A Gudani MX 360 Pro laptop could be bought at a cash price of R6 500 or through. a hire purchase agreement where a customer can pay R650 deposit and monthly instalments for 2 years.
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Bonus Knowledge
Did you know that hire purchase agreements have been around since the early 19th century? They revolutionized how people bought expensive items, allowing customers to enjoy the product immediately while spreading out payments over time. This method is especially popular for purchasing cars and electronics, ensuring that even those on a tighter budget can access the latest tech without breaking the bank! In real-world application, hire purchase can be a fantastic option for those who want to manage their finances better. By paying a deposit and smaller monthly installments, customers can avoid hefty upfront costs. However, it’s essential to consider the total cost over the payment period because interest rates can significantly increase the final amount paid compared to the cash price! Always read the fine print!