A question about finance

[planetgong]

Hi

Quick question about Scan finance if I may.

I am thinking about signing up for the pay nothing for nine months deal.

Am I right in thinking that I will pay absolutely nothing for 9 months, then when the nine months are over I pay off the entire balance of the credit, and therefore incur no interest or finance charges?

Sorry for being dumb but I was just reading the credit agreement and it talks about the term being 48 months, paying so much by Direct Debit, different APRs and also early repayment charges!!

Cheers
Ben.

[Lee H]

Yes, our standard finance is the 9 months - Free Interest. The other figures and totals are an indication as to what would happen if you missed the "interest free" period for whatever reason.

Best Regards,

[planetgong]

Right I see. Can I pay so much per month for the first 9 months in order to clear the balance, or do I have to pay in a lump sum at the end of the 9 month period. Will you contact me when the 9 months are up if this is the case?

Thanks for the help.

[Lee H]

It's mainly a pay 10% deposit on the start of the finance and then 9 months later pay the remaining 90% off for not interest charges, or revert to a classic finance where there is an interest applied.

Best Regards,

[planetgong]

Well, decided to place my order on finance last Friday. Have sent documents back which have been received by v3 who have confirmed everything is ok.

Can you tell me when the order will go through as it isn't showing up in the 'my account' part of the website. Part of the order was for an Opteron 146 and I don't want to miss out when these come into stock!!

Thanks
Ben

[Grey M@a]

Lee have you changed from Cheltem UK as I was paid the deposit then £xx amount a month then at the end of the 9 months I paid the remaining balance. I wasn't able to pay the deposit then nothing till the 9th month.

[wesleyaldred]

The Buy Now Pay Later scheme (BNPL) is the ideal way to buy your purchases from Scan. With the exception of a 10% deposit, you can purchase and enjoy the benefits of any eligible product or combination of products from our portfolio NOW and make NO payments for xx months.


All of this information and much more can be found here http://www.scan.co.uk/finance/finance_portfolio.asp

[Grey M@a]

Wished that was avail when I ordered xD Not to worry at least I know its available for next time

[wesleyaldred]

It's been there as long as i can remember

[planetgong]

so can anyone answer my question

[wesleyaldred]

You do not and as far as i am aware cannot make any interim payments during the option period.

So you would pay the initial 10% deposit, then nothing at all until the final month of the option period, were you either settle in full or at that stage begin monthly payments.

[planetgong]

sorry,i meant the question about when the order will be processed now the finance has been approved? Also, as part of the order was an opteron how does that affect the finance?

[wesleyaldred]

Ok i will leave that one for David

[planetgong]

okmate no worries. David, over to you!

[DavidM]

I'll chase it with the finance team and get back to you.

[planetgong]

David - PM sent.