How to Finance a Computer
Although computer prices, especially for laptops, have come down dramatically in the past 10 years, computers often are expensive purchases. We sometimes need to purchase a new computer due to malfunctions and have not budgeted for the extra expense. When you are not expecting to buy a new computer, the expense can be daunting or even prohibitive. If you need to buy a new computer and cannot pay upfront, there are several financing options available.
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Instructions
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Apply for in-store financing. Many computer and electronics stores offer in-store financing where you can obtain a loan when purchasing your computer. Big box electronics retailers such as Best Buy tend to have two options. First, you can apply for the store's credit card and put the purchase on that card. Second, the store may offer financing options in addition to a credit card. Although you will have to fill out a credit application and be approved, it is generally easy to receive such in-store credit. Getting a revolving credit card, such as a Best Buy card, can even help your credit if you keep the credit line open, pay your balances on time and keep your balance as low as possible.
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Apply for financing through the computer brand. It is usually a good deal to buy your computer directly from the manufacturer rather than a computer store, as you bypass the middleman and the extra markup. Go to the website for the computer brand in which you are interested and look into buying online directly from the manufacturer. Prices will be good, and you will have the opportunity to receive financing from the manufacturer. For example, if you are interested in purchasing an Apple computer, go to the company's website and apply for financing through the associated credit company.
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Buy your computer through an online club or discount site. There are many online sites that sell computers at huge discounts with financing available or provide discount computers through a club which you can sign up for to receive the low prices. These online sites have financing options available so that you only have to pay $20 to $50 per month. Although the finance charges can range from reasonable to high, some online research can tell you which sites are worth the money and which ones are too costly.
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