Financing the laptop-pros as good as cons?
I am 13;I wish the laptop of my own.
I have the dog upon foot commercial operation so I regularly have money,about 75 dollars the month total. I am seeking during an Insprion 1525;Sunshine Yellow color. I wish it for propagandize as good as personal use. With all I longed for combined on,it could be as low as 21$ the month. I don`t assimilate how financing these things functions (Again,I`m thirteen) I know we have to have great Credit as good as stuff,So i would have to use my moms credit. I wish to ask her about this,if i gave her the income monthly if she would do it for me,but i wish to have all my contribution true so which she will cruise me grown up for meditative it out as good as cruise it.The site says this:
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Annual Percentage Rate (APR) (based upon creditworthiness) As of Nov 5, 2008, APRs operation from 12.99% – 29.99%. Your rate will be disclosed upon approval.
Credit Limit Up to $5,000
Variable-rate Information Dell Preferred Account rates can enlarge or diminution with changes in budding rate. Rates have been formed upon adding the domain (based upon CIT Bank’s examination of your credit business file) to the budding rate.
Grace Period for Repayment of Balance for Purchases twenty-five days from billing date – No financial charges assessed upon superb change if paid in full by due date any month.
Annual Fees None
Minimum Purchase None
Minimum Finance Charge $2.00
Minimum Monthly Payment The larger of $15 or 3% of your comment balance
Transaction Fee for Purchases None
Late Payment Fee $10.00 – $39.00 (depending upon comment balance)
… can the associating adult interpret it for me as good as discuss it me the pros as good as cons of this?And it says the cost could be AS LOW as $21 ,how most aloft do we consider it could be? any one with knowledge who has paid for the Dell mechanism prior to or even the Insprion would be really valuable. My crony pronounced her mother pronounced something to her about when we buy it we have to compensate the lot some-more than the monthly payments to buy it. Also,I don`t know how great your credit has to be to get these tips of things.I will endowment the most appropriate answer,So answer good PLEASE!
-Chelsea
{ 6 comments… read them below or add one }
Kids with laptops at 13. What is the world coming too. And we used to think giving them cell phones at that age was crazy.
Let me tell you my opinion. Don’t buy a PC buy a Mac. Especially for school, it will be your best friend, as well as personal use. They are extremely easy to use, tons of fun, and hassle free. You don’t need to worry about viruses, or buying extra software. Definetly check it out (link below). You can set it up so you make monthly payments as well.
You shouldn’t do this at all…your goal in life should be to have no debt at all…the two things you should only go in debt for are school and a house…other than that…I think it would be so fun to challenge yourself to just save for it..or ask your mom to just buy it since you need it right now..if not..i would just use the computer in whatever way I can until I have the money saved to buy the one that i want
Uhmm you dont have credit i dont think you could finance one but you can save and buy one
The Cons of this is that if you miss a payment your killing your moms credit so she will for one be very unhappy. Also they will do anything they can to slam extra charges on you trust me! So 21$ a month can go all the way to 55-150% a month and as you said you only get 75 a month i would honestly say ask your mom how her credit is first if its good then talk to her about the financing the thing is that the more you out down on it the better it is cause thats less months you have to pay first off and thats less time they can think of slamming you with extra charges. Also Dell computers are not that great there good for one thing and one thing only THEY ARE CHEAP!!!!!! So as you think thats a good deal it can get more expensive than you think and once you pay it off fully its gunna start breaking all the time cause dell uses plastic pieces in there so they break really easy so if you get a dell make sure you take care of it because one drop like 6 inches to the ground on carpet you can break the whole thing and will be out a computer. So honestly financing is not good cause they will over charge you but like i said its up to you if i were you first i would save up and just buy it flat out and deal with what you have for now. Also if you really looking into a good labtop HP, APPLE, GATEWAY are good brands to look at cause there parts are good you just need to watch with the types you get though so if you have any other questions lemme no send me a message and i will help you out
good luck with your buissness!
Buying things on credit is a horrible idea, especially at your age. Save your money for a while and then buy your computer.