Purchasing an iMac.....

[bigdavecox90]

....could now become a reality.

I've been accepted for an Argos card, so may just get it and pay in installments :)

[Pyroka]

OH GOD DONT. When you pay in installments, over time you're paying more than you actually would for a one-off payment, unless it states otherwise that you don't get charged interest when you do that (which would be simply... unique in a company).

[bigdavecox90]

OH GOD DONT. When you pay in installments, over time you're paying more than you actually would for a one-off payment, unless it states otherwise that you don't get charged interest when you do that (which would be simply... unique in a company).

Yes very true mate.

I've already looked into this.

From the looks of things if I pay on time every month (which I would be able to do) it isn't really gonna cost me much more.

[Pyroka]

Oh alright, well if youre ok for paying a bit more to get it sooner then why not :P

[bigdavecox90]

Oh alright, well if youre ok for paying a bit more to get it sooner then why not :P

Up to 59 days interest free when you pay off your balance in full every month by the due date.

Surely that would mean I pay no more?

[Pyroka]

That'd mean that you get a little less off it, like if you paid more than you were supposed to each month then you'd be saving the money completely. However since I doubt you'll be able to pay for it all in the space of 2 months, you will get charged interest... Depends how long you take really, but you'd save a tiny bit on that.

[bigdavecox90]

That'd mean that you get a little less off it, like if you paid more than you were supposed to each month then you'd be saving the money completely. However since I doubt you'll be able to pay for it all in the space of 2 months, you will get charged interest... Depends how long you take really, but you'd save a tiny bit on that.

Plus I don't think I'd be able to do it straight away, as I doubt they would give me a £1000 limit to start with.

[Pyroka]

Ah true LOL.

[bigdavecox90]

Ah true LOL.

Just have to wait and see I guess. :)

[StefanWolves]

i was gonna pay instalments from apple themselves, until i realised it would have cost me like £400 more than it would to just buy it straight away, so all i'm sayin is be careful.

[UrbanRyan]

I don't think they'll give you £1000 credit maybe, just build up your reputation with them like buy cheap things - which helps to build your account up. Then again, they might if you pay some sort of deposit first.

[Kyle!]

Argos do a no interest for 6 months deal on every product over £500, sure you'll be able to pay it off in time.

[Metric1]

Seeing as I'm sitting at work and I have a mortgage calculator open I will teach you all a lesson.

If you purchase a house that costs 200k for example and pay it off with a conventional 30 year mortgage, your mortgage payment will be around $1330 a month.

Now, hopefully you get a better interest rate than 7% but I use that as a general rule of thumb.

1330(12 x 30)= $478,800

You are paying more than 2x the original amount of the loan in interest.

If you can get away without a payment plan, do it because you'll save money in the long run!

[Kyle!]

Seeing as I'm sitting at work and I have a mortgage calculator open I will teach you all a lesson.

If you purchase a house that costs 200k for example and pay it off with a conventional 30 year mortgage, your mortgage payment will be around $1330 a month.

Now, hopefully you get a better interest rate than 7% but I use that as a general rule of thumb.

1330(12 x 30)= $478,800

You are paying more than 2x the original amount of the loan in interest.

If you can get away without a payment plan, do it because you'll save money in the long run!

Read what I said about Argos above.

[Metric1]

Read what I said about Argos above.

I bet you have to pay an administration fee or some sort of other interest fee to get that.

[Kyle!]

Nope, you don't. I bought my MacBook with it.