Sunday, September 18, 2011

How does the dell preffered program work?

I wanted to get a new Dell laptop but I dont have the money to pay it all on the spot. I saw that the "Dell Preferred Plan/Program" lets you pay a certain amount per month for x number of years. How does that program actually work? Are there any no-no's or advantages or disadvantages? Are there any hidden -anything- that I should know about? Any experiences?





Or if you dont have any experience with it, is there any advice?|||DPA/Dell Preferred - This is the Dell credit card, like a Sears, Macy's or Radio Shack credit card. Typically a high rate, low limit card. The lowest APR is still around 18-20%, and that comes with a $5,000 limit. The $4,000, $3,000 and $2,000 limits have rates in the mid to high 20s. The lowest limt, $1,500, has an APR of 29.99%. NEVER USE THIS UNLESS THERE IS A KILLER NO INTEREST PROMOTION.





a. Interesting Note: In the Back-To-School season of 2005, DFS (Dell Financial Service) was issuing cards to 18 year olds with a $7,000 limit and a 29.99% interest rate.





Small business typically runs a few dollars more than the home office, but you stand a better chance of getting domestic tech support rather than non-native English speakers. As an added perk, small business promotions are occasionally better than home.





There are many different pricing packages for the same product throughout the various sections, typically three or more per segment.


If you're buying a Dell soon, configure a unit from a link off the main page, from the product listing on the drop down and from the "As Advertised-Newspaper" drop down. Configure the same system each way at the home, small business and the Direct (kiosk) site (http://www.dell.com/directstore). It is very likely you will end up with nine different prices.|||The dell preferred program works the same way as a car loan would pretty much. You are basically just financing your purchase instead of paying it all at once.





I can't vouch for their service personally (I've always paid straight up), but please for the love of god make sure that you know what you are getting into first. I have heard some horror stories about how they will grant you a free year of no interest, but then all of a sudden jack up your interest rate to like 20%.





Just be careful before signing off on computer financing and if you do decide to finance your purchase, try to pay it off as early as possible just in case they do try and screw you.

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