| ArnoldRimmer said: You seem like the perfect target audience for my new financial product, "Cheeseburgers-for-all": Instead of paying the whole price of 1 dollar upfront, you'll pay for it via a 24 month payment plan: In the first 23 months you pay nothing at all, but in the last month you pay 100 dollars. Regardless of whether or not you like cheeseburgers or not, at the end of 12 months you've still paid nothing. The math isn't that hard, a third grader can do it. I will include the spread sheet output at the end of a later post. You're still committed to the 2 years, but it takes another 11 months before buying it outright costs less. In the mean time, in those previous 23 months, the $1 difference paid on day one can be used to work for you. Either to pay other bills, or earn interest. |
An electrontronic device is not food.
Purchasing consumables on credit is a foolish thing, because you're paying for it long after the value of it has gone. Paying for an electronic device via a payment option can be beneficial to your financial situation. The value may diminish over time, but there is still value with electronics.
Your analogy fails for the simple fact that the cost of the penalty is a 10000% fee in your case. The Xbox EFA plan isn't the most expensive purchase option, yours is. Your suggestive plan is a no-brainer to avoid. The EFA plan is a smart option suitable for a wide variety of consumers.
