If you buy a lowend laptop it might only cost you a few hundred dollars if that. In this case you usually won’t have to worry about laptop financing. But if you buy a highend laptop you could be looking at spending upwards of $3000—or more! In this instance you might have to figure out how to finance a laptop.
Fortunately there are a handful of ways in which you can take advantage of easy laptop financing. It’ll give you a chance to get your hands on the money you’ll need to purchase the laptop you want.
But it’s going to be your job to track down the best way to finance a laptop. It’ll make laptop financing easier and put you in a position to pay off your laptop sooner rather than later.
Here are several of the best options that you’ll have when it comes to laptop financing.
Borrow Money From a Family Member or a Friend to Buy a Laptop
Pay for a Laptop With an Existing Credit Card
You should have some kind of plan in place for paying off your laptop.
But this is another decent option for those who want to buy a laptop that is just a little too expensive for them to pay for in cash.
Take Out a Personal Loan to Pay for a Laptop
In recent years surveys have shown that about a quarter of all American adults have personal loans that they’ve taken out. They use these loans to pay for all kinds of things including things like laptops.
The great thing about using a personal loan to pay for a laptop versus a credit card is that you’ll typically get a much better interest rate on it.
This will help you to pay down the balance of a personal loan way quicker than you would be able to pay down the balance on a credit card.
It’s worth exploring this option before moving forward with using a credit card to pay for a laptop. It could be a much better laptop financing option in the end.
Purchase a Laptop by Financing It Through an Electronics Store
Most of the brickandmortar and online electronics stores that sell laptops these days realize that not everyone can afford to pay for them outright.
It’s why so many of them have started to offer laptop financing to their customers.
If you’re in the market for a new laptop you should see what kinds of laptop financing programs different stores have set up.
Most of these stores will work closely with networks of lenders that can extend attractive loan offers to you.
You don’t necessarily have to take out a loan through a store if you aren’t happy with the interest rates on the loans available to you.
You might be able to get a better interest rate on a personal loan elsewhere.
But it would be worth at least asking what kinds of loans that different stores can give to you.
Just don’t be afraid to do your homework on the best places to finance a laptop.
Finance a Laptop Directly Through a Computer Manufacturer
Electronics stores aren’t the only operations that are beginning to extend laptop financing opportunities to consumers. Many computer manufacturers themselves have also started to get in on the action.
Apple is a good example of this. They’ve realized that not everyone is going to be able to afford to pay for Apple laptops outright. So they’ve begun offering Apple laptop financing to those who need it.
You will have to qualify for laptop financing through a manufacturer like Apple. But as long as you can do that you can buy products through them without giving them much money upfront.
It’ll give you a chance to borrow more money in the future so that you can purchase more than just a laptop on credit.
Make Payments on a Laptop to a Company That Provides Online Financial Services
Some computer manufacturers like Apple have started up their own financing branches to make laptop financing a breeze for customers.
But others have looked elsewhere for help with providing laptop financing to people.
Lenovo is a great example of this. When you buy an Intel Evo laptop you can finance it if you would like.
But when you do you’ll finance it through an online financial service called Klarna as opposed to Lenovo.
Klarna is a service that gives people the chance to finance a laptop and then pay for it in easy installments.
You will usually be able to choose the number of installment payments that you would like to make on a Lenovo laptop over time.
Plus it’ll be very clear how long it’s going to take you to repay the money that you borrowed to buy a Lenovo laptop. That will make this one of the best laptop financing options around.
Save Up for a Laptop and Pay for It With Cash
This is going to take you longer than you might like to secure a new laptop. But it’s also going to result in you paying a lot less for a laptop at the end of the day.
Not everyone has the patience to go in this direction when they’re in the market for a laptop. But you should at least give it some serious thought before writing it off as an option.
Which of These Laptop Financing Options Would Work Best for You?
Most people don’t have a few extra thousand dollars lying around that they can spend on a laptop. They have to use some form of laptop financing to purchase one.
If you’re someone who needs to finance a laptop you should consider each of the options listed here.
It’ll help you find the best way to finance a laptop and make it so much easier for you to pay off your new laptop over time.
Find them by reading through some of our other financerelated blog articles.