What Made you Smile/What Ticked you off Today?

[REPO Man]

Anyone have any experience with Amazon Monthly Payments? I'm thinking of using it to get a new TV. It says the TV, currently on sale for $380, would cost $15.84/mo for 24 months with no APR. There's no credit check. Each payment is charged every 30 days but I can also make additional payments whenever I want. In theory I could make two payments of $15.84 every payday and be paid up early.

My current TV is a freebie I scored before the pandemic from Facebook Marketplace that has horrible burn in and the images lingers if it's static for too long. Plus it shuts off and turns on randomly once in a while.

[Limewater]

Anyone have any experience with Amazon Monthly Payments? I'm thinking of using it to get a new TV. It says the TV, currently on sale for $380, would cost $15.84/mo for 24 months with no APR. There's no credit check. Each payment is charged every 30 days but I can also make additional payments whenever I want. In theory I could make two payments of $15.84 every payday and be paid up early.

My current TV is a freebie I scored before the pandemic from Facebook Marketplace that has horrible burn in and the images lingers if it's static for too long. Plus it shuts off and turns on randomly once in a while.

Save your money and pay for the thing in full when you're ready to make a purchase. Zero percent APR is never really free.

I'm getting the HVAC system on my house this week. The HVAC guy asked if we were interested in 48-month no-interest financing.
Sure! No-interest financing sounds great.
We get the quotes.
I call him with some questions and he asks again about the financing.
I told him we weren't going to use it.
He ran new quotes and everything was about a thousand dollars cheaper.

You can almost certainly get a better TV cheaper if you aren't resorting to financing. You also won't ever have to worry about the penalties if you miss a payment.

[REPO Man]

The terms and conditions, if there's anything I forgot to mention.

But has anyone here actually used this method?

[marurun]

Are you willing to lose access to your Amazon account if you can’t make a payment? I mean, we’ve seen your struggles with rent at times.

[REPO Man]

A monthly payment of $16 sounds a bit easier to maintain than $140/wk. What I'm wondering is if I make early payments would I still be charged $16 every 30 days? Like if the first payment is processed on the first of the month and I make four payments before the due date of the second payment will I still NEED to make the payment on that date or does each subsequent payment push the next due date?

And if anyone's curious it's an Amazon-brand 4K smart TV with a 55" screen.

[Limewater]

A monthly payment of $16 sounds a bit easier to maintain than $140/wk. What I'm wondering is if I make early payments would I still be charged $16 every 30 days? Like if the first payment is processed on the first of the month and I make four payments before the due date of the second payment will I still NEED to make the payment on that date or does each subsequent payment push the next due date?

If you pay $300 in the first month, you will still owe $16 in the second.

You must pay every month until it is paid off.

Early payments will just cut time off the end.

This is how virtually every payment plan works.*

And if anyone's curious it's an Amazon-brand 4K smart TV with a 55" screen.

I haven't sneaked into your home and measured your room, but you've posted pictures online. That seems a tad big. Also will be difficult to take on a bus to New York.

It's also going to have tinny, crappy audio. If you're okay with that, fine, but otherwise you need to be budgeting for a soundbar.


*EDIT: Removed description of an exception to my statement to keep things simple.

[REPO Man]

They thankfully also have a 43" model. That's only slightly bigger than my old TV that I got from my late grand uncle's house.

Not to say I couldn't probably make a 55" TV work.

And from what I've read after Googling the service is more or less what I already know.

[marurun]

Hit up your local Freebies / Buy Nothing Facebook or NextDoor group and you could probably get something free that works just fine when someone else upgrades. Free is always better.

[REPO Man]

Not necessarily. Hardly anyone on this island has money to upgrade their electronics and actually consider giving them away. Beside, I checked. Nothing for free and what I found was not enough of an upgrade for what they were asking for.

Too bad Walmart doesn't have layaway anymore.

Plus I'm looking for a 4K television.

[marurun]

I don’t even have a 4K TV and I can afford one. Your priorities fail to align with your budgetary constraints.