Is it smart to buy gpu with 24 months installments with %0 APR?

[u/exivor01]

Title basically, i have been tracking second hand market for 2 months now, i just missed a 5070ti deal for $700. I was wondering if its smart to just buy a new one with a massive amount of installments because they give %0 APR?

It’s $1500 btw, a 5070ti

[u/Apophis_06]

if you can actually afford the card in the first place then 0% interest is basically free money

[u/ImStillExcited → u/Apophis_06]

And a free credit boost.

[u/NoDistribution5744]

personally i would never finance anything but a car or house.

[u/iHaveLotsofCats94 → u/NoDistribution5744]

There are a few others that make sense, like an appliance or home repairs. I was able to finance sliding glass doors and a window for 18 months at 0%. Much better than dropping the whole $14k all at once

[u/Kangaroshave3vagina → u/iHaveLotsofCats94]

Part of a house. If you cannot buy anything 4 digits out right, you shouldn’t buy it.

[u/RetiredRacer914 → u/NoDistribution5744]

At 0.0% I'll finance anything, but my money makes money, so they're paying me.

[u/Keyboard_rawrior → u/NoDistribution5744]

0% financing is literally free money though lol

[u/Sanc7 → u/Keyboard_rawrior]

As long as you can pay if off within the time allotted. They’re banking that you don’t.

Personally, I use it all the time. I also use credit cards for a lot of things and pay them off before my statement date. Most recently I was looking to upgrade my daughters pc and bought a 9070xt at microcenter with affirm 3 month 0% interest. (which is actually 4 months if you time it right) It gave me time to sell the 3080 without fronting the cash. Paid it off all at once. Ezpz.

[u/vexedboardgamenerd → u/NoDistribution5744]

What about a mail order bride?

[u/RetiredRacer914 → u/vexedboardgamenerd]

Flesh or silicone?

[u/wrxninja → u/NoDistribution5744]

I finance all my drugs through my dealer. 25% interest though.

[u/edvurdsd → u/NoDistribution5744]

Always take the 0% financing all else equal

[u/mynamestopher]

im guessing best buy card. its what ive done a few times.

[u/Dfeeds]

You need to make sure of the final terms. The main concern would be what happens if the gpu value goes up. $1500 for a 5070 ti seems high, though. I thought the 5080 was going for about that? Then there's the potential 5080 24gb in the future. 

Anyways, it's not a dumb move, IMO. The gpu may actually go up in value over the course of the term and the money you use will decrease in value so you'll theoretically come out ahead. Especially if you invest the difference you would've dropped upfront. 

[u/iHaveLotsofCats94]

I don't care how long the 0% term is, do not spend $1500 on a 5070Ti. Look at the total cost, not the monthly payment.

Also, do not get into the habit of financing wants like this. Large purchases like a home or a car, sure. They provide value in your life, and in the case of a home, will likely appreciate over time. Not to mention a sum of money like that will do more good in other accounts that may return more in interest than the cost to finance. Financing fun can trap you in a cycle of debt if you don't use it responsibly.

Sorry to get preachy. I just want people to be smart with their money

[u/jyrox]

0% financing is always a good deal as long as you’re good at managing your money. However, the pricing is the root of the question. No, you should not buy the card at double the MSRP unless you just absolutely need it. If it’s for gaming, you’d be better off with a Radeon GPU which are much closer to (but still above) MSRP.

[u/nvidiot]

0% APR is nice, but not worth it for a freaking $1500 for a 5070 Ti. Terrible deal, don't bother.

[u/stacksmasher]

No. Wait for the prices to drop. It’s coming.

[u/mattenthehat]

No.

[u/Weary_Birthday9472]

You gotta be careful with that BNPL stuff. It's very powerful and wealthy people use it quite a lot. But if you are not good at managing your money then stay far far away.

[u/Bynming]

If you can afford to buy it either way, sure, from a pure time value of money perspective it's better than spending the money now. But if the 0% financing is inciting you to purchase something you wouldn't otherwise be able to afford, no, that's a slippery slope.

[u/Praxician94]

This is a terrible financial decision. Instead of financing, save money each month and then pay cash. These places thrive on you not paying it off in time and then suddenly you’re hit with 25-30% interest from every single month all at once.

[u/FutureBadInfluencer]

I stopped upgrading and I now put the money into a share investment account. It’s taken a few years but I’ve made some good returns.

[u/atanamayansantrafor]

YOLO, do it!

[u/wattur]

No, as who knows what may happen in the future and make you miss a payment.

But also in theory yes because due to inflation, some rough numbers puts it at a ~1450 final price 2 years later, only if you invest some of the saved money in a method that at least keeps up with inflation.

But also comes down to terms & conditions & any applicable fees.