Buy Now - Pay Later - OcUK Financing Now Available

Buy now pay in 6 months intrest fee is a good idea but not for computer hardware which loses it's value rapidly.

So say you agree to pay £400 in 6 months time, Then after that 6 months has past your goods are only worth £200. It would be more sensible just to save up and get the same/better products when you can afford it(in 6 months or before)
 
Reality|So say you agree to pay £400 in 6 months time said:
Personally I don't see the difference in saving to purchase up front or saving while you use the kit and then pay, it will still be worth the same amount in 6 months time.

With the BNPL option you don't have to wait.
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Yeah you don't have to wait, I said the sensible option.

Would you be happy paying £400 for something that's only worth £200?

Don't just jump in and say "yes, i've had 6 months use out of it" because I know everyone would be kicking themselves and really grudge paying it.
 
Reality|Bites said:
Buy now pay in 6 months intrest fee is a good idea but not for computer hardware which loses it's value rapidly.

So say you agree to pay £400 in 6 months time, Then after that 6 months has past your goods are only worth £200. It would be more sensible just to save up and get the same/better products when you can afford it(in 6 months or before)
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Yes, but by then you've had 6 months use out of them.
 
I've had credit before & payed through the nose for it & all i ever thought was Sweet New Stuffs :cool:
Some of us just don't get a Lump sum no matter how much we save, Me i am proper lose with my money & just spend whatever I've got without a care in the wrold, it's just the way i am. When i get credit i commit to the payments not the total, I just way up in my head whether what's on offer is worth the X amount a week out of my money. Once i have it i just enjoy my goods & don't even notice the weekly money taken out, Suits me Sir :)
 
Say for example, In the hay day of the FX55 and FX57 where the chips cost around £500-700, Would you be happy paying that off over 2 Years when a newer chip comes out 6 months later which only costs £150 and is twice as fast?
 
Reality|Bites said:
Say for example, In the hay day of the FX55 and FX57 where the chips cost around £500-700, Would you be happy paying that off over 2 Years when a newer chip comes out 6 months later which only costs £150 and is twice as fast?
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Eeeerrrrmmmmmmmmm
NO :D
Hopefully I am a little cleverer than that. You are talking to the King of 2nd hand deals after all ;)
 
Reality|Bites said:
Yeah you don't have to wait, I said the sensible option.

Would you be happy paying £400 for something that's only worth £200?

Don't just jump in and say "yes, i've had 6 months use out of it" because I know everyone would be kicking themselves and really grudge paying it.
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I still can't see the difference between saving now, buying £400 worth of kit and in 6 months time it's worth £200 and having the kit now, saving and paying it off but still worth only £200 in 6 months time.

for example: I bought a bed 2 years ago on interest free credit, cost £1200. I've had the use of the bed and am very happy to pay it off. I would have found it very difficult to conjure £1200 out of thin air to buy it outright.

We agree to disagree.
 
Reality|Bites said:
So say you agree to pay £400 in 6 months time, Then after that 6 months has past your goods are only worth £200. It would be more sensible just to save up and get the same/better products when you can afford it(in 6 months or before)
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Is it just me or does that sound poorly thought out and makes no sense.

No matter how I pay or when, the hardware will always be worth less. The point is having to part with your cash now up front or for a fee keep your cash if you have it and get your hardware for very little and pay later when in most peoples cases they either have saved up or have earned the spare cash.


As for me I can cover my £40 fee, well just about….so £30 interest over period. Cost of leaving the payment for five months £10…..


£1300 – 10% deposit

£1170 (interest over six months at 6%) £30
 
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Reality|Bites said:
Yeah you don't have to wait, I said the sensible option.

Would you be happy paying £400 for something that's only worth £200?

Don't just jump in and say "yes, i've had 6 months use out of it" because I know everyone would be kicking themselves and really grudge paying it.
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Not really.

This is the same thing as all those people who sit in GD and say "Oh dont buy 'y' becuase 'x' is coming out next month"



Sure you're right, when you do come to pay of the total it will be worth less but you got them when you needed/wanted them. I know personally if I could I would take a new PC on credit becuase at the moment im using a £10 dell PC. If i wait six months and save up, sure i'll get a better PC. But a) I've had to wait 6 months!?!? and b) It's still gonna be worth less after 6 months, weather i payed for it yesterday, tomorrow or in 6months.

Some people just can't stump up the capital to buy what they want in one go. This is what credit solves - So your argument is pretty pointless tbh
 
bad idea.....well in my opinion

cant afford £800 PC now? no, then u wont be afford the monthly payment to finance company = debt
 
wesley said:
bad idea.....well in my opinion

cant afford £800 PC now? no, then u wont be afford the monthly payment to finance company = debt
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I can't afford a £800 anything but I can afford £50 a month :confused: (Or whatever it would equte too!)

:confused: Not quite sure what you're getting at,
 
wesley said:
then why u havent got £800 now? cos you cant afford to save up £50 a month in last 16 months.
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because you were meant to know you were going to need £800 in one go....

come on dude, your talking rubbish. If you earn £1000 a month, you cant afford to spend £800 in one go. It is easy however to budget a £50 a month deduction....

saving £50 a month and then buying something, or buying something and paying £50 a month are exactly the same proccess... you just get the priduct 16 months earlier! :)
 
wesley said:
then why u havent got £800 now? cos you cant afford to save up £50 a month in last 16 months.
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Becuase I haven't bothered? Becuase I'm loose with my money? Becuase 16 months ago I didn't know I would today want £800 of new PC gear?



Finance would mean I could buy what I want and I'd be forced to "save up" (in reality this means paying it off) for it.



Credit/Finance whatever you want to call it isn't for everyone but a lot of people find it usefull.
 
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