I was talking with an older lady the other day that was going through bankruptcy. She was talking to me about how after the bankruptcy if she needs something she can’t afford, she would buy it from QVC with the easy payments. At the time I thought this was a bad deal, but then I actually looked into it a little.
I looked up a couple of the items on QVC and compared them to the cheapest price on the internet, including S&H. I also only looked at the products that were available with easy pay. It turns out that QVC isn’t that bad of a deal when you factor in that you get the product before you finish paying for it. I looked at a TV for $419 on QVC with $9.95 S&H and the cheapest price I could find on the Internet was $400 with free shipping. So for $30 more you get to get a TV upfront for 4 payments of about $105 a month. I don’t think this is that bad a deal when you consider that.
Would I ever take that deal? Absolutely not, but only because I’d rather save up the money for 4 months, have the satisfaction of paying in cash and get the $30 discount or maybe even wait for a better deal on a different TV. The main problem is you can find cheaper items on sale all over the internet. Probably during that 4 months I would search the internet for other TVs that end up being even cheaper in price and saving a lot more money. But QVC isn’t as bad a deal as I thought it would be. I can understand why she said she does that now. But that’s only if you can control your shopping and only buy things that are a “necessity” in our culture, like a TV.
Would you consider buying something on QVC if the price was in line with other places and you could make a couple of payments on it?