Aces High Bulletin Board

General Forums => The O' Club => Topic started by: B17Skull12 on October 16, 2003, 08:48:57 PM

Title: Buy it all at once or due monthly payement thing?
Post by: B17Skull12 on October 16, 2003, 08:48:57 PM

ive been toying around with the idea of buying a new computer. i was just woundering if i should due the monthly payment or pay it all at once. monthly payment would cost about $25 a month and buy it at once would cost $900 (rounded)shiping included. since i have no clue which is better can you guys possible lend a hand? thx (btw i have  only a $2 bill in my wallet now. but $100 in bank)

Title: Buy it all at once or due monthly payement thing?
Post by: Tarmac on October 16, 2003, 09:05:19 PM

My grandpa always said "Pay as you go or don't go."

Instead of buying it now, why not save for the next few months and buy it yourself?  The best way to know if you really want something is to have the discipline to save up for it.

Title: Buy it all at once or due monthly payement thing?
Post by: Twist on October 16, 2003, 10:09:13 PM

Tarmac is right, save up. Use credit for buying a home, not a PC.

Try this: add the total number of payments together and compare that with what you pay if you used cash. Most people would never pay 20 to 40 percent more for something if they didn't have to.

If your trying to establish credit you should save up the entire amount needed for purchase, use half to make your purchase and finance the rest. After 6 months take the remaining money you had saved and pay the balance.

I hope this helps.

Title: Re: Buy it all at once or due monthly payement thing?
Post by: Martlet on October 16, 2003, 10:20:52 PM

Quote

Originally posted by B17Skull12
ive been toying around with the idea of buying a new computer. i was just woundering if i should due the monthly payment or pay it all at once. monthly payment would cost about $25 a month and buy it at once would cost $900 (rounded)shiping included. since i have no clue which is better can you guys possible lend a hand? thx (btw i have  only a $2 bill in my wallet now. but $100 in bank)

Build one for less.

Title: Buy it all at once or due monthly payement thing?
Post by: Batz on October 16, 2003, 10:31:19 PM

Twist is right the best thing you do while young is build good credit and good credit habits. If you arent disciplined enough to follow his advice pay for it out right. You dont want to start off fugging up your credit.

If you have the money and want to build credit put up a decent down payment and save the rest of the money. make a few payments and pay it off. But dont decide to spend the 900 on something else you need to save it.

Title: Buy it all at once or due monthly payement thing?
Post by: B17Skull12 on October 17, 2003, 05:56:26 PM

thx all advice is apperaciated

Title: Buy it all at once or due monthly payement thing?
Post by: drone on October 17, 2003, 06:43:24 PM

another way to go might be to build the comp a few pieces at a time--you will pay no interest and build a super system in a couple months and also allow a little time for new things to come out and prices to drop on certain items...

Most computer stores will allow you to start with a MB/CPU and tower and build on it as you go. Pay for each piece as you can afford to.