MDG.ca destkop financing. Good deal or just sketchy?

dragonic2020

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Jun 13, 2011
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In Canada, we have the computer retailer called MDG that has several stores but also has an online store.
On it's website, it says you can finance a computer for only pennies a day.

http://www.mdg.ca/finance/desktops.aspx

It's top of the line desktop, the Apton GX, has financing for only $1.99/day or almost $60/month.

Here are its specs from the website:
Processor Intel® Core™i7-950
(8M Cache, 3.06 GHz, 4.80 GT/s)
O/S Genuine Windows® 7 Home Premium, 64-bit
Motherboard Intel® DX58 Chipset - Parallel port, integrated VGA & DVI ports, High Definition Audio and integrated 10/100/1000 network connection, enrich your multimedia creation experience
Memory 8GB DDR3 - 1333MHz Kingston® High Performance Memory
Hard Drive 2.0TB (2000GB)
Monitor 24" Cinematic Widescreen LCD - 1920x1080 True High Definition Viewing with 2ms Response Time (G-to-G)
Graphics Radeon HD6770 - 1GB
Audio Intel® HD Audio onboard, Desk Audio Extreme Sound 2.1 Speakers - 1200W (p.m.p.o)
Disk Drive LG® 24x DVD+/-R/RW Internal Drive
Card Reader Multi-In-One card reader
Mouse/key Microsoft® 400 USB Keyboard & Mouse
Case Silver/Black

It says interest rate is 9.8% but I'm not sure what the total cost would be.
Your opinions?
 

grillerman65

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Sep 8, 2011
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I just finished the paperwork and it looks like it's going to cost $80 per month for 36 months. If you do the math, it is way over priced because of the interest. In my case I don't have the greatest credit rating so I got hit with the 28% financing.

I am somewhat disappointed because I had originally financed a Toshiba Qosmio Laptop. But they sold out during the application process. The sales rep was going to refund my first payment and I was not pressured into purchasing another computer. But it's been years since I've had a desktop and saw the Apton GX and it has some good perks including the 1080P capability. So I chose to go for the desktop.

I can't tell you how good the computer is until I get it. But I have compared it to other system by places like Dell and the price is on par. It's the interest that is going to cost me.

Hope that helps.