Apple Finance

Robert

Robert

Robert

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Has anyone used it? I'm tempted to get an Ipad 4th gen on finance as I don't want to spend a lump sum at the moment.

I can't find any detailed descriptions though (probably me being blind).
 
If you can't afford it don't buy it, it's how people end up gargling balls :p

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MW
 
That's a pretty low answer to be honest. You don't know the circumstances, finance works for so many and on so many levels.

In fairness though probably cheaper getting a 0% credit card as will always be cheaper than the rate of finance offered.

I don't know the specifics for apple but give them a call I'm sure they will be happy to help.

Thanks
 
Er...I can afford to buy one out right...but I didn't particularly want to splash £500 in one go. I've been trying to scout 0% deals out but couldn't find any.
 
Usually after Xmas apple offer 0% few a couple of weeks, they have done as far as I know for the last 2 years
 
Robert said:
Has anyone used it? I'm tempted to get an Ipad 4th gen on finance as I don't want to spend a lump sum at the moment.

I can't find any detailed descriptions though (probably me being blind).
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I should be able to help you out Rob. I recently got my MBP via finance as i couldn't scrap the last £300 up.

Finance is via barclays, 14.9% with options ranging from 12 to 48 months.
Due to the fact i got my MBP through the higher education pricing system, the interest pretty much cancelled out the education saving but im happy enough with that as it pretty much gave me finance on the RRP if that makes sense.

One thing to watch with the finance process is the second phase of security questions. Initially, my application was successfully to which I had to wait for a email confirmation. The email confirmation then asks you to confirm details which will be that stored on Experian. Although i have been at my address for 7 years, i have only been on the electoral roll for 1yr and when answering with 7, my application was declined (Basically Experian use the latter for security)
It was a bit messy as Barclays blamed Experian and vise versa but i got it sorted in the end after cancelling the original and resubmitting my application.

Another factor i didn't take into consideration was that i was looking to pay of the £700 i had saved to reduce the monthly repayment but unfortunately barclays dont work this way. If i were to pay off the £700, the monthly repayment would remain the same, however the term time would decrease so with that in mind, ive transferred the money into my savings and i just transfer the payment amount a day or two before its due out.

If your worried about your credit report, may i suggest you sign up to Experian's 30day trial. If like me you have already done that, then pay the £15 for a months subscription to get an idea of my finances

That should cover everything. if you need anything else id be happy to help however id would echo the comments in regard to it being for an iPad. My MBP was considerably more and I needed it before i started my degree so had to go down this route. If i were you, id try my best to hold off and save the cash
 
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Lorddalron said:
Another factor i didn't take into consideration was that i was looking to pay of the £700 i had saved to reduce the monthly repayment but unfortunately barclays dont work this way. If i were to pay off the £700, the monthly repayment would remain the same, however the term time would decrease so with that in mind, ive transferred the money into my savings and i just transfer the payment amount a day or two before its due out.
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So instead of paying £700 off the loan, therefore reducing the term and interest, you are using some of the £700 to pay each month? That doesn't make sense.
 
I bought my iMac on Finance.

For those simply going 'If you can't afford it, don't buy it!" well for some of us that isn't an option.

Budgeting a monthly expenditure of £80 is easily doable. However, saving up a £1700 lump sum when you live month to month, is not so easily doable.

My previous machine was struggling beyond belief, I needed a new one, Apple finance allowed me to have that and its perfectly affordable.

I'm considering doing the same in the new year for a 13" RMBP.
 
ince said:
yes it does they dont let you take finance on part of the price and they dont accept early bulk payments.
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He said he could pay off £700 and it would reduce the term, just not the monthly payment amount. If you reduce the term you reduce the interest. Instead he has decided to go the full term and incur full interest, chipping away at his £700 each month.

If your credit is fine, a 0% interest credit card is the best option. 12-18 months interest free, can pay off as much as you want.
 
LiE said:
He said he could pay off £700 and it would reduce the term, just not the monthly payment amount. If you reduce the term you reduce the interest. Instead he has decided to go the full term and incur full interest, chipping away at his £700 each month.

If your credit is fine, a 0% interest credit card is the best option. 12-18 months interest free, can pay off as much as you want.
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I get what your saying Lie, however the interest works out at around £170 which i saved through the student discount which isnt really an issue.

The main reason for not paying off my lump was that by doing that i would have still been left with the same £50 a month repayment which under normal circumstances is fine but coming up to christmas, i need the extra £50 for various bits and pieces.
 
There are so many "0% for 12/18 months" credit cards out there - you'd be better off getting one of those and slapping it on there :) And if you need even more time, you could get a "0% on balance transfers for 12 months" card :p
 
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