Hitachi Capital

quinndelfre

Anyone used them before? I saw their company details on Ernest and Jones website, thinking of taking a loan out to buy a prohibitedly expensive watch I normally wouldn't be able to buy on the spot. There are 6/12/24/48 month options for loan repayment at 0% interest. Providing I pay each instalment on time each month I won't be charged anything.

Paully232000

They're fine in my experience. They as used by many high street chains. I used them for oakfurnitureland on their 12 months 0% interest free credit. Paid Hitachi after about 10 months through their online portal with my debit card. No issues but if you don't pay during the 12 months interest free period or whatever length it is their interest rate is something in the region of 30%, backdated to he start of the interest free period.

poppasmurf_bewdley

Hitachi Capital are a well know finance company. Googling them should bring up any problems if there are any.

quinndelfre

Paully232000 wrote: »

They're fine in my experience. They as used by many high street chains. I used them for oakfurnitureland on their 12 months 0% interest free credit. Paid Hitachi after about 10 months through their online portal with my debit card. No issues but if you don't pay during the 12 months interest free period or whatever length it is their interest rate is something in the region of 30%, backdated to he start of the interest free period.

That's something I would be concerned about. I can repay the loan within 6 months but it will mean using up spare cash each month, or I can stretch it out to 12/24 months so I'm committed to paying less each month, in case I suddenly lose my job or something comes up requiring funds. I was told I can commit to 24 months but pay more per month if I wanted to. If I paid everything back within 9 months while committing to the 24 months repayment agreement, would I be expected to continue paying for the remaining months?

Gaz83

quinndelfre wrote: »

That's something I would be concerned about. I can repay the loan within 6 months but it will mean using up spare cash each month, or I can stretch it out to 12/24 months so I'm committed to paying less each month, in case I suddenly lose my job or something comes up requiring funds. I was told I can commit to 24 months but pay more per month if I wanted to. If I paid everything back within 9 months while committing to the 24 months repayment agreement, would I be expected to continue paying for the remaining months?

No.

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WillyWonga

They offer finance for all sorts of things through many major chains.

I had mine for house selling fees. It was a main chain of estate agents and offered 12 months interest free. No issues about exceeding time as 12 monthly payments and can pay off early if wanted.

jonesMUFCforever

I would do it by getting a purchase free credit card offer.

Look at the small print of this - I think they (or similar companies) charge a fee even for paying before the interest free time is up, and they will not advice you prior to the time elapsing, so if you are even 1 date late in paying BANG they apply all of the interest.

uncreative

Yes I have used them 3 times, twice for DFS sofa and once for double glazing finance. No hassles at all and got a great online website to make extra payments. Paid off early with ease.

quinndelfre

jonesMUFCforever wrote: »

I would do it by getting a purchase free credit card offer.

Look at the small print of this - I think they (or similar companies) charge a fee even for paying before the interest free time is up, and they will not advice you prior to the time elapsing, so if you are even 1 date late in paying BANG they apply all of the interest.

Best purchase credit card I can find is Santander, 23months 0% interest but has a 3% annual fee... My current credit card still has 4months 0% fee for purchases but has a £600 restriction. I don't think I can suddenly get a credit card with a £9000 limit, and ideally I want it to be 24months free interest. I have no trouble paying on time providing financial circumstances don't change.

quinndelfre

uncreative wrote: »

Yes I have used them 3 times, twice for DFS sofa and once for double glazing finance. No hassles at all and got a great online website to make extra payments. Paid off early with ease.

How much did you borrow? Was you charged a single penny when you paid on time or paid early?

nidO

Hitachi will charge you a grand total of £0.00 as long as you pay back the total amount you borrowed before the end of the interest free date.