Insurance Payout - £1600 Curry vouchers / £1000 Cash. Which to take

[d000hg]

I would say that 1600 in currys vouchers is worth about 1k in cash given that you can buy better products considerably cheaper on t'internet. Can you not haggle for a bit more cash? What exactly are you looking to replace?

Why are they better? Currys sell own-brand cheap stuff too but they also sell exactly what you buy online... Panasonic bring out a new range of TVs and you can go view it in a shop and then find the cheapest price online. I don't think 60% increase is anywhere near realistic, when we looked at TVs arounf the £1k mark it was more like a 20% saving online.

[d000hg]

I couldn't spend 1600 pounds in Currys in three months and possibly not even in 12.

You're not trying hard enough. A half-decent TV+blu-ray+speakers would use that all up in one go. So would a top-end laptop with a few bits and bobs. Or combination of new dishwasher, fridge-freezer, oven & washing machine.

[AtW]

This is an insurance offer

It means that they are identical :-
)

So you think insurance company is so stupid as to bother even creating identical offer? The whole point of this £1600 looking much more than cash is to attract you to the false option that is much cheaper to the company than cash.

Granted it is possible that it may work out better for you too, but this would depend on whether Curry's can't crunch their numbers.

[fatsuperman]

I first read the subject I thought - that's a lot of Jalfrezi!

Honestly, it didn't occur to me it was vouchers for the shop.

You sir, are a scholar. You also owe me a new keyboard.

[Bagpuss]

Why are they better? Currys sell own-brand cheap stuff too but they also sell exactly what you buy online... Panasonic bring out a new range of TVs and you can go view it in a shop and then find the cheapest price online. I don't think 60% increase is anywhere near realistic, when we looked at TVs arounf the £1k mark it was more like a 20% saving online.

Quite often currys don't sell the kit reviewed by the audio visual magazines, they sell cheaper models especially made for their like (comet et al) with a lower spec. So like for like I'd rather have the cash.

[threaded]

As above??

Quite lost at the mo.

They have offered 1600 pounds in currys vouchers or 1k in cash

What would you take?

Do currys sell anything useful at a reasonable price

This means something you buy in Curries for £1600 could be bought elsewhere for £1000. Whether you could buy it for £1000 is an interesting thought.

[Sysman]

This means something you buy in Curries for £1600 could be bought elsewhere for £1000. Whether you could buy it for £1000 is an interesting thought.

Hmm yes, what the insurance company could buy for £1000 might be a tad different from what you can buy it for.

1. Is the insurance company part of the same group as Currys? The vouchers coud be subsidised by marketing funds. What price does the insurance company really pay for £1600 of vouchers?
2. A claimant might be inclined to refuse the £1000 offer as being too low, but be happy with £1600.
3. VAT advantages of one over the other? I Haven't a clue, but something else to consider.

Whatever, the vouchers deal is to enable Currys to grab a new customer who will hopefully spend more and maybe need credit to do that.

[d000hg]

Quite often currys don't sell the kit reviewed by the audio visual magazines, they sell cheaper models especially made for their like (comet et al) with a lower spec. So like for like I'd rather have the cash.

Not according to my research, I found the exact same models of most TVs I looked at. You might risk buying last year's range but generally they had the same models. I'm sure what you say happens in some cases, but it's not a generalisation and if you can find Currys stocking the model you want, £1600 looks the better bet.

[tim123]

You're not trying hard enough. A half-decent TV+blu-ray+speakers would use that all up in one go. So would a top-end laptop with a few bits and bobs. Or combination of new dishwasher, fridge-freezer, oven & washing machine.

But I'm not trying to spend it for the sack of it.

I never buy top end stuff that's going to cost half as much in 2 year's time.

And I have absolutely no need whatsoever for a blu-ray thing-a-me-bob. I have never in my life bought recorded video media and I do all my recording onto a hard disk

tim

[fatsuperman]

Tim,

You've probably answered your own question there. If you don't actually have anything to buy at Curry's and don't need to spend the money to replace whatever the payout is for, then take the money.

Good advice on trying to sell the vouchers, but again, if you don't want the hassle then take the cash.

For me, £1,600 of vouchers is worth a fair chunk more than £1,000 cash - there's no way Curry's are 60% more expensive than online retailers. And they sell plenty of things that are discounted, older models, which you don't pay a premium on.

But to re-iterate, if there's nothing you want from there, don't bother!