So it definitely seems like this is gonna be more like a backup option. They will recommend their card first for 12-24 months, depending on the time of year, no interest financing and then they will offer this. That way you have the choice of the sale price for up to 2 years no interest or the standard price for 3 years.
Seems like a fairly reasonable offering if you need a Mac and can't buy one due to cashflow reasons. I can see this being particularly useful for people who want to get into iOS development.
If Best Buy finances through Citizens Pay, which I saw on a couple of screens in the video, then there is nothing down, and only a flat monthly fee. I got my Xbox Series X that way.
I'm from PR. Best Buy doesn't give out the same benefits here as it does in the states. We can't even make online purchases. My phone was bought through the AT&T payment plan, but I had to pay the taxes upfront. I have the Best Buy card for the financing options, but they add the taxes to the total. If what they'll be doing here is like a lease, they'll most likely lease the purchase price without taxes, unless that's what the last payment will cover in the case you choose to keep it instead of upgrading. Another thing would be that, because it's "0% finance", the last payment would be the interests accrued if you decide to keep the lease. The offer could also be only if you get their card as they would need to ensure in some way that you'll be paying for it instead of just trusting you to get there monthly to make a payment.
We used to have a chain of retail stores in Sweden in the 90's where you could rent a TV, VCR, computer etc for 36 months. It wasn't very cheap, but if it broke, they would repair it for you for free. After 36 months, you had the option to return it, pay an additional fee to own it or to upgrade to a new model. They went bankrupt because people thought it was too expensive compared to just using the credit card and split the payment for 12, 24 or 36 months.
This sounds like a new method on creating collateralized debt obligation (CDO) products from '08 where instead on doing on real estate, you're doing it on electronics targeting NINJAs (no income, no jobs or assets). At some point, you have a significant percentage of people defaulting on those financing agreements, and you're left with depreciating electronic items and screwing the business up.
Given that the M chips are so efficient that they don't need active cooling for, seemingly, most things (I'm a programmer; my fans have never kicked on automatically one time and the temps have been normal), there's a lot less heat, so I don't think the chip will degrade as quickly as others (don't get me wrong; I also love AMD). Should be fine past 3 years, IMO, at least if you get a Pro model.
It’s a lease not really financing. The problem is people will forget what there supposed to do at 36 months. It’s good if it’s explained & the customer remembers.
I noticed that on one screen, it says Citizens Pay does the financing. I used that same payment plan when I got my Xbox Series X through Best Buy as well. 2 years with 0% interest to buy it.
Even with 0% interest, it benefits Best Buy. People who may not have bought a $1,000 laptop or delayed the purchase of one will more likely get it now. And Best Buy still makes the $1,000 sale but delayed over 36 months.
It becomes an issue when people don't pay. Now you have to spend money to collect. Probably have accounted for that in the increased total you're paying, but it's not as simple
Any clue about the 29.99% APR part? It seemed like one of the options was for that and like 30 dollars a month? Does that mean you won't get 0% in some cases? If so, maybe not a good idea for people with bad credit.
agreed. they are going with the "sunny day" route of 0% apr if the person has an immaculate credit rating, but lots of people dont... (myself included!)
Honestly, that's a great deal and if it was me I would go for the upgrade every 3 years. I know it won't be a huge jump in performance but for 20 a month it's nothing.
It's kinda of an amazing deal if you can get your financing under 26 a month. Your basically saving money on each laptop (assuming apples prices stay similar) since bestbuy will pay for the finally chunk of the cost
Nice episode but y'all should have read the Best Buy fine print a bit closer - that 0% financing is for folks who have really good credit (possibly the folks who would be better off just buying that MacBook on sale rather than financing at full price). Looks like Citizens Pay will charge up to 29.99% interest for folks with not very good credit (the folks who would see $20-$30 a month for 3 years as the only way they can afford a $1,000 laptop but realistically can't/shouldn't put another $1,300 hole in their credit report).
I think you guys are a bit confused on the zero interest thing. If what you end up paying is great than the original price, then it's not a zero interest thing unless you consider inflation is also part of the calculation. In that case, if the interest charged is less than 5-6%, maybe this is still can be called "zero" interest or even negative interest. Maybe, in a more technical word, you are actually selling a bond to the best buy, so that they can collect $20 a month from you. If you can get a value more than $20 out of the usage of the laptop, you are the WINNER.
The problem with that is the interest people with not the best credit might pay another $700. However they hide it in the contract so it don't look that bad for you.
im watch on 2020 base model m1 macbook air 512 gig . this is the second mac ive ever owned i had bought a fully loaded 2014 27 imac in 2018 then had to downsize in 2021 and bought the m1 mac i love for school and for gaming resident evil is awesome and sneaky sasquatch
Meanwhile my 2010 Mac Mini that I've upgraded the Ram and the HDD to an SSD is so slow I had to put a lightweight Linux distro on it just to make it not freeze up just watching UA-cam.
that death star shirt is perfct. best buy is doing this to get more recurring revenue on their balance sheet. they gotta really upgrade their accessories game imo
this would be a cool idea if BB expands the idea to more brands, like maybe an msi laptop and im not talk about BB credit card. But paying for a "gaming laptop" to the point where that laptop would be work x maount in 3 years is what you have to pay off or trade it in and Best buy then re sells the laptop on the used market would be cool to have. Kind of like the phone market. Even if they where making 1% on it at the end of it all its better then a credit card, and on top of all that it increases foot traffic to the store.
Have had similar things in Australia for years. One difference is that it is illegal to make you “finance” It at the RRP of it is on sale. It is financial discrimination basically.
Anyone else not finding the MacBook Pro on sale at Best Buy? Looked it up by the SKU in the video, and there’s nothing on Best Buy’s app or site about it being on sale
It’s not just 20 bucks a month unfortunately most people won’t qualify for the 0 percent interest, but still a cool idea, if you want a new laptop every 3 years
The real catch is you won't own it but will be very happy. Not owning probably means you give away more privacy to get that nice 20$ price. And still won't be able to repair it locally at reasonable price
I'm not from US, so this video is pointless to me, but to be honest, my first macOS device probably would have more than 8GB RAM. Even though this amount RAM might be alright for now, I'm pretty sure Apple will take care to make it a nightmare for you thanks to updates, as it does with with iPhones & iPads.
Yup! I'd much prefer to get a powerful Windows laptops such as a gaming laptop than a Mac product. No hate against Apple products btw since I own several of them.
This seems, in particular, like a GREAT option for college students. The typical degree takes you 2-4 years so the timing is pretty much perfect. I'd definitely take advantage of this... If they had just given us the M1 iMac colors on the MacBook Air!!! I'm tired of Space Grey or Moonrock or Grigio Nardo or whatever they're calling their 50 shades of silver these days, boring laptops are for boring people. Bring back fun, Apple! Take my money!
this is kind of a bad deal, at 19.99 a month for 36 months is $930 so you end up paying 1210 for a $1000 air without taxes calculated. If you go for the upgrade at the cheapest you'' pay 2400 for 2000 worth of laptop. I'll stick with the old adage of if you have to finance a computer it's the wrong computer.
$20 x 36 = $720. + $280 final payment = $1000. So it's bang on the RRP. But then at $200 more than what can be on sale at, $800, that's effectively an 8.3% APR if you paid interest on that sale pricing that equals up to the RRP. So.. it's them being clever with the marketing here tbf. But then yea, I'd not take up for 36 months paying anything monthly. Got my Mba on 5 monthly installments from Amazon without interest. Made the difference between me being able to or not, but beyond that.. just no chance.
So you are renting to buy with a final balloon payment, giving it back after 3 years and having no computer, despite having paid enough to own one outright with monthly payments, or you are rolled back into a new commitment on a newer system. I don't know, sounds like a way to hook people who can't afford it in the first place. That 0% APR is only going to be for people who are wealthy enough and have good enough credit to not need this deal anyway.
Just miss one payment and you'll get a high APR and stacked up fees. That's how citizens pay ( the company that is financing this micro loan ) is making money off you
How about they charge less for their laptops so that people aren't put into a 3-year contract for a computer. Good deals don't exist when people are talking about Apple products.
@@apparentlynot1stLeonchubbs You at least have direct support of the LTT Store and get treated like Americans, when it comes to media content. We in Germany have to pay horrendous shipping and customs duties when we want to buy at LTT Store and when it comes to media quite often get treated like non existent. The new Star Trek: Strange New Worlds started in May and we still can not watch it in a legal way. And that is only one example of thousands if not more...
“It’s reasonable you can get 3 years of use out of a MacBook” mate I just retired my 2011 MacBook, you can talk about how trash Apple can be, but holy hell if they make some sturdy stuff with long update life.
20bdoler?Umpossible
Underrated comment
i tried so hard to get him to stop talking about butth0les before we started speeding. to absolutely no avail.
This was NOT a comment I was expecting to read on UA-cam today...O_o
So it definitely seems like this is gonna be more like a backup option. They will recommend their card first for 12-24 months, depending on the time of year, no interest financing and then they will offer this. That way you have the choice of the sale price for up to 2 years no interest or the standard price for 3 years.
Seems like a fairly reasonable offering if you need a Mac and can't buy one due to cashflow reasons. I can see this being particularly useful for people who want to get into iOS development.
They'll most likely ask for taxes upfront, same thing they do with cellphones.
If Best Buy finances through Citizens Pay, which I saw on a couple of screens in the video, then there is nothing down, and only a flat monthly fee. I got my Xbox Series X that way.
@@Terryhunt385 Same here. Its the reason i could even get the new Xbox.
I got my phone 0 down at t-mobile
I'm from PR. Best Buy doesn't give out the same benefits here as it does in the states. We can't even make online purchases. My phone was bought through the AT&T payment plan, but I had to pay the taxes upfront. I have the Best Buy card for the financing options, but they add the taxes to the total. If what they'll be doing here is like a lease, they'll most likely lease the purchase price without taxes, unless that's what the last payment will cover in the case you choose to keep it instead of upgrading. Another thing would be that, because it's "0% finance", the last payment would be the interests accrued if you decide to keep the lease. The offer could also be only if you get their card as they would need to ensure in some way that you'll be paying for it instead of just trusting you to get there monthly to make a payment.
I live in Delaware we have no sales tax.
We used to have a chain of retail stores in Sweden in the 90's where you could rent a TV, VCR, computer etc for 36 months. It wasn't very cheap, but if it broke, they would repair it for you for free. After 36 months, you had the option to return it, pay an additional fee to own it or to upgrade to a new model. They went bankrupt because people thought it was too expensive compared to just using the credit card and split the payment for 12, 24 or 36 months.
we still have those in the us and they are still a giant scam
This sounds like a new method on creating collateralized debt obligation (CDO) products from '08 where instead on doing on real estate, you're doing it on electronics targeting NINJAs (no income, no jobs or assets). At some point, you have a significant percentage of people defaulting on those financing agreements, and you're left with depreciating electronic items and screwing the business up.
I think this is a great idea and a good way to make macbooks affordable for the general poorer public....i might pick one up as a result
I'd personally read the terms and conditions on this one. There is no way this process is as easy and cheap and we think.
@@jacobperez8921 Poor people tend to have bad credit. They do check the persons credit for eligibility.
Given that the M chips are so efficient that they don't need active cooling for, seemingly, most things (I'm a programmer; my fans have never kicked on automatically one time and the temps have been normal), there's a lot less heat, so I don't think the chip will degrade as quickly as others (don't get me wrong; I also love AMD). Should be fine past 3 years, IMO, at least if you get a Pro model.
We use this type of financing in car sales. Its called PCP [ Personal Contact Purchase ] very popular.
It’s a lease not really financing. The problem is people will forget what there supposed to do at 36 months. It’s good if it’s explained & the customer remembers.
200 extra dollars over 3 years for a $800 finance is about 8.33% apr, which is a lot more than most people pay for car financing interest …
I noticed that on one screen, it says Citizens Pay does the financing. I used that same payment plan when I got my Xbox Series X through Best Buy as well. 2 years with 0% interest to buy it.
Even with 0% interest, it benefits Best Buy.
People who may not have bought a $1,000 laptop or delayed the purchase of one will more likely get it now. And Best Buy still makes the $1,000 sale but delayed over 36 months.
It becomes an issue when people don't pay. Now you have to spend money to collect. Probably have accounted for that in the increased total you're paying, but it's not as simple
Any clue about the 29.99% APR part? It seemed like one of the options was for that and like 30 dollars a month? Does that mean you won't get 0% in some cases? If so, maybe not a good idea for people with bad credit.
agreed. they are going with the "sunny day" route of 0% apr if the person has an immaculate credit rating, but lots of people dont... (myself included!)
And that's exactly who is going to run in and buy them 😔 and get screwed
Honestly, that's a great deal and if it was me I would go for the upgrade every 3 years. I know it won't be a huge jump in performance but for 20 a month it's nothing.
It's kinda of an amazing deal if you can get your financing under 26 a month. Your basically saving money on each laptop (assuming apples prices stay similar) since bestbuy will pay for the finally chunk of the cost
Nice episode but y'all should have read the Best Buy fine print a bit closer - that 0% financing is for folks who have really good credit (possibly the folks who would be better off just buying that MacBook on sale rather than financing at full price). Looks like Citizens Pay will charge up to 29.99% interest for folks with not very good credit (the folks who would see $20-$30 a month for 3 years as the only way they can afford a $1,000 laptop but realistically can't/shouldn't put another $1,300 hole in their credit report).
Sounds like the PCP contract we have in UK for cars. Not sure if anyone else in world uses similar thing
best buy makes money the moment you go into the store and look at stuff
Not a fan of finance culture. Locks up cash flow and these stack up fairly quickly
I think you guys are a bit confused on the zero interest thing. If what you end up paying is great than the original price, then it's not a zero interest thing unless you consider inflation is also part of the calculation. In that case, if the interest charged is less than 5-6%, maybe this is still can be called "zero" interest or even negative interest. Maybe, in a more technical word, you are actually selling a bond to the best buy, so that they can collect $20 a month from you. If you can get a value more than $20 out of the usage of the laptop, you are the WINNER.
So it’s good or bad to do this ?
Companies love subscriptions, is much more easier to plan your business when you have people paying monthly instead of the sporadic burst of sales.
It is also more expensive for the consumer & there’s always a catch
11:10 "All right Saul Goodman"
👏
Oh, you KNOW I made it the opening of this video 😉
The problem with that is the interest people with not the best credit might pay another $700. However they hide it in the contract so it don't look that bad for you.
They’re just doing it with the macs on sale 😂
Lmao Austin’s Orange t-shirt AND. Aaron’s opening remark regarding butt-hole!
Sounds like they're taking the cell phone strategy
Congrats on 400K subscribers!
I'm watching this on my 2011 MacBook Air. Still works well.
im watch on 2020 base model m1 macbook air 512 gig . this is the second mac ive ever owned i had bought a fully loaded 2014 27 imac in 2018 then had to downsize in 2021 and bought the m1 mac i love for school and for gaming resident evil is awesome and sneaky sasquatch
@@mcpickaxe3937 did u buy the game
Meanwhile my 2010 Mac Mini that I've upgraded the Ram and the HDD to an SSD is so slow I had to put a lightweight Linux distro on it just to make it not freeze up just watching UA-cam.
Need to do a video of what is the oldest Mac you can upgrade
You can assume it like 20$ monthly rent, and 280$ you spend on 37th month will be returned and will also reduce your rent paid. Neat deal!
Wow, that is an actual really good payment method to be able to get a newer MacBook that is a new one...
God no, This is how people get in REAL trouble with their credit. Trust me. I am speaking from experience.
that death star shirt is perfct. best buy is doing this to get more recurring revenue on their balance sheet. they gotta really upgrade their accessories game imo
Damn, Matt's gotta make sure his co-host reads the script more thoroughly before the show.
I had a laptop from 10 years. total beast even today
Love your vids guys! Greetz from Vienna/Austria
Aaron is the real MVP of this video
Thanks bro!
There are several 2019 macbooks on ebay for under 280 right now.
this would be a cool idea if BB expands the idea to more brands, like maybe an msi laptop and im not talk about BB credit card. But paying for a "gaming laptop" to the point where that laptop would be work x maount in 3 years is what you have to pay off or trade it in and Best buy then re sells the laptop on the used market would be cool to have. Kind of like the phone market. Even if they where making 1% on it at the end of it all its better then a credit card, and on top of all that it increases foot traffic to the store.
Have had similar things in Australia for years. One difference is that it is illegal to make you “finance” It at the RRP of it is on sale. It is financial discrimination basically.
thank you Jay Zeus, now I will finally have a modern laptop
Please elaborate on what tech currently has a surplus.
So it's a lease
It's not actually zero percent interest. If you look at the citizens terms it says 29.99% financing.
Hmm best buy left the UK market several years ago.
You can finance the 14” pro with the bestbuy card or progressive leasing but the latter has the worst interest rate
Some notes an ex aapl friend: apple can price match up to 10%. Best Buy cc has 0% interest financing which also includes the sale price.
I wonder if there's a waranty, that would be nice
Anyone else not finding the MacBook Pro on sale at Best Buy? Looked it up by the SKU in the video, and there’s nothing on Best Buy’s app or site about it being on sale
Just checked but it’s no longer on sale
If my local bestbuy gives me a Macbook for $20 im signing up
This is a pretty good deal, it’s basically the iPhone upgrade program for a MacBook 💻 😅
thier is special vibe in his videoes
It’s not just 20 bucks a month unfortunately most people won’t qualify for the 0 percent interest, but still a cool idea, if you want a new laptop every 3 years
The real catch is you won't own it but will be very happy. Not owning probably means you give away more privacy to get that nice 20$ price. And still won't be able to repair it locally at reasonable price
All these consumer credits are a debt trap for people who want own more than they can afford.
I'm not from US, so this video is pointless to me, but to be honest, my first macOS device probably would have more than 8GB RAM. Even though this amount RAM might be alright for now, I'm pretty sure Apple will take care to make it a nightmare for you thanks to updates, as it does with with iPhones & iPads.
I am waiting for the bestbuy to do the same thing on PS5 consoles
20 dollars for 36 months is 720 dollars. Add 280 it becomes original price of 1000 dollars.
400k subscribers!
400k subs nice
At the end if the term, sell the mac book, make $200 and use it on your next purchase.
3 year finance is ridiculous you're almost taking out a loan for a car but on a mac like wtf
wasnt this uploaded the other day ??
You didn’t have this in the US before? Those kind of programs have existed in Mexico for a while, I guess we don’t have as much money hehe
This is all well and good... but its an apple product. if they had this on a Windows machine, sure, no brainer.
Yup! I'd much prefer to get a powerful Windows laptops such as a gaming laptop than a Mac product. No hate against Apple products btw since I own several of them.
Yessir
This seems, in particular, like a GREAT option for college students. The typical degree takes you 2-4 years so the timing is pretty much perfect.
I'd definitely take advantage of this... If they had just given us the M1 iMac colors on the MacBook Air!!!
I'm tired of Space Grey or Moonrock or Grigio Nardo or whatever they're calling their 50 shades of silver these days, boring laptops are for boring people. Bring back fun, Apple! Take my money!
I still use a early 2013 MacBook pro
Here is your cookie 🍪
@@agenericaccount3935 it’s pretty epic actually for a nearly 10 year old machine it works great still
I hate the subscription model the world is moving towards.
Just remember if you pay the first month and never pay for it again you just got a $20 MacBook 😉
That’s one way to tank peoples credit 😂
Also my MacBook Pro is my only home computer so this deal seems really not for me hmm
Awesome 🤩 😎 👏🏾 video
Best Buy leasing laptops now.
I’m renting a 16” thru Grover
Couldn’t get approved thru Bestbuy
That IS how much a MacBook is worth
Rent a bunch of laptops, mine on it, would they pay themselves per month ?
19.99/m for 10 years 💀
Save even more, buy a used system with modest warranty. Then format off "windows" and put on a real operating system.
this is kind of a bad deal, at 19.99 a month for 36 months is $930 so you end up paying 1210 for a $1000 air without taxes calculated. If you go for the upgrade at the cheapest you'' pay 2400 for 2000 worth of laptop. I'll stick with the old adage of if you have to finance a computer it's the wrong computer.
$20 x 36 = $720. + $280 final payment = $1000. So it's bang on the RRP. But then at $200 more than what can be on sale at, $800, that's effectively an 8.3% APR if you paid interest on that sale pricing that equals up to the RRP.
So.. it's them being clever with the marketing here tbf.
But then yea, I'd not take up for 36 months paying anything monthly. Got my Mba on 5 monthly installments from Amazon without interest. Made the difference between me being able to or not, but beyond that.. just no chance.
This Is Only Fans.... I mean, has a ring to it. 😂
M1 pro is back up to 1999.99
So you are renting to buy with a final balloon payment, giving it back after 3 years and having no computer, despite having paid enough to own one outright with monthly payments, or you are rolled back into a new commitment on a newer system. I don't know, sounds like a way to hook people who can't afford it in the first place. That 0% APR is only going to be for people who are wealthy enough and have good enough credit to not need this deal anyway.
Just miss one payment and you'll get a high APR and stacked up fees. That's how citizens pay ( the company that is financing this micro loan ) is making money off you
y do they do dis?
Is not 0% finance is base on credit. If you have a bad credit then is 29% finance
How about they charge less for their laptops so that people aren't put into a 3-year contract for a computer. Good deals don't exist when people are talking about Apple products.
Just buy it outright. Gen Z will never own anything because of this conditioning. They will rent everything, it's really sad.
I love how every time I sort by newest and scroll to the bottom to see who was first, it's never a comment that says first, almost like UA-cam knows
Unfortunately this isn't an opportunity for people living in Germany...
@@apparentlynot1stLeonchubbs You at least have direct support of the LTT Store and get treated like Americans, when it comes to media content. We in Germany have to pay horrendous shipping and customs duties when we want to buy at LTT Store and when it comes to media quite often get treated like non existent. The new Star Trek: Strange New Worlds started in May and we still can not watch it in a legal way. And that is only one example of thousands if not more...
@@apparentlynot1stLeonchubbs We will get Paramount+ somewhere next month. I can watch it then. Over half a year later then you over there.
Good deal.
If u are in vacations in usa u can pay only 19 dollar!
“It’s reasonable you can get 3 years of use out of a MacBook” mate I just retired my 2011 MacBook, you can talk about how trash Apple can be, but holy hell if they make some sturdy stuff with long update life.
BUUUT It's through citizens which requires a really good credit score.. It's the same program as the Xbox program
$20 dorra whattt
Dose Apple make Computers? Is,'t Mackintosh made by Apple?
Why do you have an un-opened drink in front of you all the time?
So basically u are renting the laptop
Okay but MacBooks can last longer than three years right…?
so macs are old as shit and we still pay over a thousand!?
dont do it!
apple is a scam!