I am very against financing purchasesâ€¦ I don’t see the point of a payment plan.
I would rather get all that expense done instantaneously rather than have it hang over my head.
If I can’t afford to buy it right there & then, I pass on it. I recently did finance an expense because I wanted & needed it. I will say, this financial method isn’t so bad. I worked with my Heating & Air Conditioning girl & got a low interest rate on a payment method for my new Heating & Air Conditioning system. I was going to get a central heating & cooling unit in my home. I could afford it instantaneously. I started talking with the Heating & Air Conditioning corporation owner about my chances & she highly suggested a geothermal heat pump! You get both heating & cooling in a single unit. The geothermal device has a loop system buried underground. It takes existing heat energy from underground & pumps it into your condo for a heating effect & does the reverse for cooling. Think about it. In the Wintertide the ground temperature is much warmer than the air. It is cleaner using this type of Heating & Air Conditioning system too, with a geothermal heat pump you can also have Heating & Air Conditioning zone control. The system had such a high price tag that it scared me. The financing option with the low interest rate made it possible. I also saw statistics on how the heat pump energy savings do pay back for itself, so long term I am making a better financial decision.