Should I finance a gaming pc? Affirm can assist you in financing your next gaming PC. Score a new gaming desktop or a gaming laptop with low monthly payments. Furthermore, there are numerous purchasing centers that can finance gaming PCs, including Amazon.com, Cyberpower UK, Alienware, and iBUYPOWER®: Gaming Computers, among others.
Online gaming is entertaining, and the ability to connect with other people in a shared community is what makes it so appealing. Being a part of a game often means being a part of a community that appreciates each other as well as the rich storylines that games frequently develop.
Indeed, online gaming is becoming more than just a recreational activity. Many people are discovering that they can earn money by streaming games they play on sites like Twitch or Facebook Gaming and providing viewers with high-quality content such as gameplay or commentary. However, being able to play games and stream to streaming services at the same time necessitates the use of a powerful PC, which is not cheap.
So, if you don’t have the cash to buy a gaming PC right away, you might think about financing one. Consoles are reasonably priced and can be a good way to establish credit if you’ve never borrowed before. Let’s take a closer look to see if this is the right path for you.
Many computer companies provide low-interest financing. Dell, for example, offers 0% financing for 12 months on its popular Alienware gaming PCs. However, interest rates for financing these specific PCs range from 17.49% to 28.49% after the first year; therefore, if you aren’t confident that you will be able to pay off the balance within 12 months of purchase, you may want to reconsider financing.
Using a credit card is another option for financing your PC. With rates typically at 19.99% for credit cards, though, you may end up paying quite a bit for interest.
Building a good credit score is important because banks may refuse an application for an unsecured credit card or loan if the credit history is not satisfactory. However, as a younger person, you may not yet have a credit score. A small sum of borrowed money is a good place to begin.
You could also save money and buy your gaming PC with cash. KOHO has a new program for gamers that allows them to earn 5% cashback on gaming companies that use prepaid cards to avoid debt while still building credit – that’s a great way to save some money toward your purchase while also building credit.
It can be very frustrating for gamers to be unable to play the most recent version of their favorite game. As a result, options such as gaming pc monthly payments appear to be at the very least worth considering. With the rise of Buy Now Pay Later (BNPL) options on the internet, it stands to reason that people would want to know whether they should buy something like a gaming PC in installments or not.
Things to consider when financing a gaming pc
Needs Analysis
Before purchasing a gaming PC, it is critical to understand three points: First, will the PC be used solely for gaming or will it also be used for work? Second, what kinds of games will be played? Finally, what is the purchase budget?
Before you buy a gaming PC, consider whether you really need one; and if you do, research what kinds of games can be played and the different requirements for each game.
Work and Gaming
A gaming PC, as opposed to a gaming console, provides many more options for activities other than gaming. One of the requirements for functioning in the modern world is the possession of a computer. Due to the superior processors and graphics cards found in gaming PCs, they can also be used for graphic design, video editing, and audio recording.
If you are a freelancer or a professional gamer, investigate ways that a PC purchase can be used to write off against the revenue of your business.
This is where buying a PC can get confusing. There are so many options for a gaming PC that it can feel overwhelming. As a rule, for most people that are looking into serious gaming or becoming a professional gamer that makes money from live streaming games, it’s key to understand what kind of games are going to be played.
What Kind of Games are Going to be Played?
The main costs to a gaming PC are a computer’s memory (RAM), processor, and graphics card. The bigger and faster of each of these components of a computer is what contributes to costs. For a gaming PC, a really good graphics card is required for most games. That is followed by memory and then the processor. If you have an idea of what games you want to play, each game has a website that has the recommended requirements for the game in question.
Budgeting
The most important question is whether or not you can afford to finance a gaming PC. The good news is that gaming PCs rarely cost more than $3,000. If you shop around and do your homework on the previous two questions, you’ll find a price you can afford with financing. Just remember that financing for small amounts often comes with high interest rates. However, if you budget for the expense, even the principal and interest can be manageable.
Also Read: Where can I get cash back with apple pay?
Furthermore, if you are young and do not have other credit options such as car loans or mortgages, financing a PC is a great way to build credit. If you can make money off of the gaming PC, it can be considered an investment as well as an expense.
Advantages of Buying a Gaming PC on Finance
- Saving money
- No need for a credit check
- Flexible payment options
There are a few disadvantages to purchasing a gaming PC on credit. One significant disadvantage is that you have less product control and flexibility.
Depending on your requirements, this can be advantageous or disadvantageous. For example, if you know exactly what parts and configuration you want, purchasing your gaming PC ahead of time will give you more control over these decisions.
Financing Gaming PC Pitfalls
Trying to build your own PC is one of the most common pitfalls in financing gaming PCs. If you are going to finance a PC, it is best to do so through a major computer company and ensure that the PC has a one to two-year warranty. The internet is full of horror stories about people who tried to build their own PC with borrowed money and ended up with nothing but a pile of very expensive scrap. Because you are using borrowed funds, ensure that there is a warranty and consider purchasing PC insurance. Insurance may appear to be an unnecessary expense, but it is there for those times when the dog eats the homework… or, in this case, when the water glass fries the computer.
Should You Buy a Gaming PC on Finance?
Financing a gaming PC is possible, and most companies, such as HP or OriginPC, allow you to design and finance your own computer. The monthly payment is determined by the financing plan as well as the value of the gaming PC. Financing plans range from 6-36 months in length, depending on the monthly payment.
Finally, purchasing a gaming PC on credit may not be the best idea. Buying a gaming PC outright and with cash may end up being less expensive in the long run.
If you’re looking for ways to save money, purchasing a gaming PC outright is a great option. However, if you want some extra time to pay off your PC or simply cannot afford one up front, it’s a good idea to get one on finance instead!
Summary
- Saving and avoiding debt is a good idea in general, but there are good reasons to finance a gaming PC.
- Borrowing a reasonable amount could help build your credit score if you borrow responsibly.
- The risks of financing a gaming PC are low, plus, gaming PCs are often used for work or other sources of income.
- The value of a gaming PC drops quickly, so be sure that you assess needs first and get a warranty plus insurance.
Purchasing a gaming PC is frequently more than just purchasing a piece of gaming equipment. With that in mind, make sure you can afford the payments, know what you intend to use the computer for, and shop around for a good deal on a PC that includes a warranty and issuance. If you follow the steps outlined above, you will be able to relax and enjoy your new investment without concern.
