if i were to go to a place like circuit city or bestbuy and wanted to pay for a laptop over a period of several months, how much would interest be?
2007-11-23 12:09:19 · 8 answers · asked by Mike-Q 5 in Computers & Internet ➔ Hardware ➔ Laptops & Notebooks
Some stores, like CircuitCity, offer interest free payments on purchases.
But usually these only last for no more that 12 months. If you get the item payed off within the interest free time period, no problem, but if you don't watch out. Interest rates can be as much as 23% or more.
If there is no such interest free offer, you are better off saving your money until you have enough to pay cash.
Anytime you buy something on credit, you pay interest. How much you pay depends on the interest rate.
2007-11-23 12:28:10 · answer #1 · answered by centsless 7 · 2⤊ 0⤋
Depending on their terms, usually it's going to be a revolving account of around 22%. If you pay the minimum every month, by the time you pay it off, you'll probably paid for two computers but you only have one.
2007-11-23 20:19:14 · answer #2 · answered by RAWBERRY-SHOCKLATE 4 · 2⤊ 0⤋
about 22% , try Dell or HP and apply for credit , depending on your credit history you may get a lower rate then 22%, but most department stores credit cards are that high as is with most computer manufactures.You may even want to try Newegg or Tigerdirect.
2007-11-23 20:37:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I wouldn't recommend it the interest on cards like that are very high. If you do get something on a card the best thing to do is pay it off immediately, having running balances on cards actually hurts your credit.
2007-11-23 20:19:57 · answer #4 · answered by Shavon 6 · 1⤊ 1⤋
Approximately 18%-22% a month on any unpaid balances.
2007-11-23 20:22:33 · answer #5 · answered by Mr. B 3 · 1⤊ 0⤋
Way too much.
Unless your a business that can get a tax write off on it there's no point in not paying up front (and given how cheap laptops are now...).
2007-11-23 20:17:17 · answer #6 · answered by bestonnet_00 7 · 0⤊ 1⤋
Too much. You would end up paying way more then the computer is worth. Just save your money and get one when you have enough.
2007-11-23 20:12:48 · answer #7 · answered by amandafofanda66 6 · 2⤊ 1⤋
It all depends on the price of the computer and the interest rate.
2007-11-23 20:18:00 · answer #8 · answered by Jamie L 2 · 0⤊ 2⤋