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 Topic: Finance info needed |
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simon b
Components Assembled 
Joined: 19/Dec/2008 Location: United Kingdom Online Status: Offline Posts: 40 |
   Topic: Finance info neededPosted: 24/Sep/2011 at 13:11 |
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I will shortly be purchasing my second Cyberpower PC. I have considered using the Take 10 finance option (10% deposit and then 10 equal payments)
When i put this through the finance calculator, it shows the details all fine. With the 10% deposit being the 10% charge for credit. However it also shows that APR is 26.3% variable. What does this mean? The calculation shows 10% interest, what about the 26.3%. I've used credit on many things before but never took the time to understand this. Thanks |
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Cyber_Tech
Forum Administrator 
*Tamed Overclocker* Joined: 11/Jun/2008 Location: United Kingdom Online Status: Offline Posts: 9921 |
Posted: 26/Sep/2011 at 11:24 |
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It's basically like interest free credit but with a 10% surcharge. Only if you go over the agreed period does the APR figure come into play.
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Note: the forums aren't an official support route, but we'll do our best.
If you have a fault please contact our official support line: 0844-371-8787 or email support@cyberpowersystem.co.uk |
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simon b
Components Assembled
Joined: 19/Dec/2008 Location: United Kingdom Online Status: Offline Posts: 40 |
Posted: 26/Sep/2011 at 17:20 |
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Thanks
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