hey guys, need some econ 101 help here.
I need to get a laptop, thinking about a D500 from Dell SB. the total is about $1200. I can finance it for like 36 or 48 months, but I'll end up paying way more. I think the apr is 9.99%.
anyway, so one of the plan is a "lease(?)" it's called $1 takeover plan or something, where you pay monthly dues but do you own the laptop at the end? because the other plan where you lease requires you to pay 10% of the inital value at the end to actually own the damn thing.
oh, and also, if some months I have extra cash to blow, can I pay more than the monthly due, and would that go towards my principal amount? thus decreasing the total amount owed?
hope that makes sense, and any help is appreciated. thanks.
I need to get a laptop, thinking about a D500 from Dell SB. the total is about $1200. I can finance it for like 36 or 48 months, but I'll end up paying way more. I think the apr is 9.99%.
anyway, so one of the plan is a "lease(?)" it's called $1 takeover plan or something, where you pay monthly dues but do you own the laptop at the end? because the other plan where you lease requires you to pay 10% of the inital value at the end to actually own the damn thing.
oh, and also, if some months I have extra cash to blow, can I pay more than the monthly due, and would that go towards my principal amount? thus decreasing the total amount owed?
hope that makes sense, and any help is appreciated. thanks.
Facebook
Twitter