# Is financing a new MacBook with Dual Core somewhat affordable?

I'm looking to spend no more than \$60 a month.

Relevance

Sure, you can finance, or put on your credit card.

I would consider that very poor money management though.

The cost of your Mac (approximate):

\$2500 (15 inch screen from Amazon)

If you are lucky, you can find a loan at 10% interest compounded monthly.

And lets say you can do \$60 per month. There is a lovely mathematical formula that calculates how long that would take to pay back, and thus the total cost of the computer:

It comes to about 52 payments: so 52 x 60 = \$3,120

You pay about \$620 in interest. The price of a decent performing desktop computer.

What if you can't get 10% interest, and I suspect you wouldn't if you need to finance something that only costs \$2500. Let's try 15% interest, here goes:

60 payments at \$60 = \$3,600

A total of \$1,100 in interest.

That is just throw away money. I hate just "giving" money away. Are you sure you need that thing?

Well, here is a link to a site where you can get it for much cheaper than Amazon.

http://www.pricewatch.com/notebooks_apple/intel_co...

That would save you some money. Using the same calculations above, that would come to about 24 payments, or \$1,440.

Paying just \$340 in interest at 15%.

For computer and electronic stuff, these guys are great:

http://www.pricewatch.com/