Has anyone bought a PC off finance?
I'm buying my PC for £1300 but I'm confused by a few things...
Total Cash Price: £1299
Deposit: £129
Amount of Loan: £1170
APR: 29.9%
Total Amount Payable: £2200
Administration Fee: £29.00
So the APR stands for the interest right? Well I'm going to be paying the £1170 in maximum 6 months and it says that if I pay the loan off within 12 months, I will not be charged interest, so does that mean the 29.9% APR will be wiped and the total payable will only be £1170, not £2200?
Sorry if this isn't right area to ask lol you can direct the question to else where if not, but I am panicking about all this a little just incase I mess up. I'm gonna call them anyway tomorrow, but if I ask here and anyone knows, I atleast have a little knowledge on what to say.
Thanks again
I'm buying my PC for £1300 but I'm confused by a few things...
Total Cash Price: £1299
Deposit: £129
Amount of Loan: £1170
APR: 29.9%
Total Amount Payable: £2200
Administration Fee: £29.00
So the APR stands for the interest right? Well I'm going to be paying the £1170 in maximum 6 months and it says that if I pay the loan off within 12 months, I will not be charged interest, so does that mean the 29.9% APR will be wiped and the total payable will only be £1170, not £2200?
Sorry if this isn't right area to ask lol you can direct the question to else where if not, but I am panicking about all this a little just incase I mess up. I'm gonna call them anyway tomorrow, but if I ask here and anyone knows, I atleast have a little knowledge on what to say.
Thanks again