We have always preferred down payment. Paying in instalments does have an element of loading it with interest in some cases. In the long run paying in instalments becomes costlier.
Down payment or in instalments?
- Thread starter bestwriter
- Start date
Down payment seems to only be an option when we don't have enough funds and you need something as a matter of urgency. Besides that, down payment is the best.
It is way better to make a downpayment than choose installments with high-interest rates. When you make a downpayment, you do not have to pay for interests.
- Thread starter
- #7
I do not think when payment is made in installments it is free of interest. Have you had any experience paying in installments where there is no interest to be paid?
It could be free of interests if you don't take the products home. You can keep the products and pay in installments till you finish paying, you can take the products.
