Quote:
Originally Posted by kamakazitp
you forgot to look at it from the plus side. lets say you already have the money for a 2k tv. 0% financing deals are great in that they allow you to dump your cash into a money market account and earn interest while you make your payments. you pay the same amount as if you just paid cash upfront.
this is what I did with my rear projection TV 4 years ago. I had the cash, but they had a 24-month 0% financing deal if I got a circuit city card. canceled the card after the TV was delivered and I let my cash earn some interest over the next 2 years.
anyone dogging on 0% financing plans needs to find something else to worry about. used properly, they can be a smart move. they are just hoping once you get the card, you'll go back and buy tons of other shit on the regular insane interest rates. if you don't, you win.
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$4k invested in a high risk, 24 month, no-load fund, yielded how much ...?
Just curious!