Lenovo Financing
I was looking at Lenovo deal, and checked if they offer financing. At first I didn't find anything, but after through Google I got directed at Lenovo Canada page with Klarna financing. Anyone ever tried this?
Mar 7th, 2019 12:31 pm
Mar 7th, 2019 4:31 pm
No, because who in their right mind would finance consumer electronics.
Nope. That's why I'm on the internet arguing with strangers. If I had anything better to do I'd probably be doing it.Do you not have anything else to do rather than argue with strangers on the internet
Mar 7th, 2019 7:34 pm
Mar 9th, 2019 1:30 am
While you might find it crazy for someone to borrow money for electronics, there are people in this world who have low cash flow. And with people all wanting technology that’s faster/thinner/ etc etc, people tap into the well for this stuffdeath_hawk wrote: ↑ No, because who in their right mind would finance consumer electronics.
You're upside down before the order even ships.
Mar 9th, 2019 1:34 am
Lenovo just outsourced their financing to this company. I think a lot of retailers have their financing through Wells Fargo, chase, hsbc, desjardins, etc. it’s not lenovo’s core business model to offer financing because it’s a heavy regulated industry. It’s not strange that they outsourced to that company. Being said, not sure if I have heard of that particular company though.
Mar 9th, 2019 9:06 am
Mar 9th, 2019 1:50 pm
If you have low cash flow, the last thing you should be buying is faster/thinner/etc.porkchopbread wrote: ↑ While you might find it crazy for someone to borrow money for electronics, there are people in this world who have low cash flow. And with people all wanting technology that’s faster/thinner/ etc etc, people tap into the well for this stuff
30 ducking percent is decent?Financing from a company like Lenovo means you’re working with a financial company who’s offering you 15%to 30% borrowing rates (depending on the term and loan types). That’s actually decent. There are other companies that do financing for people with bad/no credit. Those are the kind of situations where a $600 laptop ends up costing you $2000 over the borrowing term.
Nope. That's why I'm on the internet arguing with strangers. If I had anything better to do I'd probably be doing it.Do you not have anything else to do rather than argue with strangers on the internet
Mar 10th, 2019 4:12 am
Mar 10th, 2019 6:10 am
I mean... you shouldn't be carrying at 20% either.porkchopbread wrote: ↑ Credit card interest rates are from 19% and up.
Think about payday loans, cost of borrowing is in the triple figures.
Someone offering a 0%/ low borrowing rates offers are most likely having the costs subsidized to entice purchasing. Also not everyone can be eligible for it. You’ll see 0% on approved credit (oac) in the fine print
Pretty much all of this.I’m not saying it’s a millennial thing, but people these days want stuff and they want it now. They don’t like compromising. Not every person is dropping $1000 on a brand new phone outright. They are getting new phones on activation subsidies and paying it off on their tab/monthly /mega data plan bills. You look around and see how some of the financially struggling people probably have nicer phones than the average person.
Some people can’t stay within their financial means. That’s why there’s a trend of people living pay check to pay check and less and less people are saving enough these days. People put themselves in bad financial situations. I’ve seen people with six figure salaries get rejected for credit cards - you wonder what’s going on there? If I made 6 figures I’d be doing great for myself.
Nope. That's why I'm on the internet arguing with strangers. If I had anything better to do I'd probably be doing it.Do you not have anything else to do rather than argue with strangers on the internet
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