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arch13 · 03-04-2004, 06:21 PM

I have a quick question for my fellow tfp'ers tonight and i'm hoping i can get an answer by morning, or even by later tonight.

I have a verifiable need to by an lcd to replace my aging crt monitor, as my job requires long hours at a computer as an architect and the crt intensity has begun to effect my eye's.
I've been offered the chance from a well know brand to get a refurbed lcd for a nice % off in response to a small job i did for them (of course i still was paid to). I can pick up this lcd for $412 now instead of $600.00, but i have until 5pm to decide tommorow (3/5)

I'm carrying a balance of 2480 at 15.99% on my credit card.
I can finance this purchase from the company for 27.99%
If i use the CC, I'll continue to send $125.00 a month to my CC as i currently do.
If i use the financing I'll send 75.00 to the CC and $50.00 to the company until the LCD is paid off, the resume $125.00 CC payments a month

Which option do i choose. My first response is the Credit Card for the lower rate, but given to the large balance forward, I'm having difficulty determinig which is the most cost effective (read:most money NOT spent on interest)

Thanks for any help.

*edit*
I'm going to say that i'm a 5th year in college who will be starting "realworld" work in 12 months. At current i have 200.00 a month from family and 100-200 more from odd jobs.
I have a fellowship that covers my costs of living so my only expenses are that CC bill and anything i choose to buy. That said, advising that i shouldn't buy this is also a perfectly valid option.
However, i'm fluctuating between "I shouldn't buy this" and "This is one of the last times I'll have this few expenses to shoulder, and it will be a long time before i can afford to get new hardware again."

03-04-2004, 06:21 PM	#1 (permalink)
arch13 Loves my girl in thongs Location: North of Mexico, South of Canada	Finance options... I have a quick question for my fellow tfp'ers tonight and i'm hoping i can get an answer by morning, or even by later tonight. I have a verifiable need to by an lcd to replace my aging crt monitor, as my job requires long hours at a computer as an architect and the crt intensity has begun to effect my eye's. I've been offered the chance from a well know brand to get a refurbed lcd for a nice % off in response to a small job i did for them (of course i still was paid to). I can pick up this lcd for $412 now instead of $600.00, but i have until 5pm to decide tommorow (3/5) I'm carrying a balance of 2480 at 15.99% on my credit card. I can finance this purchase from the company for 27.99% If i use the CC, I'll continue to send $125.00 a month to my CC as i currently do. If i use the financing I'll send 75.00 to the CC and $50.00 to the company until the LCD is paid off, the resume $125.00 CC payments a month Which option do i choose. My first response is the Credit Card for the lower rate, but given to the large balance forward, I'm having difficulty determinig which is the most cost effective (read:most money NOT spent on interest) Thanks for any help. edit I'm going to say that i'm a 5th year in college who will be starting "realworld" work in 12 months. At current i have 200.00 a month from family and 100-200 more from odd jobs. I have a fellowship that covers my costs of living so my only expenses are that CC bill and anything i choose to buy. That said, advising that i shouldn't buy this is also a perfectly valid option. However, i'm fluctuating between "I shouldn't buy this" and "This is one of the last times I'll have this few expenses to shoulder, and it will be a long time before i can afford to get new hardware again." __________________ Seen on an employer evaluation: "The wheel is turning but the hamsters dead" ____________________________ Is arch13 really a porn diety ? find out after the film at 11. -Nanofever Last edited by arch13; 03-04-2004 at 06:44 PM..