8 Replies Latest reply: Oct 14, 2009 12:30 PM by Mini-Mac
macnewcomer22 Level 1 (0 points)
I am planning to purchase a macbook pro and was looking into possible finance options and found the finance option on the apple website the only problem is it mentioned something about a loan so does this mean if I was to go for the finance option on a £1700 macbook pro and never missed a payment I would be repaying the 1700 and a bit on top even if I never missed a payment.

In other words I only want to choose finance if I only have to repay what I borrow with no interest on top.

macbook pro, Mac OS X (10.6.1)
  • Gregory Mcintire Level 4 (2,170 points)
    Why would anyone ever pay the full cash amount up front if it were the same total price to pay the exact same amount over time?
  • 1grandidle1 Level 1 (20 points)
    Elementary, my dear Mr. Mcintire. There are cards available with terms like one year same as cash!
  • JasonFear Level 5 (4,935 points)
    Credit Cards... yes. Because they're a "revolving door" when it comes to credit. A loan on the other hand, is not.

    I'd say in the case of a "loan" there's going to be some level of interest. The financing options for US customers is different than the payment plans they offer in the UK. I encourage you to visit this website for more details on how the program works-

    http://www.apple.com/uk/financing/consumer/faq.html

    Judging by the FAQ, there's definitely going to be some interest. It would appear as though that information is not public (at least on their website) so you'll need to call in for more details and specifics.
  • Gregory Mcintire Level 4 (2,170 points)
    I must assume then that you have not read the obligations of those cards.
  • macnewcomer22 Level 1 (0 points)
    My Dad and I are going to purchase the macbook pro jointly I was aware that you could do that with credit cards to be honest I would rather do that but my dad likes things simple so he wanted me to look into possible finance options I'll just move it around my cards paying some off each month and he will not have to know
  • Gregory Mcintire Level 4 (2,170 points)
    macnewcomer22 wrote:
    ...I'll just move it around my cards paying some off each month and he will not have to know


    If that were my solution to the problem I don't think I would be advertising it.
  • book2 Level 1 (0 points)
    I bought my MBP in the US from Apple.com,and took advantage of this offer: A new credit card (with high interest); I'm currently making low monthly payments, and if I pay it off in 12 months, it will be interest free. If I don't, it will turn out not to be a good deal.
    Good Luck!
    Dennis
  • Mini-Mac Level 3 (810 points)
    Gregory Mcintire wrote:
    Why would anyone ever pay the full cash amount up front if it were the same total price to pay the exact same amount over time?



    Maybe because they don't want any debt hanging over there head?