If one thing’s certain, it’s that most young people are video game lovers. Since the release of Microsoft’s Xbox, everyone has wanted to have one of these consoles in their homes. But Xbox has constantly been updating its devices and incorporating new consoles into its catalog, such as the series X and S.
However, these devices can be expensive, making it difficult for family members or themselves to buy them. Hence, they sometimes look for other payment alternatives, such as Buy Now Pay Later through Affirm’s application.
What is the cost of an Xbox Series X and S?
We have investigated the functions of this new generation of video game consoles. We love everything it can offer us, its quality, its functions, but how much will it cost to buy it? The Xbox Series S costs $299.99, and the Xbox Series X costs $499.99.
Although the price is not too high, it could be difficult to pay it simultaneously with the rent, food expenses, and debts, so we may not be able to pay it now.
However, this does not mean we must wait for the full money to buy. We can also use Affirm.
We know that an Xbox in this range would be a perfect gift for any teenager because they usually come with download codes for some of the most popular games, such as Minecraft.
Xbox One X Affirm
You have the good fortune that Microsoft has several online and in-store participating retailers through which you can purchase the Xbox of your choice.
We can find GameStop, Verizon, Best Buy, Walmart, and Target among the partner retailers. These last two have Affirm among their store payment methods, so you can buy your console with it when you go there.
However, if you want to make your purchase online through Walmart and Target, it might be a little more difficult since they accept Xbox All Access, which also works as a Buy Now Pay Later, but with different fees.
Affirm buy now and pay later at Target and Walmart
The procedure is similar for both Target and Walmart purchases. First, you must download the Affirm app on your mobile device to check out after choosing between the Xbox X and S Series.
Once you are at checkout, login to the app with your username and password; then, select “Buy in store” and choose Target or Walmart, depending on your store.
Now, you must choose the loan you want for your purchase. You can choose between 4 installments every 15 days or monthly payments. Then, wait for your application to be approved to complete your purchase. You could also use
Apply for a loan with Affirm, and once approved, you can add the Affirm virtual card to your Apple, Google, and Samsung Pay to tap and pay at checkout at a Target store.
Another viable option would be to link the Affirm virtual card to your Pay app, be it Google Pay, Apple Pay, or Samsung Pay. Affirm can be linked to any of these. This way, you could streamline your shopping.
What are the repayment amounts through Affirm?
This will depend on the type of loan you choose, which can cover an amount from $100 to $3000, the range in which you can purchase the Xbox Series X and S. However; you can set up automatic payments in any of the options you choose.
We have the option of making one payment every two weeks, six monthly payments, or 12 monthly payments.
In the case of 1 payment every two weeks, you will have to make four payments of the amount of your original purchase, and you will not have to worry about interest. If you decide to buy the Xbox Series S, which costs $299.99, you will have to make four payments of almost $75 every two months.
Now we have the six monthly payments. This more flexible option allows you more time to cover the installments, but it has an interest rate of 15% APR. This way, in the end, the amount of your debt will be greater than the amount of your purchase.
Finally, you can choose to make, for one year, one monthly payment at an interest rate of 15% APR, which would give you double the interest compared to the six monthly payments, but over a longer period.
Going back to the example of the $299.99, by choosing the six payments, your final payment amount would be approximately $313.26, and with the 12 monthly payments, $324.93. It would be your decision which options seem more viable to you.
On the other hand, it would be better to use the monthly payments when purchasing expensive items because they allow you more time to cover your debts.
In addition, before choosing any option, you must be sure that you will be able to cover the installments, so it is not just a method to get out of debt quickly.
Although Affirm does not have late fees, it is best to be responsible and pay off your debt promptly.
Xbox X Series vs. Xbox S Series
Both consoles have benefits and will make you experience video games at their best. The Xbox Series X has an internal storage of 1TB, 4K gaming resolution, and a processing power of 12 teraflops.
While the Xbox Series S has a smaller storage of 512 Gb, a gaming resolution of 1440p, and a processing power of 4 teraflops.
References
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“What Is Affirm? How Does Buy Now Pay Later Work?” Affirm | Buy Now, Pay Later with No Late Fees or Surprises, https://www.affirm.com/how-it-works.