Own Your Very Own iPad! [Pic]

Submitted by: eastsiderepp 5 years ago in Tech

Now owning an iPad is easier than ever--as long as you"re really bad at math.
There are 30 comments:
Male 25,416
Wow.. thats shocking. $1949 total. Eeek....
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Male 1,610
[quote]This whole rent-to-own scam is just taking advantage of people`s sense of entitlement.[/quote]

good, there`s no better teacher than the university of life
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Female 14
"You guys need to realize that this isn`t any worse than a similar agreement to buy a car or home. Long-term purchase agreements almost always work this way (paying several times the price of just buying it outright), and it isn`t nearly as much of a scam as you`d think. 500-800 dollars today could easily be worth 2000 in 6.5 _years_ when you consider how that money could have been invested. It`s trivial (with a calculator) to work back how much 2000 over 78 months would be worth right now given a fixed interest rate, and I would be astonished if it`s more than 5% or so."

Except its 78 weeks, not months.


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Male 506
@Squidbush, payday loans happen out of desperation. This whole rent-to-own scam is just taking advantage of people`s sense of entitlement.
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Male 9
You guys need to realize that this isn`t any worse than a similar agreement to buy a car or home. Long-term purchase agreements almost always work this way (paying several times the price of just buying it outright), and it isn`t nearly as much of a scam as you`d think. 500-800 dollars today could easily be worth 2000 in 6.5 _years_ when you consider how that money could have been invested. It`s trivial (with a calculator) to work back how much 2000 over 78 months would be worth right now given a fixed interest rate, and I would be astonished if it`s more than 5% or so.

Read up on time-value of money at wikipedia:
http://bit.ly/yAe0M
(apparently that link is too long for IAB comments)
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Male 1,016
but does it come with a banjo app?? No?
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Male 5,094
Why the US housing crash happened in the first palce.
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Male 1,093
"I never understood why anybody would do the rent to own deal...
Same as "Payday Loans"."

Simply because there`s a lot of exceedingly stupid people in this world. (especially when it comes to the "payday loan" scams.)
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Female 91
so that`s $1950ish and that works out at... £1257ish ha! An excellent and cost effective deal.
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Male 14,827
It`s OK if you can choose to only rent it for a week.
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Male 554
I never understood why anybody would do the rent to own deal.
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Male 554
Same as "Payday Loans".
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Male 554
I never understood why anybody would do the rent to own deal.
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Male 4,902
Rent to own is a scam.
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Male 15,832
Does that include the Stupidity Tax?
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Male 15,510
What a great deal not
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Male 3,475
$1949.22
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Male 759
That`s how all rent-to-own stuff goes. Especially electronics.
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Male 47
HEY! I live in Richmond, KY. Never seen this ad before. Gotta love the math around "these parts"
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Male 164
It`s strange, I always pop out the calculator on IAB..

..too bored to think.
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Male 10,440
For $2000... you can buy something that regularly sells for $500... yes.

But it gets better. It probably costs about $100 to manufacture, and IMO is worth about $50.

But I`ve seen people fall for worse deals out there.

... bottled water, text messages before there were just unlimited plans, movies, televangelism, etc...
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Male 1,243
The good old American dream eh?
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Male 2,419
Or... now bear with me on this one... you could save up from now till boxing day and buy one for a lot less than $2000 and have money left over...
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Male 2,593
The sad part is, people probably fall for this crap
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Male 73
glad to see i wasnt the only one whipping out a calculator on this one.
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Male 213
Well, it is Kentucky. They probably have a lot of takers on their offer.
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Male 187
Wow, for only $2000.00 you too can own something that only costs ~$500.00...WHAT A GREAT DEAL!!!
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Female 267
Hmmm...$329 or $1949....decisions, decisions...
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Male 1,686
incredible deal!
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Male 2,620
Link: Own Your Very Own iPad! [Pic] [Rate Link] - Now owning an iPad is easier than ever--as long as you`re really bad at math.
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