Hi, Sorry Don, but I tend to agree with Nick. Further, I would add that a laptop is (once a few years have passed) an incredibly unreliable bit of gear. As a kid, I would feel cheated if I borrowed the money, bought the laptop, and then it died (while not paid off). My guess is that at the time of death, repayments stop. and then what happens?
I seem to recall hearing of a well known finance company that went bust cause they lent money on cars (which are slightly more reliable than laptops) Derek. ================================ On Thu, 17 May 2007, Nick Rout wrote: > 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 > > > > > > > -- Derek Smithies Ph.D. IndraNet Technologies Ltd. Email: [EMAIL PROTECTED] ph +64 3 365 6485 Web: http://www.indranet-technologies.com/
