How exactly do i finance a laptop at Bestbuy?
I want to buy a laptop at best buy...
it costs $ 479 and I'd like to finance it and only have to pay maybe 20 dollars a month considering I'm in college and don't want to drain my bank account all at once.
Can I use my bank Visa card to finance it through the store? Or do I have to sign up for the Bestbuy credit card and go from there?
How does it work?
Finance best answer:
Answer by sashazur
For sure you could use the Best Buy credit card, but if your bank visa card is a credit card (not debit) card, then you could use that too.
But remember, if you only pay $ 20 a month, you will end up paying WAY more than $ 479 for that laptop due to finance (interest) charges - no matter which credit card or financing you use.
For example, if the credit card interest rate is 18% (fairly typical), and you only pay $ 20 per month when you started with a balance of $ 479, you will end up paying $ 119 just in interest by the time you are done 30 months later - so that $ 479 laptop will end up costing you $ 598.
To reduce interest charges, pay off as much as you can afford every month, instead of just the minimum amount you have to pay.
Or better yet, save up the money and don't buy any laptop until you can afford to get one without financing.
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Tuesday, February 2, 2010 -- Governor Patrick meets with Israeli Minster of Finance Yuval Steinitz. (Photo credit: Eugena Ossi/Governor's Office)
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