and we'd like to do it where we can make payments. Most brands have great deals right now. Any input on who pulls what reports? We are looking into Dell and Compaq mostly at the moment. Thanks!!
Think of it this way: If you bought a computer today, how much would it be worth if you had to sell it tomorrow? 1/2 of what you paid, if you're lucky. So, why would you finance something that loses 1/2 (or more) of its value immediately? Besides, those computer makers usually charge around 20%+ for the loan. Buying a computer with a loan is a really bad financial move. If you don't have the cash to pay for a computer, try buying a used one on eBay, etc.
Thanks to both of you... Actually, gottogo... that makes sense. We have a good working computer, just a little outdated. We had been told by a friend that if we financed it would show up as a good open account on our CR. Not so?
Well, you'd be paying a rather large sum just to get a good tradeline. If you want good credit, just apply for a line of credit and only use it as needed. In other words, get yourself a Capital One (or similar) card and use it responsibly. In fact, if you got a Cap One card, you could use it to buy a used computer, and save a whole lot of money
