Dixons/PC World finance deals

PaulHughesWH · 07-01-2005 1:01am #1

Anyone know what their finance deals are like for a laptop? Or how long it takes to complete? I know you have to have proof of identity, i.e. a bank statement, proof of address/passport etc. But can the deal be signed there and then (i.e. to take the product home), or do you have to wait for delivery? Your help would be appreciated.

John R · 07-01-2005 1:12am

Other than interest free offers I would suggest that store credit is avoided, they are rarely good deals.

PaulHughesWH · 07-01-2005 1:28am

Well, it's the January sales, so I'm counting on a good deal. The point I'm getting at is - is there much hassle setting up a deal if you have the right identification? I'm a student.

eth0_ · 07-01-2005 1:35am

I agree, take out a bank loan, they're usually around 7% whereas Dixons/PC World finance is 29% !!!!

Taking out interest free finance is good for your credit rating, but make sure and pay it back before the interest kicks in.

It takes about 15 mins to fill out the forms, and you're told to come back in an hour to get a decision. If they approve your application, you sign the contract and you can take your stuff home then and there.

Lydesia · 07-01-2005 1:43am

I would completly advise against a finance deal, and buying out of these stores.
A mate of mine worked in currys, i have heard his reasons why not too. lol

PaulHughesWH · 07-01-2005 1:48am

And how long would it take me to sort a bank loan? And repaid over how much time?

eth0_ · 07-01-2005 1:56am

PaulHughesWH wrote:

And how long would it take me to sort a bank loan? And repaid over how much time?

A week minimum to get the cash.

Ring your bank!

heggie · 07-01-2005 2:09am

to get store finance you will usually have to have a job, for atleast 6 months, and proof of residence.

PaulHughesWH · 07-01-2005 2:14am

Thanks, you're lifesavers! Anyone have any details about the Bank of Ireland student loan? BOI's site doesn't tell me much.

kdouglas · 07-01-2005 2:47am

best bet is to just walk into your bank and tell them you want a student loan, most student loans will require a guarantor of some kind (usually a parent) afaik. interest rates are much better though, and like has been said, never get store credit unless its interest free and your sure you'll pay it back on time. and if your buying from dixons or pc world, be sure you know what you want and know what it's worth. also, i'd avoid taking their insurance, it's really just a commission earner, take out insurance under a household policy if you can, its much cheaper.

PaulHughesWH · 07-01-2005 2:53am

kdouglas wrote:

best bet is to just walk into your bank and tell them you want a student loan, most student loans will require a guarantor of some kind (usually a parent) afaik. interest rates are much better though, and like has been said, never get store credit unless its interest free and your sure you'll pay it back on time. and if your buying from dixons or pc world, be sure you know what you want and know what it's worth. also, i'd avoid taking their insurance, it's really just a commission earner, take out insurance under a household policy if you can, its much cheaper.

What's interest like in PC World and Dixons?

eth0_ · 07-01-2005 3:12am

PaulHughesWH wrote:

What's interest like in PC World and Dixons?

I already told you what the interest rate is! Are you reading any of the replies here??

PaulHughesWH · 07-01-2005 3:15am

eth0_ wrote:

I already told you what the interest rate is! Are you reading any of the replies here??

Is that for both? Pretty heavy.

eth0_ · 07-01-2005 3:22am

Dixons and PC world are sister companies. They don't do the finance themselves, HFC bank do it. *any* in-store credit is ridiculously expensive, that's why you're better off getting a bank loan.

PaulHughesWH · 07-01-2005 3:25am

So in PC World, a laptop at €1,500 would end up costing around €1,950...?

heggie · 07-01-2005 4:31am

yes, or more, which part arnt u getting? tbh, store finance is for people who are maxed out with bank loans etc, and that interest free thing is just a lure into finance, most people dont pay in time and end up going for the interest option

Boro · 07-01-2005 10:54am

The finance option in pcworld/curries/dixons is really expensive if you take it out over the 4 years. There is a 3/6/12 month interest free option, which you can try and talk the salesperson into giving you. However if you miss payments on that, you get locked into the 4 year contract at 29%. Most salespeople wont give it to you, as they are set targets by the store management to sell a certain % of finance deals. I have seen salespeople blatantly lie about what the finance entails just to sell it.

Bank of Ireland do a fast track loan system - you can apply and be accepted almost straight away - then it just takes 2-3 days for the money to enter your account. Doing it over the phone or internet will save you 1% apr afaik but sometimes its better to talk it over in person with a loan manager in a bank. Just go in and make an appointment (or call your local bank).

Another option is the Credit Union - they normally give pretty good rates if you have an account with them.

Dixons/PC World finance deals

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