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BNPL + Interest free CCs
Comments
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Again, your masterplan is dependent on finding some mug willing to pay full or near-full retail price for a second-hand item, when they can get the same item brand new in the shop for the same price / just a few pounds more.
You'd also need to look into the technicalities of whether the laptop would actually be 'yours' before the finance is paid off (or would remain property of a finance company) - and thus, whether you're allowed to sell it."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
OP - if you are hell bent on getting this laptop and not paying any interest, why don't you just apply for a 0% purchases card such as the Post Office one for 25 months, then that way just pay £76 per month for the next 25 months interest free.
Or set up the DD for the minimum repayment which would be 1% of the balance, so roughly £20 per month, but then if you paid £20 per month x 24 months, you would need to stump up the remaining £1.4k before the final month - otherwise you would be charged interest.
http://www.postoffice.co.uk/credit-card/matched?campaignid=AG_CCI'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0 -
Ok, I think something may have been lost here.
The laptop costs £1900, you don't have to pay anything for 12 months, after which you have to pay the full amount + £29 (£1929).
The lowest price of the laptop on eBay is £1880, so selling it for near the price of purchase is not an issue (even if I can't get this price, let's just say I can, for the concept).
What I am asking is could you buy the laptop, sell it for £1880, then in 12 months pay £1929 and have access to what is effectively a £1880 loan with interest of £49?0 -
You would need to check the terms and wording of the credit agreement.
If it is a hire purchase/lease agreement then no you cannot sell the asset until the finance is fully paid.
If it is unsecured credit then yes you could sell it.
But its not a route I would consider if I wanted an £1880 loan for a year.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
Yeah, it was purely out of curiosity, cheers
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You'd also lose at least £100 in eBay and PayPal fees, I would think."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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