Taking a 25k loan for a pc.

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saffakanera

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Do you guys think it makes sense? Buying a 25k pc every five years, paying off like R450 per month, then after five years buy a new one again?

*Spending on case only*
 
Yeah, but why take a loan for that? Rather get a midrange PC if you can afford the high-end ones. Or save up untill you have enough cash for a lekka PC.

But it also depends what you want to do on the PC, if you REALLY need a 25k one then I guess its fine
 
Financially it is not a good thing to do.

Because a PC loses its value and should you need to repay the loan quickly, you won't be able to sell the PC off and recover your losses.
 
No ur right slaai, I was building this moerse i7 pc on sybaritecs site this morning, worth about 25k, just thought meh, probably going to enjoy the 2 tb hdd space the most and regret having all that power lol...

5 years is long as well, in 2 years it will probably be a useless pc which cost me a fortune... nah.. :)
 
is this for gaming/personal use or for business?

Beware of debt man! South Africans love getting into debt.

Only buy what you can actually afford. Just because someone will give you a loan for that amount does not automatically mean you can actually afford it.
 
saffakanera said:
Do you guys think it makes sense? Buying a 25k pc every five years, paying off like R450 per month, then after five years buy a new one again?

*Spending on case only*
Click to expand...

What if something breaks?

Warranties are usually only for 2 years.

I might be biased because I don't like borrowing money, so I would say, rather do it the other way around. Save R450/month in an interest bearing account and buy a new pc every x years.
 
Unless your work requires a design work horse for a pc, 25k is overkill.

If u looking for cheap items for a gaming pc head over to prophecy forums.

I just bought i7 920,Asus OC Palm,3x2gb XMS3 ddr3 ram for R5800.

Price there are well below market value and the guys/girls are very trustworthy and friendly.

So id suggest either buy a mid-range pc for now and start saving.
 
hah, yea, im already paying like R1200 per month on game loans, I should probably take it easy now.. yea, dont know where my head was at..
 
getting involved with debt when you really dont need to is always a bad idea, save up and then buy the pc. buy it in sections if you really need to get something soon, so like buy the hdd now and then 5 months time buy the uber 32" wide screen monitor etc.
 
Truth be told I should just learn to save money, and actually USE my savings account! Eish..
 
If you're the kind of person that likes a R25k PC there is no way you will be satisfied with it for 5 years.
 
The only expensive thing you should ever buy on credit is a house or car. Really put that idea out of your head. That kind of thinking will never get you rich man. Anyways paying over 5 years with interest would make the real price of that PC closer to R35k.
 
PCs depreciate fast. and MUCH faster towards the end of the warranty.

If you can pay that back within 2 years MAX (1 year pref) then I would say fine. But 5y that things gonna be worth less than 60% after 3 maybe less. Also you will have to insure it if you take out asset finance, or if you have half a brain otherwise if it walks out your house you're paying something u dont own.
 
bullfrog said:
What if something breaks?

Warranties are usually only for 2 years.

I might be biased because I don't like borrowing money, so I would say, rather do it the other way around. Save R450/month in an interest bearing account and buy a new pc every x years.
Click to expand...

+1. Rather save for it than borrow for it. Put aside 500 bucks every month and in 24 months you got R12000 for a new pc/upgrade.
 
saffakanera said:
Do you guys think it makes sense? Buying a 25k pc every five years, paying off like R450 per month, then after five years buy a new one again?
Click to expand...


No. You would be an idiot if you loaned money to buy a PC.
 
don't buy a 25k PC.

who cares if your games are running at 150 fps and not 67 fps?
 
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