View Poll Results: Would you use finance for a component?

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Thread: Would you pay with finance for a component?

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    Headless Chicken Terbinator's Avatar
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    Would you pay with finance for a component?

    In light of Titan's release, i noticed Scan offer finance options. An £827 costs over £1k over three years. I guess the extra £60 over three years for finance isn't too bad, but it got me wondering - would anyone here consider finance for a component?

    There appears to be a lot of people on various forums snapping the titans up so i wager some of them will be going this route, unless the amount of people who do have that much to blow really is quite significant.

    Ignoring possible work purposes/uses, i mean in general an item you don't necessarily need, would you go the finance route?

    Edit: Forgot to add a poll. /facepalm.
    Kalniel: "Nice review Tarinder - would it be possible to get a picture of the case when the components are installed (with the side off obviously)?"
    CAT-THE-FIFTH: "The Antec 300 is a case which has an understated and clean appearance which many people like. Not everyone is into e-peen looking computers which look like a cross between the imagination of a hyperactive 10 year old and a Frog."
    TKPeters: "Off to AVForum better Deal - £20+Vat for Free Shipping @ Scan"
    for all intents it seems to be the same card minus some gays name on it and a shielded cover ? with OEM added to it - GoNz0.

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    jim
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    Re: Would you pay with finance for a component?

    Personally, I'd just wait, or get something cheaper. In 3 years time, that £270 could be very useful... it'd pay for another upgrade on top.

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    Re: Would you pay with finance for a component?

    Quote Originally Posted by snootyjim View Post
    Personally, I'd just wait, or get something cheaper. In 3 years time, that £270 could be very useful... it'd pay for another upgrade on top.
    I've just said the same thing on Aria.

    Maybe Titan wasn't the best example.
    Kalniel: "Nice review Tarinder - would it be possible to get a picture of the case when the components are installed (with the side off obviously)?"
    CAT-THE-FIFTH: "The Antec 300 is a case which has an understated and clean appearance which many people like. Not everyone is into e-peen looking computers which look like a cross between the imagination of a hyperactive 10 year old and a Frog."
    TKPeters: "Off to AVForum better Deal - £20+Vat for Free Shipping @ Scan"
    for all intents it seems to be the same card minus some gays name on it and a shielded cover ? with OEM added to it - GoNz0.

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    Re: Would you pay with finance for a component?

    Unless it was for making money or towards your education,I don't see the point.

    However,personal debt is at a high in the UK,and it is really adding to the problems many people have. They keep buying loads of things on credit and cannot seem to manage it well.

    If you can manage your debts,maybe it would be OK,but it is still a few years of payments.
    Last edited by CAT-THE-FIFTH; 21-02-2013 at 10:48 PM.


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    Re: Would you pay with finance for a component?

    never. if my entire computer was broke and that was my only computer then i'd use credit to get a new computer if i didn't have the money, but i'd use a credit card and then sell stuff to clear the debt. not pay for it over months/years

    when it comes to a component for an upgrade, you just shouldn't be buying/upgrading if you don't have the money, especially when it comes to something like that, it's far from nessesity

    there is the saying that "it's your money you can do what you want", which is fair enough if you have the money you can blow it on what you want, but if you don't have the money in the first place it's just crazy to get into debt for something unimportant

    take something like this, by the time you've paid the item off, how much is it realistically going to sell for if you sold it second hand 3 years later? a tenth of the price, if you are lucky? give it a year or two and something of that power will be less than half the price brand new

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    Re: Would you pay with finance for a component?

    Nah, luxuries on credit is a no no for me. Know a couple of people who buy whole towers on credit on the logic that selling the it at the end of the credit agreement will cover the interest then immediately going for an upgrade, just a hassle free way to get a brand new top of the range box every few years. Don't know anyone who'd do a single component on credit.

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    Re: Would you pay with finance for a component?

    The only justification for buying a component on finance without being a complete muppet is if it's for work or personal development.

    I caveat this that this thread is clearly about finance for a component, not a computer.
    If you can't afford a component that is purely for luxury reasons without finance, you should wait until you can.

    Can you guess what my answer was?
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    jim
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    Re: Would you pay with finance for a component?

    Quote Originally Posted by badass View Post
    Can you guess what my answer was?
    Given that 100% have said no, I'm fairly confident

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    Re: Would you pay with finance for a component?

    Not a chance. There's nothing I want badly enough to go into debt over it, short of a roof over my head and food on the table. Fortunately, the former is sorted, and the latter unlikely to ever require debt to fund it.

    So I'm 100% debt-free, and have every intention of staying that way. Personally, I wouldn't even go into debt for a whole computer, let alone a component. I'd make do with the existing machine, or use an older but still working machine, or if need be, buy a dirt-cheap end-of-use machine from someone upgrading, for whatever I could afford. And if I can't even afford that, I sure as hell can't afford finance for a component or a better machine.

    I don't even use credit cards much, and NEVER for anything I can't afford outright, and then, I pay it off in full, on time. Most months, probably 8 out of 12, my credit card bill is zero.

    Even in good, safe, stable, high-growth and secure-job periods, you never know what's round the corner .... like ill health, accident, etc. Learnt that lesson the hard way. And a debt that is easily manageable today can turn into a nightmare millstone, right quick. Seen it happen.

    So, without wishing to seem judgmental, and with the proviso that we each get to live our lives as we wish, and make our own mistakes, my view is that unnecessary debt, and especially for things like this, is the sign of the naive, or the idiot. I'm sure as hell not going there, and I would advise others not to either .... but the one thing I've learned about advice is that most people (me included) rarely recognise good advice whenwe get it, and even more rarely take it, especially if it means denying ourselves something we want. Oh well.

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    Re: Would you pay with finance for a component?

    No my computer is a luxury so for an upgrade i would just wait. Although i would probably whack a component on a credit card if it blew up out of warranty and i didnt have the money so i dont know which is worst lol

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    DDY
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    Re: Would you pay with finance for a component?

    Don't need? Can't afford?

    Don't buy.

    Doesn't get harder than that folks.

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    Re: Would you pay with finance for a component?

    If it's some kind of interest free credit then it makes sense to do that as inflation will erode some of the debt so you would be better off. Like what you get when you buy a sofa. Also if you use interest free credit cards you can make a saving.

    Of course that sort of thing requires discipline.

    Personally I use my credit card to buy anything as then I have a nice record of transactions, the security of using then and I build up a credit rating. I find having everything listed in my debit account harder to track what's what.



    Personally I never use those kind of finance in the op.

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    Re: Would you pay with finance for a component?

    Quote Originally Posted by Kumagoro View Post
    If it's some kind of interest free credit then it makes sense to do that as inflation will erode some of the debt so you would be better off. Like what you get when you buy a sofa. Also if you use interest free credit cards you can make a saving.

    ....
    Depends on how you look at it. First, unless you have the money to pay off the finance before you start, then you are taking a risk. Say you buy that sofa, £1000, on credit. Then next month, you lose your job and income drops to benefits only. If you have the £1000 and can pay off the loan or card, then you're okay. But if not, the interest and/or charges can mount up very quickly, and if you're not careful, it costs you a fortune, and maybe ends up with debt collectors or even bailiffs after you.

    So, for peace of mind, my attitude is NEVER rely on future income to pay off a debt on a non-essential, because you're gambling that things go according to plan, and that that future income materialises. It may not.

    Quote Originally Posted by Kumagoro View Post
    ....

    Personally I use my credit card to buy anything as then I have a nice record of transactions, the security of using then and I build up a credit rating. I find having everything listed in my debit account harder to track what's what.
    I keep my own records, so don't need credit card statements for that. An accounts prog, a simple Excel spreadsheet, or even a £1 paper notebook will do the job. I agree about the building of a credit rating, but I don't really care about building one, as personally, I don't want credit, certainly not beyond what I have available. But I'm at that stage in life where that isn't an issue, and I grant you, many people aren't. And I also agree about security, up to a point. Consumer Credit Act protection is useful, provided the transaction is over £100

    I entirely agree about it requiring discipline.

    But the sheer habit of bunging everything on a card tends to erode that very discipline. Each to his own, of course, but for me, credit cards are an occasionally useful evil. but an evil, nonetheless.

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    Re: Would you pay with finance for a component?

    as someone that has screwed up financially in the past. no, never, and not again

    getting myself back on the scale has been hard, its done, end of, no more credit, except maybe for a house.
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    Re: Would you pay with finance for a component?

    No. I learnt my lesson that debt is a poor and expensive substitute for saving. The list of things I'd buy on credit is very very short indeed.
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    Re: Would you pay with finance for a component?

    For something 'non-essential' as a new component then I would never advise anyone to take finance

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