"No payt. til 2009" - what's the catch? - Page 6

 

That would make too much sense. Unfortunately, many businesses, (not
just retailers) follow a fiscal year that's different then the calendar
year.

 
Not good enough. Lot's of people show up at the dealership at the end of
the month because they think it matters. What matters more is how good
of a deal others have been getting. If the manager can't afford to give
you a deal, he wont. If he can't afford not to give you a deal, you will
get one. If your not his financial advisor, you won't know which way the
wind is blowing.


Going to another dealer means starting all over again. The willingness
and ability to extend a negotiation out over a long period of time like
that is a powerful tool. The entire sales force becomes invested in
making the deal happen. Yes, they hate you by the time it's over, but
what the hell, you aren't going to ever see any of them again anyway.

 

I think most of the replies posted here a way too cynical.  If you're buying
an item that costs $1,000 chances are pretty good that you can dicker it
down, especially if there's another business in the area selling the same
item, or even a comparable item, for less.

You're not required to accept the merchant's terms - you can, after all, pay
cash on the barrrelhead, or go out and borrow the money from wherever you do
you're banking if you think the interest rate offered by the store is too
high.

If you do go the "same as cash" route, you are borrowing money, and the
lender is entitled to make some money on that.  These deals are somewhat
unusual in that they offer an escape hatch - pay the loan off on time, and
you don't have to pay any interest.

Of course, if everyone did that, the store would go out of business, and
such deals wouldn't be offered.  But how or when you choose to pay has
little if anything to do with the quality of the stuff you choose to buy.
Except maybe that people who choose to buy only what they can pay for when
they buy it may end up buying cheaper stuff.

 
Reading the small print, the fact that the interest is likely
accruing.

I've done the "no interest/no payments for 12-18 months" before with
Sears and Penneys; but ALWAYS have the balance paid way before that.
It's like layaway except you get to have the stuff first.  The secret
is to be disciplined enough to pay regularly.

 
Bought a living room set this way a few years ago.

Bought a washer and dryer this way recently.

All paid before the due date...  No problems.

But, don't be even a second late on a single payment or...  $$$ collection
goes wild!
--


Joe in Northern, NJ  -  V#8013-R

Currently Riding The "Mother Ship"
http://yunx.com/valk.htm

Ride a motorcycle in or near NJ?
http://tinyurl.com/5apkg