SCHOOL! Consider Computer Loans for Purchasing That New Computer!

If you are like many Americans, making ends meet has become a difficult task since the decline of the economy. Therefore, taking on any new debt is something that should be done with extreme caution. Even though buying a new computer is not as costly as purchasing a new car or house, it is an extra expense that many people cannot afford. If you are unable to buy your computer outright, you will need to come up with a plan for accomplishing your purchase. Below are some suggestions for getting the cash you need for your new computer.

Try Saving!

Are you able to budget a few extra dollars every week towards your purchase? What about working several extra hours/week with the purpose of using those extra earnings for your computer fund? While saving, do your due diligence and educate yourself about computers so that when you are ready for your purchase, you will know exactly what computer will satisfy your needs and budget.

Consider Utilizing a Computer

Loan! But, for many people, buying a new computer may be an immediate necessity for school or work. Therefore, delaying your purchase until you have an adequate amount of money saved is not a choice. If your needs are instant, then you may want to consider applying for a computer loan.

As soon as you have concluded that you cannot wait until you save enough money and are going to need to use a loan for your computer acquisition, you are going to need to determine what you are going to be able to afford as your monthly financing payment. That means calculating your existing monthly expenses and monetary obligations and subtracting that amount from your net monthly earnings. The amount left over is what you can commit as payment towards your new debt. And if this amount does not allow you to buy the computer will the bells and whistles that you are looking for, purchase a computer that will enable you to satisfy your needs now, but can be upgraded in the future when you encompass more money.

There are a variety of choices when it comes to financing a computer. The majority of the major computer manufacturers offer in-house financing for people with good credit, for all of their products, some even for refurbished computers.  And, yes, in the event that you have bad credit or no credit, you still may be able to successfully achieve an affordable computer loan. Companies like Choice Personal Loans offer a wide variety of good and bad credit personal loans including computer loans.

They even offer no credit check loans for up to $2000. No matter what option you choose for your computer loan, it is important that you absolutely make sure you are going to be able to afford the monthly payment. You don’t want to damage your credit for a purchase that is likely going to be less than $1500.

Post by Jordan

6 Responses to SCHOOL! Consider Computer Loans for Purchasing That New Computer!

  1. I had to purchase a new computer a couple of months ago. Since the computer I had was old and overloaded — it was about 9 years old- yikes – it was definitely time. I managed to put aside a bit each month for about 4 months and paid cash for it. That was definitely better than taking on more debt. And it was kind of interesting that I paid less for a faster, better, computer this summer than I paid for the old one 9 years ago! However, one thing that helped keep my costs down, was that I consulted with my IT guy at work. We discussed what I needed the computer to do, and what we mainly use it for. He wroted down the specs we needed, with a bit of room of additional unanticpated use and I used that as my guide for purchase. Without knowing enough about what I was buying, I would have probably purchased much more than I needed and paid several hundred more.

    The Princess will need her own computer to go off to school with next fall. We are each putting aside money for that one. And I’ll be sure to seek guidance again!

    • I think most people only need a couple hundred dollar laptop. I can’t figure out what anyone does with these $1200 laptops – I listen to music and run oh 8 or 9 sites and still only have a $300 computer!

  2. Very important article for those going back to school this time of year. A college student, undergrad or higher, cant afford to be without a computer these days. I financed mine with Dell when I started college.

  3. This was a long long time ago lol… im 30 now, and I want to say I bought that comp 7 or 8 years ago maybe. I have a new one since. No they dont have especially good terms at all…obviously not having to finance is the way to go, then you can google shop for the best price! however, if financing, dont do it through dell!

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