SONY PS4 - pay in 6 instalments with 0% interest - £349 @ SONY STORE
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SONY PS4 - pay in 6 instalments with 0% interest - £349 @ SONY STORE

201
Found 25th Apr 2014
I just found out that you can now buy a PS4 from Sony Store online for £349 pounds using 0% ARP financing, by spreading the cost of buying your PS4 with interest-free financing. The breakdown of your costs will be as follows:
Initial Payment: £17.45
1st Month: £55.26
2nd Month: £55.26
3rd Month: £55.26
4th Month: £55.26
5th Month: £55.26
6th Month: £55.26

Total Price: £349

You can choose to make the full payment all at once as well, if you want to, but I believe Tesco currently have a better deal at £314 at the moment if you prefer to pay in full. For those of us who want to spread the cost of the PS4 over 6 months with no added costs, I believe my deal would be better suited.

201 Comments

Original Poster

Also has Free Delivery as well as "a full refund if you’re not 100% satisfied with your product. Just send it back to us within 30 days to receive your refund" - Sony Store website

Good deal, voted Hot. If I had a good credit rating I'd be all over this!

Great spot.

Tesco deal doesn't work

Technically it's costing £35 extra over six months on a £314 loan.

In real terms that's 37.3% APR!!!

Buy the Tesco one and use an interest free credit card or better still, if you can't afford it, don't buy it.

BTW you also get two years guarantee with the Tesco purchase.
Edited by: "oddballjamie" 25th Apr 2014

In before the "if you can't afford it d.." dammit, too late!

BigRaz786

Tesco deal doesn't work



Tesco Deal does work. You're probably doing it wrong.

Original Poster

oddballjamie

Technically it's costing £35 extra over six months on a £314 loan.In real … Technically it's costing £35 extra over six months on a £314 loan.In real terms that's 37.3% APR!!!Buy the Tesco one and use an interest free credit card or better still, if you can't afford it, don't buy it.BTW you also get two years guarantee with the Tesco purchase.



Hi oddballjamie,
How is it a £314 loan?

Edited by: "kothari1234" 25th Apr 2014

same price at argos..just use an argos card and pay over 12 months

kothari1234

Hi oddballjamie, How is it a £314 loan?



because you can buy a ps4 for 314 quid from tesco.

Original Poster

dataload

same price at argos..just use an argos card and pay over 12 months


Agreed, but Argos does not do home delivery at the moment for the PS4. So that would be a good deal if you are willing to collect in store.

This monthly finance thing is interesting. Apart from Argos and the Sony Store, anyone know any other shops that offer this?

oddballjamie

Technically it's costing £35 extra over six months on a £314 loan.In real … Technically it's costing £35 extra over six months on a £314 loan.In real terms that's 37.3% APR!!!Buy the Tesco one and use an interest free credit card or better still, if you can't afford it, don't buy it.BTW you also get two years guarantee with the Tesco purchase.



Not quite sure how your maths works there. Tesco are 11% cheaper, if you compare any price difference to credit cards you can mis-represent some figures like that. That's like saying if someone lets you pay £10/week interest free on a £20 item that you could get for £15 elsewhere then you're paying 100% extra per week (the first payment comes off before interest) - so carrying it that way, Week 1: Paid £10, £5 left. + Interest = £10 owesd. Week 2, £10 paid, all clear. Without payment that debt would be worth £675,539,944,105,574,400. That is an interest rate even payday loans couldn't compete with.

I guess what I'm saying is don't be a dick with maths. Lots of catalogue companies inflate prices to hide the fact that while they don't charge interest (unless you don't pay up on time) they do charge a hidden premium - but this deal's for RRP ffs. Tesco are charging £349, too, so the deal would probably involve some jiggery-pokery anyway. :P

oddballjamie

Technically it's costing £35 extra over six months on a £314 loan.In real … Technically it's costing £35 extra over six months on a £314 loan.In real terms that's 37.3% APR!!!Buy the Tesco one and use an interest free credit card or better still, if you can't afford it, don't buy it.BTW you also get two years guarantee with the Tesco purchase.



the console costs 350 everywhere?!

warlockuk

Not quite sure how your maths works there. Tesco are 11% cheaper, if you … Not quite sure how your maths works there. Tesco are 11% cheaper, if you compare any price difference to credit cards you can mis-represent some figures like that. That's like saying if someone lets you pay £10/week interest free on a £20 item that you could get for £15 elsewhere then you're paying 100% extra per week (the first payment comes off before interest) - so carrying it that way, Week 1: Paid £10, £5 left. + Interest = £10 owesd. Week 2, £10 paid, all clear. Without payment that debt would be worth £675,539,944,105,574,400. That is an interest rate even payday loans couldn't compete with.I guess what I'm saying is don't be a dick with maths. Lots of catalogue companies inflate prices to hide the fact that while they don't charge interest (unless you don't pay up on time) they do charge a hidden premium - but this deal's for RRP ffs. Tesco are charging £349, too, so the deal would probably involve some jiggery-pokery anyway. :P



It's pretty easy to work out.

If you were to buy a PS4 at Tesco (using the 10% off code), it would cost £314.

Then take the price sony are charging £349 as use it as an overall total loan cost to work out the APR.

£314 with a 37.3% APR loan in 6 monthly payments is £58.17 a month, making a total of £349.03.

I'm not being a dick with maths as you've put it, I'm pointing out the hidden cost to people.

You're mad

niqbal870

the console costs 350 everywhere?!



Not checked the hottest deals today yet?
hotukdeals.com/dea…875

Very good advice oddballjamie but it may be okay for some with no other loans and will take this product on loan only .

Is this a deal directly with Sony or with a third party credit company? E.g. do I pay the 55£ to Sony? And can I pay my off my monthly payments at once, e.g. pay three month this month and three month next month?

Many thanks

ThisName

because you can buy a ps4 for 314 quid from tesco.



What utter rubbish! Sony aren't charging interest on this. I can buy my food shopping cheaper in ASDA than Tescos - does that mean Tesco is charging me interest.....

Original Poster

Syphire

Is this a deal directly with Sony or with a third party credit company? … Is this a deal directly with Sony or with a third party credit company? E.g. do I pay the 55£ to Sony? And can I pay my off my monthly payments at once, e.g. pay three month this month and three month next month?Many thanks


Hope this helps: shop.sony.co.uk/sho…=en

Ajazb

Very good advice oddballjamie but it may be okay for some with no other … Very good advice oddballjamie but it may be okay for some with no other loans and will take this product on loan only .



The majority of credit cards are lower than 37.3%. If people have one higher than that, I doubt they will pass the credit checks with Sony.

Banned

Unless you're going to die without it. Just save up your money and buy it the normal way.

adam_holcombe

What utter rubbish! Sony aren't charging interest on this. I can buy my … What utter rubbish! Sony aren't charging interest on this. I can buy my food shopping cheaper in ASDA than Tescos - does that mean Tesco is charging me interest.....



Technically no, but they are making a much larger margin on selling it than Tesco are at the moment and giving a shorter guarantee.

If you prefer to pay more for items, you're probably on the wrong site.

adam_holcombe

What utter rubbish! Sony aren't charging interest on this. I can buy my … What utter rubbish! Sony aren't charging interest on this. I can buy my food shopping cheaper in ASDA than Tescos - does that mean Tesco is charging me interest.....

no they're profiteering. oh and jamies comment does make sense its based on this timescale (of how long the 10% code lasts) its the better deal. get a 0% credit card theres bound to be a few knocking around on here.

The maths are correct; the effective total cost increase over the Tesco deal would equate to an apr of 37%ish if you were to finance the money for the tesco deal instead of this interest free one, like what oddballjamie said.

Why are people talking about taking a loan for PS??!!

If you cannot afford to buy it, DON'T buy it. Learn save up guys.

You can be patient for couple of months and then get it. You never know you might find a better deal over the summer holidays.

People should only get a 0% credit card if they have a discipline with money, otherwise I think its better to take the Sony deal just to prevent you buying all the extra crap you dont need

AR2012

no they're profiteering. oh and jamies comment does make sense its based … no they're profiteering. oh and jamies comment does make sense its based on this timescale (of how long the 10% code lasts) its the better deal. get a 0% credit card theres bound to be a few knocking around on here.



Another option would be to buy it on a current credit card while the offer is on and apply for an interest free balance transfer card.

Although the best option is to save up as it's the extra bits that add up as a PS4 without any games or PS+ network is gonna get boring quick after the first 14 days.

lundapapa

Why are people talking about taking a loan for PS??!!If you cannot afford … Why are people talking about taking a loan for PS??!!If you cannot afford to buy it, DON'T buy it. Learn save up guys. You can be patient for couple of months and then get it. You never know you might find a better deal over the summer holidays.



Mum? is that you?

Wow, a loan on a £350 purchase. How are you going to afford games?!

I think I'll go to Brighthouse instead and get a 70" TV to go with the PS4.

If I sign up today, do I then just go and pick it up from a local Sony store?

markweatherill

I think I'll go to Brighthouse instead and get a 70" TV to go with the … I think I'll go to Brighthouse instead and get a 70" TV to go with the PS4.



It's a bright house until the electricity gets cut off.

GeniusGizmo

People should only get a 0% credit card if they have a discipline with … People should only get a 0% credit card if they have a discipline with money, otherwise I think its better to take the Sony deal just to prevent you buying all the extra crap you dont need


Who needs a PS4? I have one, but I didn't need it.

oddballjamie

Technically no, but they are making a much larger margin on selling it … Technically no, but they are making a much larger margin on selling it than Tesco are at the moment and giving a shorter guarantee.If you prefer to pay more for items, you're probably on the wrong site.



No, I understand what you're saying - however, someone saying that a company charging more for an item is the same as paying interest on it is just plain wrong.

adam_holcombe

No, I understand what you're saying - however, someone saying that a … No, I understand what you're saying - however, someone saying that a company charging more for an item is the same as paying interest on it is just plain wrong.



I didn't say they were charging interest, I made a comparison.

"Technically it's costing £35 extra over six months on a £314 loan.

In real terms that's 37.3% APR!!!"

Much the same as Vauxhall's 'interest free' deals, you can buy the car with cash or through a broker a lot cheaper.

adam_holcome not only that like all other super markets we shoppers also pay for their loss , damage ,theft and other mistakes .

adam_holcombe

What utter rubbish! Sony aren't charging interest on this. I can buy my … What utter rubbish! Sony aren't charging interest on this. I can buy my food shopping cheaper in ASDA than Tescos - does that mean Tesco is charging me interest.....



Does Tesco let you pay for your shopping in 6 monthly installments?

oddballjamie

Who needs a PS4? I have one, but I didn't need it.

Ok to clarify... I mean if your intention is to get a credit card to buy a PS4 be careful as you could end up purchasing a lot more than you initially set out to or can afford. Better?
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