Yes, the amount per month is set so that it would be paid off in 4 years, so to pay it off in full you would indeed have to pay the remaining balance (and the £29) off before the 12 months were up to avoid the interest charges.Okay thank you so say I pay the 12 months monthly then it doesn't come up to the price it's meant to be, do I have to pay the rest off and £29 fee
The 12 months "Buy Now Pay Later" finance option is a 60 month (5 year) finance package which will allow you to purchase a computer system now and begin making repayments 12 months after the dispatch date.
As part of the package you have the option to settle the remaining balance in full at any point during the first 12 months without paying any interest - you will only need to pay off the remaining balance plus a £29 early settlement fee.
If you have not settled the remaining balance during the first 12 months, monthly repayments will commence for 4 years and the total balance payable will include interest.
In simple terms - the Buy Now Pay Later finance option allows you to purchase a computer now, and providing the remaining balance is paid within 12 months, the only charge for finance will be a £29.00 early settlement fee!
PCS's Finance package changes a little from time to time. The current arrangements - using a £1000 PC spec as an example - appear to be these:
Wide selection of laptop finance and gaming PC finance options available to help you pay for your new computer with minimal deposit required. See here the finance options.www.pcspecialist.co.uk
So you pay the deposit e.g. £10. You then need to pay off the £990 remaining, plus the £29 fee, within 12 months. And then you're done. So that's a total of £1029 paid for your £1000 gaming PC.
If you don't pay it off, then you're dealing with the monthly payments, which include interest, and appear to span 4 years. Paying for the PC on those terms (with a £10 deposit) would mean you'd end up paying 48 x £32.21 monthly payments.
Which is £1,546.08 for a £1000 gaming PC.
As above, take some independent advice about finances if you are at all unsure.
I believe quite a few can go through the whole finance process without having to go near a single piece of actual paper, however some have been required to do further checks and it's possible they will require you to actually sign something - but I just do not know, and this will be entirely based on personal circumstances and none of us on here can tell you if that would be the case for you or not.If I get aprroved by hiatachi or whatever n I get a contract can I sign it online because I don't have a printer
You will get all the payment terms before you sign which will have the schedule within it.So when I put the deposit down which is £6.44 and I get approved do is it get built and then shipped to my address and also does the monthly payment start the next month it has been approved?