/biz/ - Business & Finance

[Anonymous No.52559153]

Is there actually any point in buying products for a one time payment if the installments add up to the same price? I should spread it out as far forwards into the future as possible, right?

[Anonymous No.52559189]

>>52559153
If the interest rate is effectively zero, then yes. But the point is to not purchase more than you intended to purchase to begin with. It's the same jew psychology that credit card companies want. The whole point of the massive credit limit is for some brain let to go on a spending spree and get raped in CC debt at 29%.

[Anonymous No.52559194]

>>52559153
If you can finance something at 0% and have the money up front there's not really a reason not to.

[Anonymous No.52559360]

>>52559153
You do realize that with this thinking you are supporting pic related?

[Anonymous No.52560072]

>>52559189
>>52559194
I mean the stores just say stuff like "36 monthly installments of $15" etc. which adds up to the purchase price of $540 and so on. Seems like a 0% interest to me idk.

[Anonymous No.52560085]

>>52559153
just got the newst pro max. 120 hertz is neat.

[Anonymous No.52560265]

>>52559153
In an ideal world, where people led lives with balanced checkbooks; where people actually mapped out monthly expenditures and understood payback plans - yes it would be a great idea for everyday people to purchase things over time.

However we don't live in that world. People will fuck up, it will cause what is essentially a default on this loan, massive institutions will go in debt; and it could literally be 2008 all over again until everybody except those who were already super rich, are now dead broke and therefore >>52559360

[Anonymous No.52560493]

>>52559153
No, even if it's 0% you shouldn't do it. it is bad financial behaviour. only buy things for lump sum cash, with the exception of a home. want to buy something? then put money in a pot then buy it. Don't tie up your income for years, you want your income free and disposable as much as possible.

[Anonymous No.52560548]

>>52560493

Wrong

Op I do this. Put the money even in stables

[Anonymous No.52560592]

>>52560493
>Don't tie up your income for years
>Tie years' worth of income up all at once!

[Anonymous No.52560619]

I do this even if I have the cash to buy it outright. I just put some extra months worth of payments into savings so I don't end up overspending

[Anonymous No.52560633]

>>52560493
i bought a 2TB Samsung 970 Evo Plus literally yesterday for $200 paid over 5 months with no interest or fees

[Anonymous No.52560674]

>>52559153
literally a win-win. 0% interest loans make their money on the people that forget to pay, and on people that slowly open a ton of these loans and eventually it catches up with them

[Anonymous No.52560692]

>>52559153
I buy EVERY phone up front.
No, I won't sign your contract Schwartz
Yes, I will sometimes not pay my bill on time, because I can, and it doesn't affect my credit, because it's pre pay.
Seethe and dilate contract trannies

[Anonymous No.52560713]

>>52559153
yes but how people get caught up is that they still see bunch of money in their bank account and think they can spend it. it in turn, makes you spend more money in the medium term.

[Anonymous No.52560743]

>>52559153
poor people make installments. and I never buy insurance for anything under $1k

[Anonymous No.52560778]

>>52560548
>>52560592

don't listen to these kikes, they want you to sign contracts for little things.

>>52560633

damn that's poverty. you took a contract for a $200 purchase, increase your income

[Anonymous No.52560799]

>>52560493
I would be loosing a significant amount of money to inflation if I did this. How would that be smart financial behaviour?

[Anonymous No.52560802]

>>52560778
i put most of the money i have on-hand into slurping this scrumptious dip we're in and i will continue to do so