Aielyn said:
sales2099 said:
Aielyn said:
sales2099 said: Many people dont see that this mirrors that of buying a house......you pay more with a downpayment then you do when you pay for the whole thing upfront. |
When you make a downpayment on a house, the real estate agent isn't telling you that the house costs the downpayment price.
The problem here isn't the contract. It's the asterisk. They aren't saying "Buy an Xbox 360 for $99 upfront plus $15 a month for 24 months", they're saying "Buy an Xbox 360 for $99*".
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I guess you never heard of "read the small print" lol. People know what they are getting into. This is just more feasable for lower income families.
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The fine print doesn't generally contain 75% of the price of the house.
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I'm sorry but that's EXACTLY how it works. When you buy a $100,000 and you pay $800 a month for 30 years (all realistic figures),just do the math. Same goes for that car you bought for "no money down" or that "Free" cell phone you got because you subscribed to the $30 unlimited data plan in addition to your normal service.