Sager or Clevo vendor with actual payment plan?

I graduated from high school around spring break and as a graduation present I get to choose a laptop of my choice and the Sager 9260 has been stuck in my mind for a good week now.

Only problem is that it's too expensive for the person buying and said if I can find a reseller with a payment plan option that it would be cool and I'd be one awesome laptop richer.

So.. are there any or am I going to have to go to my back up (Asus)?

Oh yeah, first post :smile:

 

rockdirect has a few plans

 

Oooh, the Xtreme 770 seems really good.... do we have any feedback or reviews on here at all?

 

One thing that we often do is recommend you going to Pay Pal and you can apply for buyer credit. This will get you monthly payments. After approval you can then use the funds for a purchase.

 

That's won't make me popular but let me be the one to bring in the big fat Reality Check (TM).

You do realize that if you buy a laptop on a payment plan, you are paying a premium for the convenience of temporarily using someone else's money, do you? Why not A) buy something cheaper or B) wait until the money is available to buy what you want without having to ask for credit?

 

Well, I have no problem with 0% finance. I am setting aside x amount of £ for 12 months to buy something. And instead of having it at the end of the 12 months period, I have it now instead. Did that with my PSP, and v happy with it!

I DO have a problem with APR though. Because I don't see it as buying for the asking price, a £1k laptop effectively becomes a £1.5k one and thats the bottom line you have to look at.

You have to be clever with 0% deals and KNOW that you are going to put that cash aside. Because if you don't you get hit by something awful like 29.8% apr at the end of the period. Your £1k laptop suddenly becomes £1800!!!

Didn't know about Paypal buyer credit, I'll have to look into that.

But as I say, if anyone can point me in the direction of Xtreme 770 reviewage, that would be great!

 

I think Widge covered the main issues with "no cash down, no interest for X months" deals but I'm going to give my perspective and explain it in my own words.

Right, sometimes you can get a deal at no cash down, no interest for X months. And if you are a very organized person, that may work.

But you have to be a very organized person because there's a big sword hanging over the head of someone who gets in on that kind of deal. If you do not pay in full by the deadline for the first payment, then there is a real (and typically fairly painful as you pointed out, Widge) interest rate that applies retroactively to the credit they gave you from day one. That means that whatever X% APR they decide to charge, they will apply it over the initial X months during which they did not request any payment or interest. To sum up:

1. If you pay before the deadline for the first payment, they let you use their money for free. Yay!!!

2. If you miss the first payment by as much as one day, you pay a huge interest on the grace period of X months + 1 day. So for a 12 month grace period, you pay 12months + 1 day of interest on your purchase. Ouch!!!

I don't trust myself to remember 12 months later that I have to make a payment for a one-time purchase (recurring payments are a different matter) so I don't ever use those deals. Also during that time period, something may happen that may squeeze me financially and cause me to be unable to make the payment on that credit. So I prefer to stay away from those deals.

 

Truth and truth. I'm still beating the hell out of college debt. Only took me my junior year to realize buying those expensive books before and during the first week for suckers. With no cash, I used those magic plastic cards some chimp through in my face. Everytime I close a card it's so satisfying. That being said I did just buy me a HDTV the same deal. But I think before you get credit plan the life and death of that card. I could pay it off in 2 months. I went three months because there was no interest and I had 9 more months. The card is dead now and I'm trying to plan the life of one for this laptop. Would be a asset with me on my new job, which would help me end it in about another 4 months I suppose, probably 3 with my new money. Stretching it all the way out during it's duration is not something I recommend.

 

Yeah I understand the problem with debt, I got my car under loan, but not missing a single payment to the bank and paying my cell phone bill early every month has given me a better credit rating than my 47 year old mother lol. I could probably do the paypal thing on my own, however... How often do you get told "I'll get you a laptop of your choice since as a graduation present" and them still agreeing to it with a payment system after seeing the price?

I am however planning on halfwaying the payments with my relative because it really is an expensive laptop and I'd feel bad for taking advantage of it.