I am honestly against financing purchases, then i don’t see the point of a payment plan.
I would rather get all that expense done instantly rather than have it hang over our head.
If I can’t afford to buy it right there plus then, I pass on it. I recently did finance an expense because I wanted plus needed it. I will say, this financial plan isn’t so bad. I worked with our Heating and Air Conditioning guy plus got a low interest rate on a payment plan for our new Heating and Air Conditioning system. I was going to get a central heating plus cooling equipment in our home. I could afford it instantly. I started talking with the Heating and Air Conditioning company owner about our options plus he highly advocated a geothermal heat pump, but you get both heating plus cooling in 1 unit, the geothermal equipment has a loop plan buried underground. It takes existing heat energy from underground plus pumps it into your beach house for a heating effect plus 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 plan too, with a geothermal heat pump you can also have Heating and Air Conditioning zone control. The plan 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 spend money back for itself, so long term I am making a better financial decision.
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