Yes, it was something we had been talking about a few weeks ago and it is that on previous occasions we saw how Apple continued to increase the financing term to 0% interest for purchases on its website and in physical stores. Well, this ended yesterday at 00:00 when the Cupertino firm has left this promotion behind which has lasted for months.
What we can say is that it was a much longer promotion than usual at Apple and we want to believe that this is because they needed to increase sales during this period. The truth is that being able to finance the purchase is for many users the only option to access an Apple product in the official store and having financing at cost 0 is really interesting, now this is over.
The cost of financing varies according to the amount we ask for and the months
This is the same as going to a bank to request a loan, in fact it is a bank that leaves us the money to buy the product that is from Apple. In this case in Spain it is Cetelem, but we imagine that it will depend on Apple's contracts with the entities so that one or the other bank is in charge of lending us the money.
To give a practical example if we ask for 299 euros for an Apple product and we want to pay it in 12 months the cost of financing is 24,76 euros. This figure will grow according to what we want to buy and according to the time we want to take to return the money. Now we will have to wait a few months for Apple to make this financing offer at 0 cost again, something that many of you have surely enjoyed at some time.
