Anyone got a Streak from Dell on finance?

[Guest vinokirk]

Has anyone gone to Dell and bought a Streak on finance? I see they have a 'Buy now pay in July 2011'. Has anyone gone for this option? How much do you end up paying or is it intrest free?

[Guest WilhelmsBrick]

Has anyone gone to Dell and bought a Streak on finance? I see they have a 'Buy now pay in July 2011'. Has anyone gone for this option? How much do you end up paying or is it intrest free?

Well first thing - had no idea the streak was up for directions sale yet.

If the finance is what I saw when looking at laptops as long as you pay by the July 2011 date its just the cost of the product BUT there is also a £49 charge for taking out the finance and a £10 administration fee.

If you don't pay off in time it's around 29% extra to pay.

So basically its an extra 60quid in the least.

Obviously I'm assuming this is the Dell UK website.

[Guest courtlandre]

Usually these types of deals are interest free as long as you pay it off BEFORE the date its due. If you don't, then they hit you with all the accumulated interest. I say, if you cant afford it now, you cant afford it in a year :(

[Guest mobiholic]

You get charged the £49 admin fee as soon as you take out the credit agreement, this is not added to the amount of credit you get and actually needs to be paid using some other source of funds. Then if you pay it off within 12months you also pay a £10 early repayment fee, so the minimum extra payment for this credit agreement is £59 as WilhemlmsBrick said.

There are no regular payments to make within the 12month period, you simply need to settle in full before your 12months is up.

If you fail to pay the full amount within 12months you will start incurring interest at a very high rate.

The offer was due to end yesterday though and I can't see it on the site anymore.

Edited July 23, 2010 by mobiholic