I realise that there would be a certain amount of largesse in this, but it is extremely risky to lend on consumer goods, even more so second hand ones. Even aside from that, the problem is that it is legally impossible for a person under 18 to enter into a contract, so if they don't repay the loan you have no recourse, not even a right to repossess the laptop.
These kids should do what everyone else does - rely on their parents to borrow the money, give them a laptop, or get a job. On Thu, May 17, 2007 6:30 pm, Don Gould wrote: > I did a quick poll of the LES kids today and discovered that almost all > of them are saving for some sort of laptop. > > Kids can't get finance. > > I'm thinking about setting up some sort of 'trust' arrangement where > they can borrow the money (with perants permission) to buy a budget > laptop off trademe. > > What I'm interested to know is how many CLUGer's would like to provide > some of the financing. > > It would be a loan only and also repaid with interest. > > Comments welcomed. > > Cheers Don > -- > Don Gould > 2/59 Peverel Street, Riccarton, Christchurch, New Zealand > Phone: +64 3 348 7235 > www.bowenvale.pointclark.net/funny > www.bowenvale.pointclark.net/benjamin/ > www.thinkdesignprint.co.nz - www.tcn.bowenvale.co.nz - > www.bowenvale.co.nz - www.hearingbooks.co.nz - www.crra.org.nz - > www.justhelicopters.co.nz - www.buxtonsquare.co.nz - > skype:ThinkDesignPrint?add - Good ideas: www.solarking.co.nz > > -- Nick Rout
