Jessops finance

Dman

Dman

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I need to use Jessops finance option to buy my new D700, if I take this out at 12 months interest free, does anyone know if I can pay off lump sums at any one time, say £200 one month, £300 the next, or whether I am stuck by the monthly repayments set out when taking it out?

Thanks
 
Having a quick look at the website it looks to be a standard finance deal ie you pay the set monthly figure, or the full thing.

If you want to pay of big lumps in one go would a 0% purchase Credit card not be better for you?
 
swordjo said:
Having a quick look at the website it looks to be a standard finance deal ie you pay the set monthly figure, or the full thing.

If you want to pay of big lumps in one go would a 0% purchase Credit card not be better for you?
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But by the time it takes to get that processed and through the letterbox, I could have had my shiny new toy for over a week :D
 
... but not have a flexible payment option. You could always just stick the extra payments into a savings account, but then you will have the temptation to spend it on more shiny things.
 
It's all at once or into the apr stages.
You'd be better off saving the amounts you want to pay each month like suggested.
If you don't want to go into the interest part Fee for paying it all off before the amount is due is £29

6 months 0% is for spends between £250-£800
12 months 0% is for spends £800+

You can make it easier for yourself if you like by paying a deposit now aswell.

Handy service from Jessops this.

Regards,
Jon.S
 
Cheers, just signed up and paid a £500 deposit, the bloke reckoned I could pay off what I want, when I want, but I doubt he actually knew either way.
 
I just bought my new lens with Jessops finance and you have to stick to their set installments, which is frustrating as I could probably have it paid quicker than 12 months. :razz: Like mentioned above I am going to open a new account then stick as much as I can in there. :)
 
You will be only able to pay different amounts if its a flexible loan. Some loans may also have a fee/fine if you settle early, but if its interest free then it doesnt make any difference. As said the other way I would do it is to have a interest free period on a credit card, but the ones Ive seen dont usually last as long as 12 months, so you have probably gone down the right route with it.
 
I think Tesco's still do a card with 12 months interest free credit.
At least they did last month (June) Have a look on their website.
C
 
If you're looking to pay off the balance before the 0% finished you have to pay off the total amount.

Why not ismply put the money into a seperate savings account and then when you've got the total balance you can then simply pay off. Don't forget the £29 early termination fee.

DB
 
Impspeed said:
If you're looking to pay off the balance before the 0% finished you have to pay off the total amount.

Why not ismply put the money into a seperate savings account and then when you've got the total balance you can then simply pay off. Don't forget the £29 early termination fee.

DB
Click to expand...

This is what I'll do, I'll actually be in a position to pay it off in full within a month or two, just needed to get in before the deadline for the free grip passed. I don't mind paying £29 to be honest, saves having the money coming out every month.
 
Whatever you decide, DO NOT FORGET TO PAY OFF THE ACCOUNT BY THE END DATE - you will end up paying ~29% interest on the original amount borrowed.
 
That's why retailers offer deals like this, same as that free 5 year warranty deal a few years back, pay £300 for a warranty, don't claim then when the 5 years is up submit your original paperwork between 1 and 1-15pm on a wednesday and you'll get your money back
 
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