financing a preloved phone?

Jacques P. #31490

The price is not the same when financed for 2 years

Doomdrou

Many factors can explain this. First, taxes are not included in the price before finalizing the deal with Paybright. Second, there may have been a change in the interest rate due to your credit profile. Third, I heard that some preloved phones have different interest rates than others.

Financing a phone might be a good option, but there are so many variables explaining differences in interest rates that it is hard to find a right price before checkout.

Jess_i88b6

Salut @Jacques P. #31490

For sure there is some interest that make the price difference

Jacques P. #31490

Why is there over $4. a month more for an Iphone 11 I want to order for 24 months ?

Should be $28.29 a month but jumps to over $32. a month.

They say no interest or fees yet they do this?

PF_Ref_D2U9A

Jacques P. #31490

Apr 20, 2022

Why is there over $4. a month more for an Iphone 11 I want to order for 24 months ?

Should be $28.29 a month but jumps to over $32. a month.

They say no interest or fees yet they do this?

Here is some explanation from Fizz help page - https://fizz.ca/en/faq/how-does-financing-paybright-work#3

which may explain the difference

The PayBright conditions in a nutshell*:

*Visit the PayBright website for detailed information on all their terms and conditions. See Paybright’s terms and conditions. 

• The estimated payment amount shown to you before you finalize your transaction excludes taxes.
• The interest rates offered by PayBright may vary in time and per phone model.
• On the Regular Interest Plan for monthly instalments, applicants not approved for a 9.95% interest plan may be offered payment plans with applicable interest rates no greater than 19.95%, depending on their personal credit profile.

Jacques P. #31490

Thank you for the answers......I forgot about sales tax not included in the price.