Quote:
Originally Posted by skeen
That's an interesting viewpoint, but could you elaborate further? You say nothing is free - are you therefore implying that the interest free credit isn't real? I'm sure many would attest that it is.
In addition, even if you had the money, wouldn't the interest free credit be the best option, given the interest you could earn on that money in a savings account?
The view that "if you don't have the cash, you can't afford it" is flawed, in that I can afford it, just not within an immediate timeframe. Paying slowly and not immediately is still paying.
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100% correct. If you are getting no benefit from paying 100% cash up front, and you don't end up paying more for having that money in your account for 24 more months, then its a no-brainer. If you don't have 100% of the cash before buying, well thats a grey area, and one that is for each individual to decide, based on their income, and other financial commitments.