So since we just had several weeks arguing Netflix TOS you are okay with stealing from Apple? If you don’t go to school or work for a school you are stealing from Apple.
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Apple No Longer Offers Interest-Free Financing in Canada
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So since we just had several weeks arguing Netflix TOS you are okay with stealing from Apple? If you don’t go to school or work for a school you are stealing from Apple.
The one counterpoint - interest free financing is worth it if you invest over time - but I agree with the overarching sentiment.
in 72 months you make more money in investing than the initial $5000 you've missed. So you did the right thing 
And the cashback on CC is very smart also. Nice work
And the cashback on CC is very smart also. Nice work
Home school teachers are eligible.
I'm a home school teacher educating kids in the 'hood on how to browse MacRumors. Or I'm an Amish home school teacher educating fellow members.
There's a reason why Apple doesn't check because it's not possible.
If Apple would guarantee a 50% trade in value including AppleCare without a finance plan I would be on it.
Dude, if you are homeschool teacher than you are a teacher so you qualify. Those of us that have other jobs don't because we are not homeschool teachers. Just because you think anyone can 'abuse' this doesn't mean its right!
I bought a 2021 refurb macbook pro 14" for my daughter (who is onto bigger things with her first new job) on financing. And while, you're generally right, I do think if you really need the machine to effectively function in your job & life (and this does apply to her) you should finance if you can't exactly come up with the funds at the time.
You just became a home school teacher by educating everyone here about Apple's sales terms and conditions. 😄
It's not always 100% the guy who pays up front. It depends on the situation. For instance, if you're starting up a business and free cash flow is limited at the moment, 0% financing may be the smarter option so you don't have your funds tied up.
If you keep the money in a high yield (5%+) savings account, that $600 in savings ends up being just $100 or so. Having liquidity may be better than saving $100-$200.
As for cash back credit cards, you get 3% cash back with Apple Card on top of the 0% APR
Now when you shop at Apple using Apple Card, you can pay monthly at 0% APR for your new iPhone, iPad, Mac, Apple Watch, and eligible accessories when you choose to check out with Apple Card Monthly Installments. And you’ll get 3% Daily Cash back — all up front.
Is there another card that will give you 3% back too?
Good, I’m pro stealing from Apple, they’re hoarding wealth.
Because the popularity of and desensitization toward financing everything is artificially driving up prices for the rest of us.
I wouldn’t finance electronics but if a zero percent option is available like Apple Monthly Installments or Amazon Rewards Card’s 0% financing for purchases over a certain dollar amount I’ll often take advantage of it strictly for cash flow reasons. Especially if you can take some of the extra money you would have spent up front and put it in a high yield savings or checking account. You might only be talking about making a small sum of money but every little bit counts.
You seem to have missed that this post is about Canada, where the Apple Card is NOT available.
But... but... it's not the same thing. For one, Apple's market cap is greater than Netflix's. Apple also has high margins. Therefore, Apple can absorb the loss easier. It's like an accounting error for Apple which makes it a-ok in JPack's eyes. Right? Right? 🤣
You seem to have missed the post I was replying to.
No Apple Card in Canada, so the edu route + cash back card wins, let's say, 95% of the time?
Maybe Apple changed it recently but I did Apple’s 12 month 0% financing on my education store purchase last year.
Edit: I just checked and you can still stack the education discount, the back to school promotion, and 0% financing.
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Modern day electronics are tools that we use every single day. You can’t expect people not to buy a smartphone just because they can’t afford it up front.
We all know that’s not the question to ask. The real question is, how many people who choose to finance actually invest that money instead? Or from Apple’s perspective, how many fewer people purchase when up-front payment is the only option?
There are less expensive smartphones. Not everybody needs an iPhone 14 Pro Max. Get an SE instead.
The rampant abuse of low/no interest financing for frivolous purchases just gives Apple motivation to raise the price next time around.
If people who couldn’t afford the 14 Pro Max couldn’t finance one for free, the price would come down in order to enable Apple to sell more, still at a reasonable profit.
If it's truly interest free technically every single person should take the interest free payment option and invest the money even in a basic savings acct while paying for the device. Math doesn't lie.
It's just a matter of time for the US.
one of the 2 things will happen.
The interest will be in the MSRP.
So you'll pay in full and pay the already included interest which is "hidden" in the price of the product.
or you'll do monthly payments and pay twice as much interest. (the already included hidden interest and the interest on financing)
and then they'll give you 3% back if you use your apple card. yeah...
Either way, Apple wins.
one of the 2 things will happen.
The interest will be in the MSRP.
So you'll pay in full and pay the already included interest which is "hidden" in the price of the product.
or you'll do monthly payments and pay twice as much interest. (the already included hidden interest and the interest on financing)
and then they'll give you 3% back if you use your apple card. yeah...
Either way, Apple wins.