LutherSales.com is one of a handful of companies that sell MP3players on weekly payment plans. Sales of MP3 players have plummeted since 2009 with prices as low as $20 for some models. However, there are still a few companies that offer MP3 players payable by weekly installments.
Whether these companies operate to the benefit of consumers is debatable. LutherSales.com has a listing for a sixth generation, 32-gigabyte Apple iPod Touch with a list price of $525 and a discounted prepaid price of $319. Approved buyers can split the purchase price for this item into as many as 78 weekly payments of $8, for a total amount paid of $618.00.
The list price for this exact iPod model has never exceeded $249, with many retailers selling it for as little as $230, as of November 2015. The supposedly discounted prepaid price exceeds the actual price for the item by nearly $100.