Laptops have become essential equipment for anyone for their studies, work, or entertainment. Today there are many models with different tools, which can vary the price wildly.
Therefore, you can find different payment plans to provide you with ease when making a purchase. This can be of great help, mainly for students who do not have outside help and may find it challenging to buy one in cash.
Make payments on a laptop
There are several ways to purchase a laptop through payment plans. Some companies provide their plan, or you can use a Buy Now Pay Later method.
This would be the option that will give you the most options to choose from for your purchase. You could employ these apps in all the stores with them included in their payment methods.
You can pay with Affirm, AfterPay, Splitit, Klarna, PayPal, Pay in 4, Quadpay, or Sezzle. Each offers different payment plans and benefits.
In the case of Affirm, it offers plans to pay in 4 interest-free installments every 2 weeks. They also offer monthly payments that can reach up to 2 years. The interest can vary from 0% to 30% in this option.
Then we find Klarna, with which you can also pay in 4, monthly between 6 and 2 years, or pay in 30. In the latter, you must cover 30 days after your purchase the total amount of your debt.
Splitit offers monthly payment plans of 3, 6, 12, and 24 months. None of them have interest, but it will be deducted from the credit card in case of late payment.
AfterPay also offers pay in 4, but you will have to cover 25% of your purchase using it.
With Sezzle, PayPal and Zip, you can make payments for a month and a half with 4 installments of the same amount. In the case of Sezzle, it offers monthly payments of up to 60 months.
Payment Plan on Amazon
Companies like Amazon offer their financing plan, which includes a laptop. With a Store Card, you can buy a computer through the website with a plan that can last up to 1 year.
When paid within this period, there will be no interest fees. In addition, the purchase must be at least $600 for this plan to be approved.
The Amazon Store Card becomes an incredible option for these purchases. By applying for it, you will be able to choose the laptop of your choice and earn rewards as you pay for it.
Payment Plan in Lenovo
Lenovo has partnered with several credit card providers to offer its customers financing plans. Partners include Katapult, Genesis Credit, Synchrony, and Behalf.
You can opt for any of these plans if your purchase is at least $500. You will be able to cover your debt in total from 6 months to 1 year, with flexible payments according to your credit score.
Lenovo also partnered with Klarna, offering 0% APR financing plans. These plans are divided into 2 options. The first is an interest-free 4 installment purchase and payment plan for purchases up to $1,000. The second option is a 6 to 36-month installment payment plan for purchases up to $10,000.
Payment Plan in Best Buy
Best Buy has cards such as My Best Buy Visa and My Best Buy Credit, with which you can get financing plans on laptops over $299.
They offer plans that can last from 1 to 2 years, and as long as they are covered within this period or before, you will not have to worry about interest.
Payment Plan in Apple
Apple has financing plans known as Apple Monthly Card Installments (ACMI). These plans can last from 6 months to 2 years, and you will not have to pay any interest.
Likewise, while not a Pay Later plan, Apple can trade in old devices. This could work to save a little money when you want to trade in your laptop for a newer one.
Payment Plan in The Shopping Channel
This virtual variety store is characterized by its constant discounts and offers on different products. In the case of laptops, in addition to the fact that you can participate in their financing programs, you can find computers with amazing discounts.
The Shopping Channel’s payment plan is easy to understand since it works like other plans. As long as you are accepted, and your credit history is considered, payment plans that suit you will be worked out.
This is thanks to its Easy Pay feature, which depending on the product and your credit history, will set up an installment plan that may vary. However, they do tend to have APRs averaging 30%.
Payment Plan in Stoneberry.com
The online marketplace Stoneberry.com also offers payment plans based on your credit history. To access them, you must create an account and be approved as a debtor based on your credit history.
You can make purchases up to the amount assigned to you when you create your account. Your initial purchase, as long as you meet the requirements, can be up to $1,000.
Is it worth paying for a laptop in installments?
Like any other credit or loan, the BNPL is a system that can either fit you like a glove or mean a total catastrophe. Therefore, buying such a necessary laptop with this payment method could mean a before and after for your economy.
Especially if you don’t analyze the plan, you are getting into it. As you may have noticed, each plan has advantages and disadvantages, so making a final decision is up to you.
In the case of a laptop, what many users tend to do is, once they have finished paying the installments in extended plans, go for a new one. This is not bad, but it could tie you into an endless chain of constant debt.
Consider the lifespan of your laptop
A new laptop is a luxury that everyone, at some point, should afford. But if there is one thing we must be clear about, it is that the life span of a laptop is not the same as that of a cell phone, for example.
A laptop can last many years if we give it good use and constant maintenance. So a BNPL plan does not sound like a bad idea considering that when you finish paying for it, the laptop will still be at the peak of its performance.
It is not an item with a marked lifespan; its useful life will depend directly on the use and care you give it. So, if you are a responsible person, it is not a bad idea to try to make your BNPL plan for a laptop that accompanies you either for work or leisure. Especially in cases where your dream computer is out of your budget.
“Amazon.Com Credit.” Amazon.Com. Spend Less. Smile More., https://www.amazon.com/-/es/gp/cobrandcard/marketing.html?rw_useCurrentProtocol=1&place=camp&inc=plcc12&pr=conplcc&plattr=pclp&ref_=amb_link_l87OEpdINsmDWtFPYKS8iA_3.
“Buy Now Pay Later Laptop Financing | Lenovo US.” Lenovo Official US Site | Laptops, PCs, Tablets & Data Center | Lenovo US, https://www.lenovo.com/us/en/uspartsales/lenovo-klarna-credit/?orgRef=https%253A%252F%252Fwww.google.com%252F.
“Tsc.ca – Acer 11.6″ 32GB Intel Chromebook.” Shop Jewellery, Beauty, Fashions, Home at TSC, https://www.tsc.ca/Acer-116-32GB-Intel-Chromebook/pages/productdetails?nav=R:729729&edp=12978815.