Frasers: charging more if you dont take out their credit

Twickenham_Ben

Hello - one of our kids wants a North Face jacket and found one on sale at the Frasers website. 

However, to get the sale price, you must take out their Buy Now Pay Later BNPL product. This year many items in their winter sale have a similar requirement. If you want to pay cash you end up paying a lot more

Is this legal 

Twickenham_Ben

Here is a screenshot showing how the coat is £56 more expensive if you dont take out the credit.

That is going to tempt a lot of people to borrow (and get into trouble) when they were going to pay in cash

400ixl

Nothing illegal in it that I know of.

I believe you can also just pay off the balance and not have to wait to pay it over 3 months.

As you say though, not good to be encouraging people to be taking credit when they don't need to.

sarah1972

Pmd the team to move to an actual board as it’s currently not posted on one. 

giraffe69

People buy cars by taking finance to get a disxcount and then settling it quickly to avoid paying lots of interest. If you can do the same as is suggested then I don't see what the problem is.

daveyjp

giraffe69 said:

People buy cars by taking finance to get a disxcount and then settling it quickly to avoid paying lots of interest. If you can do the same as is suggested then I don't see what the problem is.

Not quite the same as the price of the car isn't based on how it will be paid for.

Grumpy_chap

daveyjp said:

giraffe69 said:

People buy cars by taking finance to get a disxcount and then settling it quickly to avoid paying lots of interest. If you can do the same as is suggested then I don't see what the problem is.

Not quite the same as the price of the car isn't based on how it will be paid for.

It sort of is.

Buy a car, £25k cash.
Buy a car on finance, £25k with £3k finance incentive.

Anyway, that is a digression.
The OP may be interested to know that the same jacket seems to be £209 for cash on the House of Fraser website this evening (rather than Frasers website)

Hoenir

Twickenham_Ben said:

Here is a screenshot showing how the coat is £56 more expensive if you dont take out the credit.

That is going to tempt a lot of people to borrow (and get into trouble) when they were going to pay in cash

How many people actually have or want to £315 spare to spend on that jacket , if any ? More likely clever marketing. Combined with BNPL sucks people into believing it's a good value deal. 

GingerTim

That's one ugly jacket. Save your money!

Albermarle

£300 for a jacket . I thought there was a cost of living crisis !