Originally Posted by
Will Goes Boing
For most retail stores or GE financing for the "0% interest", if you read the SMALL SMALL fine prints, you will see that if you miss a payment, are late on a payment, or don't pay off the full balance by the 6 (or 12 month) time period.... ALL THE INTEREST ACCRUES at a giant whopping rate of 24.99% (or whatever crazy high amount).
So if you don't pay it off in time, or you accidentally miss a payment, you're taking it up the behind with sand as lube. I take it you're a younger guy and is new to this financing stuff, but I am telling you that you can get screwed BIG TIME.
Yea im younger. I have a decent bike .. i just want a more..decent..bike. Im currently financing some things. Its a good thing you guys informed me about all these PLOYS. GG Im just going to keep saving and atleast deposit half cash and finance the rest If I dont have enough saved by next spring.