Do u guys prefer installment or lump sum payment?

CSNation

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1 shot duh. If anything below 5k and you need installments something is wrong with your financials already.
 

sinicker

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in EDMW, we buy car in cash.

buy 1k iPad need to ask.......
 

Supermarket_astronaut

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Of course is use installment la (if it is interest-free). The extra money you can use it to invest to gain more extra money. Then slowly pay back the installment.
 

iCubes

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Its myopic to assume that going for instalments is a question of affordability. Instalment payment is essentially a free loan with no interest. If you are savvy with financials and investing, you can earn more with the cash on hand than paying in full.
 

Illusionist_85

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1 lump sum is the best cuz u can save on the interest incurred like housing loans
 

Airplane88

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I only buy things I need. If interest free hire purchase, I will go for it.
 

kevinlaikf

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Decades ago, as a newly wed, and lowly paid junior executive, I used to buy my AV product for my new home, and learnt the hard way, paying about $12k for collective cost $8k over 2 years. I would let my brothers or sisters earn the $4k (probably less) if they could borrow me the same loan amount.

For example, $1k on a 48mth installment, u end up paying more than $2k, excluding any late payment penalty if any. Before 48mth, the item u purchase already technologically obsolete, may probably become unusable.

Its better save up and by the time you got the cash, you will be paying same for a better upgraded futuristic product. I would rather take a short term comfortable loan from family member or friends with return interest.

My 2c worth.
 

jq75

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if there is no interest on the installment vs lump payment, I will choose instalment. It's literally give you an interest free loan.
free up cash for more urgent use
 

zheng

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low interest and 0 interest debt are good debt to pay back as slowly as possible
 

Ahsyak

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Only go for 0% interest installment, other than that no
 

sharminzzzzzz

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consider rate of interest? if for credit card deals, have to keep tracking and make sure u pay monthly. but of cos if i have money i prefer lump sum. usually when in need of cash and dp installment, overtime i tend 'forget' about the additional money i have to pay the vendor or the bank. untill i look back at the bills.................
 
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