@HydraHam said:
@Duxa said:
Why would I pay $450 for something that can be bought for $250 from the same store? If you are really in the position where you can not afford to plop down $250 and have to finance that small sum of money over 2 years... then you should not be investing in a video game console in the first place... play all the F2P games on the PC. Or even better... find a better paying job.
Same reason people go to those rent 2 own stores where they end up paying $15000 for a $999 tv in the long run. It's the same reason people use services like HSN and QVC or the billion other buy now for X and pay X monthly services, because people are fucking impatient.
From a logical standpoint i can see why people would do a QVC/HSN buy on lets say a $2000 TV for 5 payments of i don't know $450 w/ small interest from the place where you only end up paying a few hundred more then what you would of paid upfront because throwing a couple of grand at something gets fucking expensive but something like this is just ridiculous but it must make business sense or they wouldn't of done this, it must of done pretty well at those "focus" stores or they wouldn't be rolling it out at all these other stores which brings me back to people are fucking impatient, and stupid.
TL;DR, similar models for more expensive things makes sense, this doesn't. People are stupid and impatient.
I totally get the model, but not at nearly double the price.. i dont see how anyone in their right mind take advantage (or disadvantage) of this deal. I mean thats 45% interest.... you are better off putting it on your credit card, most of which are around 20%... even 2 years out ull pay less to the bank.
Lets not confuse this with the phone company model either... there you are paying for a service... phone service/data etc... wether you buy that iPhone for $200 or not, you will not pay more or less for your service... but as a customer, comitting to the service for 2 years, you get a great deal on the phone $200 instead of $600. That $400 is not subsitized over 2 years, because you dont pay anymore for getting that phone....
Lets say you have a plan for $30 a month. Over 2 years thats $720 over 2 years. For the service. You arent paying anything off... as a thanks they give you a deal on the iPhone.
WIth Xbox though, the Xbox is $250, and they penalize you for committing to 2 years. Especially considering that around Thanksgiving you can usually pick up an xbox for $99 (with $199 down and get 100$ gift card) deals... thats how I picked up my last 2 Xboxes.
The only way this deal would make sense if they went like this.... Xbox $250+ 2 years of XBL (2*60) = $370.... they give you a deal... for comitting for 2 years... and selling you that for $350. So 350-99 = 251/24 = ~$10 a month.
What happens when someone cant make a payment anyways? Does MS go after you?
I have used services like QVC multiple times, i ended up getting a 55" w/ 5 months of payment and in the end i ended up paying about $200 more then i would at a best buy, places like that make perfect sense for big $ purchases but this is just goddamn outrageous but then again look at places like Rent-A-Center where it ends up costing you 2 grand to own a current console if you were to rent to own, we live in a world full of stupid people and if you can make money off stupid people then go for it i guess. Personally as someone who runs a business (similar to geek squad but on a much smaller scale) i make it a point to be fair in price because i don't like to do business like but sadly most of these companies are only there to take your money and as much as possible.
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