) (£5)
Delivery
STANDARD INSURED DELIVERY TO UK MAINLAND (MON-FRI)
Build Time
Standard Build - Approximately 11 to 13 working days
Quantity
1

Price: £1,362.00 including VAT and delivery.


I was wondering is it worth buying this system?

Its supposed to be for "hardcore" gaming.
 
VenatoS

VenatoS

Well-known member
Early Settlement Example 2 - Settle after 11 monthly repayments:

Cash price £1,362.00, deposit of £136.20, total amount of credit £1,225.80, pay £41.64 per month for 11 months, settle £796.76 (£1,225.80 + £29.00 - 11 lots of £41.64), total amount payable £1,391.00.


Could someone explain this to me? Is actually VERY confusing?
 
steaky360

steaky360

Moderator
Moderator
It is really simple, you pay the fixed amount each month and you get two choices. Either pay off the remaining balance before the end of the first year OR continue to pay the fixed amounts for the following 3 years.

If you choose to pay it off within the first year you only pay the admin fee of £29. If you don't you will then be hit for interest.
 
VenatoS

VenatoS

Well-known member
But is it along the lines of, I payed for 11 months the fixed amount, then the last month comes and i just pay the rest of the money and the fee £29 automatically gets taken, and thats it? Im guessing i pay the rest using a debit card for example?
 
steaky360

steaky360

Moderator
Moderator
Yes as I told you before, you can just pay by card on the Hitachi website, or you could get in touch with them by phone etc.
 
Rakk

Rakk

The Awesome
Moderator
VenatoS said:
But is it along the lines of, I payed for 11 months the fixed amount, then the last month comes and i just pay the rest of the money and the fee £29 automatically gets taken, and thats it? Im guessing i pay the rest using a debit card for example?
Click to expand...

You would pay the monthly amount for 11 months, then you would have to organise to pay the outstanding balance and the £29 admin fee yourself - it will not be done automatically.
If you wait too long and it goes past 12 months I think you are locked in for the remaining three years (and the interest) - I may be wrong here though - I've not seen the actual contract.
 
steaky360

steaky360

Moderator
Moderator
You're right. If you pass the 12 months you are stuck paying the regular payments for an additional 3 years
 
VenatoS

VenatoS

Well-known member
I don't understand this part: "you can just pay by card on the Hitachi website" why am i supposed to pay through some website? Could you explain that?

Sorry im asking all does questions i just want to be sure what i buy.
 
steaky360

steaky360

Moderator
Moderator
Well, you understand at month 12 you will have paid off so much of the loan and will still have a balance left to pay. Unless you want to continue paying for the next three years you need to pay the outstanding balance to hitachi. You don't have to use their site, but you do need to pay them somehow.

I only mentioned the website because that's how I chose to pay off my finance.
 
keynes

keynes

Multiverse Poster
VenatoS said:
I don't understand this part: "you can just pay by card on the Hitachi website" why am i supposed to pay through some website? Could you explain that?

Sorry im asking all does questions i just want to be sure what i buy.
Click to expand...

Your query is not related with what you are buying but more to do with the finance agreement. Once you are approved you will get the T&C of your finance agreement that will explain everything in detail. I settle my finance agreement by paying over the phone. Pretty straight forward.
 
steaky360

steaky360

Moderator
Moderator
VenatoS said:
What does the website actually allow you to do? Borrows you money?
Click to expand...

The website I was referring to is for the company that provides the finance. The finance you will get is with hitachi capital NOT with PCS.

If you don't understand the finance agreement or how it works I would suggest you do not take it out.
 
VenatoS

VenatoS

Well-known member
I just really need it to be explained before i purchase the PC, since i want to pay for the 11 months and then throw the rest at the end.
 
keynes

keynes

Multiverse Poster
VenatoS said:
I just really need it to be explained before i purchase the PC, since i want to pay for the 11 months and then throw the rest at the end.
Click to expand...

I think it would be easier for you to contact hitachi or PCS directly to explain step by step how the fiancé agreement works.
 
steaky360

steaky360

Moderator
Moderator
I kinda thought we had explained it. Not sure what else I can add, in that case I'd second what Keynes has said. You will be better off contacting hitachi directly to get a more thorough explanation.
 
nathanjrb

nathanjrb

Prolific Poster
Step 1:
You apply for finance to Hitachi for the total cost of your PC (let's say £1000, for example).
After a credit check, your application gets approved.

Step 2:
Either through online approval or postal approval (where they post the contract to you to physically sign - there is no way of knowing which one you will get, but both are essentially the same thing) you enter a contractually binding agreement whereupon Hitatchi pay the £1000 to PCS for your computer, and you agree to pay Hitachi back in monthly repayments, plus any interest. You also pay a deposit to Hitachi. This deposit goes towards the £1000. So if your deposit is £300, you would only have £700+interest left to pay.

Step 3:
You pay in monthly installments to Hitachi Capital - usually by direct debit as it's usually easiest. The direct debit is set up when you sign the documents or during the online approval.

Step 4:
If you pay the FULL amount within the FIRST 12 months you will not incur any interest - only a £29 early resettlement fee.
If you miss the first 12 months, you will HAVE to pay the outstanding amount PLUS the interest.
It's very important you don't miss the 12 month deadline if you don't want to incur any interest.

Step 5:
If you DO miss the deadline, you continue to pay your monthly installments as normal - until you have paid off the £1000+interest. You can pay off the total amount at any time - but I believe you still have to pay the £29 early resettlement.


I would seriously not consider finance unless you are 100% CERTAIN you can meet your monthly repayments.
I would not consider finance if you have a bad credit rating - applying requires a credit check and if you are declined this can damage your credit score further.
I would not consider finance if you cannot pay off within the first year - it's just not worth it otherwise. Obviously that choice is yours.
 
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