Questions about buy now pay next april

flightboy

hi everyone,

hope this is the right place to post this sorry if its not! i want to buy a computer from littlewoods and they have a "pay nothing for a year" offer but im confused if i pay of the £1100 before the year is up i dont pay the apr i assume but what if i pay off for example £1000? is the apr just added for the full amount or just whats left once the year is up?

bit confuseing but i hope you get me! thanks in advnace for any replys :beer:

PNPSUKNET

any balance will be from the day it was posted to the finance companys system. think it will work like a credit card

McKneff

If you dont pay the FULL AMOUNT as in your contract it will revert to being a normal contract and they will charge you the FULL AMOUNT of interest on the whole amount for the year, so be careful. Many people have been trapped into
this and you cant argue with it.

flightboy

thanks guys so really i might as well sign up for the 52 weeks payment plan as i wont be gaining anything clearly

thanks

Cardinal-Red

flightboy wrote: »

thanks guys so really i might as well sign up for the 52 weeks payment plan as i wont be gaining anything clearly

thanks

Assuming that is that the 52 week payment plan is interest free?

(And assuming I am thinking of the same kind of scheme you are!)

flightboy

Cardinal-Red wrote: »

Assuming that is that the 52 week payment plan is interest free?

(And assuming I am thinking of the same kind of scheme you are!)

Yep the 52 weeks is intrest free, i usually do this but i want to sell my current computer and upgrade but i saw the offer for buy now pay next april and coudlnt see the benifits of doing it...and i still dont :rotfl:

Cardinal-Red

I suppose the benefit would be that you get to keep the cash rather than paying a monthly fee - and the obvious benefit to Littlewoods is that you DON'T do this and then you get whacked with the 38% APR.

Are you sticking with Littlewoods for PCs because you already have a credit line there? I'll be honest the machines I've just looked at seemed poor value at best!

flightboy

Cardinal-Red wrote: »

I suppose the benefit would be that you get to keep the cash rather than paying a monthly fee - and the obvious benefit to Littlewoods is that you DON'T do this and then you get whacked with the 38% APR.

Are you sticking with Littlewoods for PCs because you already have a credit line there? I'll be honest the machines I've just looked at seemed poor value at best!

Yeah i get bigger things i cant pay outright for as i then have some commison to use for xmas stuff by the time december comes round

McKneff

But does the commission add up to what discount you would get buying elsewehre.

Buy elswhere save £150 (including buy now, pay April) lots of places do this now.

Littlewoods commission £25

Save £125 and put it away till Christmas. Simples.

Not very MSE to do it your way.

Cardinal-Red

I'd tend to agree with McKneff.

Tesco do a Clubcard with 12 months 0% on purchases, and if you don't pay it all off, a (slightly!) more reasonable APR for example.

Which machine is it you're looking at (not wanting to turn this thread into a computer face off but still )