I've been saving up for a year now (I am a student at Uni) and have saved £700 into my debit card bank account, so I decided to buy a new PC and after I chose all my hardware, it says at the top £649 so it was well within my budget. Now I go onto order now and it says;
Representative Example:
Buy Now Pay Later (12 Months / 60)
Price:
£649.00
Deposit:
£6.49
Total Amount of Credit:
£642.51
Interest Rate:
11.24% Fixed
Deferred Period:
Nothing to pay for 12 months (If you pay off the remaining balance of £642.51 during this period no interest will be charged, however a one-off early settlement fee of £29.00 will apply).
Monthly Instalments:
48 instalments of £20.91 per month.
Representative APR:
16.9% APR Representative
Total Charge For Credit:
£361.17
Balance Payable:
£1,003.68
Total Amount Payable (Inc. Deposit):
£1,010.17
So does that mean the PC is actually £1,010.17? Can't I just pay for it outright for £649 so I could actually get it?
Representative Example:
Buy Now Pay Later (12 Months / 60)
Price:
£649.00
Deposit:
£6.49
Total Amount of Credit:
£642.51
Interest Rate:
11.24% Fixed
Deferred Period:
Nothing to pay for 12 months (If you pay off the remaining balance of £642.51 during this period no interest will be charged, however a one-off early settlement fee of £29.00 will apply).
Monthly Instalments:
48 instalments of £20.91 per month.
Representative APR:
16.9% APR Representative
Total Charge For Credit:
£361.17
Balance Payable:
£1,003.68
Total Amount Payable (Inc. Deposit):
£1,010.17
So does that mean the PC is actually £1,010.17? Can't I just pay for it outright for £649 so I could actually get it?
