fido, page-2

hi Jordan,

Played around with Fido web on $5k purchase over 12mths with fortnightly payments.
retail purchase $5000
10%upfront deposit req'd -$500
Amount Due $4500

Fortnightly Fee $2.5 x 26 $65.00
Transaction Fee monthly $3 x 12 $36.00 Total fido $101.00 charges

I think they make their money from fees and transaction costs, the retailer must waive the interest repayments....It appears its not the purchase price that matters , its the duration of payment plan...the longer more fees and transaction costs.....