|
|
This Is Our Top
Computer Financing
Pick.
 |
|
Computer financing deals are as varied as the menu of computer
systems
out there. This is a good thing, for it means there's a deal that's
structured
favorably for you no matter how poor your credit may be. While it's
foolish to
expect to waltz in and finance a computer for zero money down and
low
monthly payments if your credit rating is abysmal, it is possible to
skip out on
the deposit or secure low monthly rates--just not both. High-earners
can't
always understand the need for computer financing. A home is
financed, or a
car, or even a diamond ring. But a computer. Aren't PC prices the
lowest
they've ever been, thanks in part to stunning technology that
renders new
machines obsolete after only three or four years. Well yes, the
technological
curve is sharp, and that in part explains why financing exists.
Prices on
outdated machines are low enough to attract buyers with little or no
money,
but what if you rely on a computer for your livelihood. As lenders
make bad
credit computer financing, as well as other forms of financing, more
readily
available, the cycle perpetuates itself. Consumers continue to live
paycheck
to paycheck, substituting short-term debt in place of the cash
cushions that
used to buffer them from bankruptcy. Add to this the centrality of
computers
in our daily lives, and it's easy to see why the computer financing
industry is
booming. To take advantage of bad or no credit computer financing,
you'll
need a few things. For one, an active banking or checking account is
a must,
as is proof of income. Without these, no creditor, no matter how
risk-neutral,
will entertain the idea of floating you a credit line. You'll also
need documents
confirming that you've never declared bankruptcy or, if you have,
that it has
since been discharged. Others maintain that it's better to have bad
credit
than no credit because at the very least you can qualify for
additional lines,
even if they're at ridiculously high interest rates. If you know
you're going into
short-term debt in order to weather a brief storm, owing 20 or 25
percent for
a month or two isn't the worst scenario, especially if you know
there's money
on its way. With no credit, you don't even have that luxury and
usually have to
start out with a student- or teen-friendly credit card. In that
vein, there are
companies that concentrate on no credit computer financing. Some of
them
use military loans to furnish young men and women with the computers
they'll
need once they leave the Armed Forces. Others space the payments out
for
such a long term, as the life of the loan is called, that it's
nearly impossible
for candidates to default since the monthly installments are so low.
Whatever
the case may be, if you've yet to build up credit, don't despair.
There's
computer financing available for anyone. New computer financing has
sprung from this market pressure. It's better for sellers to lure in
customers
for the long haul, even if it's at a reduced profit, than let their
competitors
take the business. Sometimes that even means offering no credit
computer
financing to buyers who might otherwise be deemed risky. As
companies
struggle to keep up, superior computer financing deals start to
emerge.
That's just the nature of the free market. A lot of people naively
assume that
long-term financing deals such as these only apply to refurbished or
used
computers, not the latest models. This couldn't be further from the
truth. In
fact, many companies only offer computers straight from the
manufacturer,
which means their warranties are still intact. This can really save
you in a
pinch if you fry a pixel, zap a battery, or have missing or broken
keys.
Financing laptop computers is a great way to get the technology you
need
on your desk today with a minimum of hassle. If you've ever sat down
with a
car salesman, an insurance agent, or any other kind of broker, you
know the
level of distress that heated negotiations can bring. Even if you've
only
bartered in a marketplace, the adrenaline of going back and forth,
offering
and refusing, adjusting and counter-offering, is already familiar to
you.
Fortunately, when it comes to financing a computer, this stress
vanishes
altogether. Rates are so low right now that there's little to haggle
over. If
you're in no position to be issuing your own credit terms, what are
you going
to do, nitpick over a lone percentage point. With a car, maybe. With
a house,
absolutely. But with a 1500-dollar purchase, by the time you're done
wheeling and dealing, the point you've won is wiped out by the extra
three
hours it took to earn it.
Latest
Computer
Financing Links
Thanks for visiting this
financing for computers directory
site. We hope to help you find the
financing
site that fits your needs. :) |
|