Are you sayin 0% is bad? What is better then? If you have the means, pay outright, no? It used to be a lot worse, paying $16K+ for a 128MB Quadra something based RIP in mid nineties . Do you mean that these things are overpriced from the get go?
replyI am merely pointing out additional revenue streams for Apple here. They make money off the hardware and again off the financing. Car manufacturers and have much lower margins and finance via their financial arms with much less predatory terms than your average credit card. The zero percent APR is very attractive, and easy to convince yourself to go with something above what you can afford. Times are good for Apple.
replyGood for them. Things cost what they do. I hear you that one can fall into the 0% interest trap, but that’s on us.
replyNot that I want it to happen, but I wouldn’t be surprised if Apple could get away with even higher prices today. Like 50% more retail on everything. They are holding the line, but I wonder for how long and why. They can pretty much charge what they want.
How are they "making bank" by giving out 0% loans?
replyMy friend, the same way everyone else does. It goes from 0% to 28% interest when you miss a payment. Those are rates normal lenders fall asleep dreaming of.
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