[comp.sys.mac.misc] Wisdom wanted: AppleCredit

ddl683@sarah.albany.edu (Cinderella Man) (05/13/91)

	I'm fed up with my old Mac and I want a new one!  "Go for it!"
I can hear you say.  Unfortunately, unless I want to be running my
new Mac under a tree with a long extension cord, I can't afford to
enrich my local dealer by $3,000+.

	So I have a question for those of you who can answer:  What is
the scoop on AppleCredit?  What kind of time period and interest rates
are involved?  What kind of credit is necessary already?  Are there
any special deals for students?  (This school is not in the AUC, nor
does it have any direct dealings with Apple, much as I wish it did.)

	In short, would I be better off scrimping for a year or two
and buying a Mac Xfyi then, or is the payment plan a good compromise?

	Unless, of course, there's someone out there who'd like to
sell their used IIci for $275 a month over a year's time... :-}

Your comments are much appreciated...

						Derek L.
-- 
+ + "When nothing else remains, one must scream.  Silence is the ultimate  + +
+        crime against humanity." -- Nadezhda Mandelstam		     +
+ _________________________ [Affix disclaimer here] ________________________ +
+ +  +   +  Each one's life a novel  no one else has read -- Peart  +   +  + +

cs421317@umbc5.umbc.edu (cs421317) (05/13/91)

Not a particularly good idea because (last time I looked)
the card carried a 21% APR. However, I used it to buy
my hard drive, printer and ThunderScanner two years ago
when the credit rate was a (lowly) 18% and I enriched their
coffers by a pretty penny before I paid it off. Credit is
extended under Apple's name by GECC (General Electric) and
is serviced by an Atlanta, GA address. The card is nice
and pretty, tho'. Make sure that you check that the places
where you'd want to use it accept it.

I wanted to use it at U of Maryland College Park and UMBC
and they don't accept it. Had to pay more at ComputerLand,
to boot. Good luck. Hope this helps.