Not Mac OS X related but...
- Thread starter drustar
- Start date
phatsharpie
Futuristic Robotic Cat
My friend bought her Mac using the Apple Loan program as a Univeristy student. She hated the decision because the interest was murder. In the end she would've been able to buy a MUCH higher end machine with all the additional money in interest.
In general buying anything using loans is not a good idea (except for houses, because you can use it as a tax shelter), especially something that depreciates as fast and computers.
In general buying anything using loans is not a good idea (except for houses, because you can use it as a tax shelter), especially something that depreciates as fast and computers.
Yep... loans are 'bad', 'bad', 'bad', but I have some sprockets I'd sell you, on credit of course. 
The only thing these days that you really need a loan for is a car and house. Mainly because they are just too expensive. You could save money and find a cheap car, but sometimes you need a car to make money to save, so a loan, however how small, is needed.
But, loans also help you build credit. Stay away from credit cards. I think Apple's loan program was a high interest program, which is something to stay away from. Cars & houses are like around 6-8%, whereas Credit Cards and other programs can be like 18%+.
Admin
The only thing these days that you really need a loan for is a car and house. Mainly because they are just too expensive. You could save money and find a cheap car, but sometimes you need a car to make money to save, so a loan, however how small, is needed.
But, loans also help you build credit. Stay away from credit cards. I think Apple's loan program was a high interest program, which is something to stay away from. Cars & houses are like around 6-8%, whereas Credit Cards and other programs can be like 18%+.
Admin
Izzy
luv my lil' malteaser
I got my PB with an apple loan for students...this would have been the only way I would have been able to afford it. I got the computer, a zip drive, combo printer/scanner, and Virtual PC. I pay around 35 bucks a month...
I wish I would have been able to "save up"...but I'm in med school right now, so having a second job isn't exactly the easiest prospect. I also needed a computer now, and not a few years from now. It all depends on your situation...without the student loan I wouldn't have a computer now, bottom line for me.
I wish I would have been able to "save up"...but I'm in med school right now, so having a second job isn't exactly the easiest prospect. I also needed a computer now, and not a few years from now. It all depends on your situation...without the student loan I wouldn't have a computer now, bottom line for me.