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| Thread ID: 45948 | 2004-06-08 05:15:00 | [OT] Fair Trading Act | Lohsing (219) | Press F1 |
| Post ID | Timestamp | Content | User | ||
| 242805 | 2004-06-08 12:08:00 | > ......... Even > this (http://www.computermedic.co.nz) > company is set up to make a profit and sell stuff on > finance. > > Eh Metla? > > Baldy;-) hmmm...i can barely make out the site for all the finance availble banners.....sure is a nice guitar in the window though. |
metla (154) | ||
| 242806 | 2004-06-08 20:19:00 | > Oh i dont think so,every single item i have seen in a > Harvey norman(granted i only looked at the items that > interested me) are available at a btter price > elsewhere,for example the bedroom suite we purchased > was the exact same price but missing 1 piece,looks > good on paper untill you get around their tricks. > What was the missing bit? Hopefully not the mattress. |
Baldy (26) | ||
| 242807 | 2004-06-08 22:12:00 | Pacific Retail Finance does offer rebates to retailers that sell their finance packages. Typically they will give the retailer an interest rate percentage that they charge and allow the retailer to put 1-2 percent on top as a margin, which gets paid at the beginning of the finance contract. So you will find that Pacific Retail is probably charging a "wholesale" rate of 16-17% and HN are putting 1-2% on top. So if you put $3mill of sales through finance then you should have gained between $30-$60k in commission. Stores DO prefer to sell on finance rather than cash as not only do they get a commission but it is guaranteed payment direct into the retailers account. No cash to count, no cheque fees (or bounced cheques), no credit card fees just a simple direct credit. Not many retailers I know would really like to have a large amount of cash on site if only for security reasons, most would prefer direct credits to their account. |
Sb0h (3744) | ||
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