Dell installment plan question

I see that Dell gives 48-month installment plan with no interest for first 12 months. I wanted to get a 12-month installment plan, so I would pay off everything without any interest. So I talked to one of the Dell reps and he told me that you have to order the system with 48-month plan and call them to get it changed to 12 months once you receive the system. He said that since the plan is flexible, you will be able to change it to any duration you like.

I am currently awaiting my laptop (EDD 10th June SXPS 16 with ATI 5730 ) delivery, so I can call them and change the plan duration.

I was just wondering if anyone else has done something like this or they're just fooling you to get into 48-month plan...

Any info is much appreciated. If I can't get them to change the duration, I'll probably pay it off at once because I don't wanna pay $300 worth of interest for no reason.

 

After 10 years with a Dell account, my company just cancelled theirs. I know it is different with consumer vs business accounts. It seemed lately that every bill came late, every payment was received late and the next bill would invariably would carry extra charges. Interest on late payments was something like 28% . The office manager finally got tired of it and cancelled the Dell account. The bright side of this is that the company now shops around for each new piece of equipment and the office manager does not automatically default to Dell.

Bronsky

 

Dell Financial Services is actually a separate company, or at least operates as a separate business unit.

I suggest not dealing with them unless you have to.

 

Usually, yes you have to order the system with the plan that you want (the one that is currently offered for the system you are purchasing). The TOS on Dell's DPA have changed recently due the Governments Regulations on Interest Rates, etc ~ that became effective in February/2010. So, that is something that you are going to have to watch very closely.

And, once you do go with Interest Free Financing. Be sure that you have it paid off w/in the time allotted. Or, they will zap you with the accrued interest on the day that the Promotional Plan expires.

Cin...