Interest free option on lenses ?

scottduffy

scottduffy

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Scott
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Anyone know anywhere that does this? I know i could just get a credit card for a year and do it this way but i was just wondering if anyone knows of camera shops/suppliers who give this option. I was going to buy a Canon 70-200 F4 L lens but i might just plump for the IS version and pay it up.
 
Only interest free one that i know of is via grays of westminister, obviously they only do Nikon stuff though so of no use to you whatsoever :(
 
Thanks anyway mate. I was looking at Warehouse Express and their interest is 29.8% if i remember correctly. You would think in this so called recession that companies would be biting your hand off for the best part of £1000 of your money.
 
Might look into that. I am thinking the credit card might be a better option. Jessops is £959.00 for the f4 L IS and amazon and warehouse express are around the £890 mark. Not much point in getting 0% interest is you're already paying £100 more.
 
PCWorld do Buy Now Pay 6/12 months at 0%. that's how I got my 450D :D
 
Dabs also do a buy-now-pay-in-12-months and usually have good prices on Canon gear (I got my 5d Mark II, 24-105, 580MkII and a 430MKII for £2400 just after launch). As long as you'll be able to pay it off after 12 months it's fine.

If you need longer to save, you could buy it on a buy-now-pay-later and then get a 0% credit card at the end of the buy-now scheme, but I'd only recommend doing that it if you feel you will be diligent enough to arrange it.
 
There's no such thing as interest free credit. You always pay the interest one way or another. Even when you're not aware of it sometimes! I bought a 70-200 L 4 IS from Kerso very recently for £799 and I think it's a few quid cheaper now. Immediate delivery, full UK warranty :thumbs:
 
there is interest free credit, as i've "bought" my 450D for the same as i'd have bought it for if i paid cash there and then.
 
recrudesce said:
there is interest free credit, as i've "bought" my 450D for the same as i'd have bought it for if i paid cash there and then.
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Then the cost of your credit has been incorporated into an increased price for the goods in the first place. Either that, or you have effectively got a discount, which you might have been able to negotiate as money off for a cash sale. Could you have bought it cheaper elsewhere? If so, there's your cost.

It has to be that way, as lending money costs - first principle of banking. The actual cost can be amortised across a range of products, which is what happens with loss-leaders, but they get their money back one way or another. The trick is that they've got a sale, you've got a good deal, and everyone's happy. That's retail marketing.
 
HoppyUK said:
Then the cost of your credit has been incorporated into an increased price for the goods in the first place. Either that, or you have effectively got a discount, which you might have been able to negotiate as money off for a cash sale. Could you have bought it cheaper elsewhere? If so, there's your cost.

It has to be that way, as lending money costs - first principle of banking. The actual cost can be amortised across a range of products, which is what happens with loss-leaders, but they get their money back one way or another. The trick is that they've got a sale, you've got a good deal, and everyone's happy. That's retail marketing.
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If you do not pay up in full at the end of the interest free period they will hit you with the extortionate rate - they make a lot of money that way
 
HoppyUK said:
Then the cost of your credit has been incorporated into an increased price for the goods in the first place. Either that, or you have effectively got a discount, which you might have been able to negotiate as money off for a cash sale. Could you have bought it cheaper elsewhere? If so, there's your cost.

It has to be that way, as lending money costs - first principle of banking. The actual cost can be amortised across a range of products, which is what happens with loss-leaders, but they get their money back one way or another. The trick is that they've got a sale, you've got a good deal, and everyone's happy. That's retail marketing.
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interesting, cos i got my 450D for the same cost on 0% finance than i would have paid if i went to Warehouseexpress, Jessops or any company and gave them a wedge of cash. so where's the interest hiding ?:suspect:
 
0% usually means 0%, it's those who don't pay at the end that end up paying much more
 
recrudesce said:
interesting, cos i got my 450D for the same cost on 0% finance than i would have paid if i went to Warehouseexpress, Jessops or any company and gave them a wedge of cash. so where's the interest hiding ?:suspect:
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The interest is in the increased profit margin. Both Jessops and WEX are £15-20 more expensive than some others on a 450D.

Why the :suspect: smiley? Where do you think the interest is hiding? Sometimes you get rock bottom prices and no freebies, or a discount off the marked price which has already been marked up, or interest free credit which is the same as the alleged discount, or a free bag and memory card, or some other incentivised bundle, but nothing is ever free.
 
so how have i managed to get a 450D on 0% finance then without paying any more than the marked price ?
 
recrudesce said:
so how have i managed to get a 450D on 0% finance then without paying any more than the marked price ?
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If you are happy with the deal bud, I don't want to argue with you.

But the concept that somehow credit is free, is one of fundamental causes of the worst financial crisis in living memory.
 
HoppyUK said:
But the concept that somehow credit is free, is one of fundamental causes of the worst financial crisis in living memory.
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Ain`t that the truth. Credit is fine if used sensibly, alas, in most cases, it wasn`t.
 
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