financing a preloved phone?
The price is not the same when financed for 2 years
Best Answer
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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.
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Answers
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Salut @Jacques P. #31490
For sure there is some interest that make the price difference
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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?
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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.
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Thank you for the answers......I forgot about sales tax not included in the price.
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