I am legitimately against financing purchases, and i don’t see the point of a payment plan.
I would rather get all that expense done right away rather than have it hang over my head.
If I can’t afford to buy it right there and then, I pass on it. I recently did finance an expense because I wanted and needed it. I will say, this financial plan isn’t so bad. I worked with my Heating and Air Conditioning guy and got a low interest rate on a payment plan for my up-to-date Heating and Air Conditioning system. I was going to get a central heating and cooling machine in my home. I could afford it right away. I started talking with the Heating and Air Conditioning company owner about my openings and he highly recommended a geothermal heat pump, then you get both heating and cooling in a single unit; The geothermal unit has a loop system buried underground. It takes existing heat energy from underground and pumps it into your house for a heating effect and 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 and Air Conditioning system too, but with a geothermal heat pump you can also have Heating and Air Conditioning zone control. The system had such a high price tag that it scared me. The financing choice 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.