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simon b
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Quote simon b Replybullet Topic: Finance info needed
    Posted: 24/Sep/2011 at 13:11
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
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Quote Cyber_Tech Replybullet Posted: 26/Sep/2011 at 11:24
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.

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
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Quote simon b Replybullet Posted: 26/Sep/2011 at 17:20
Thanks
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