> I took Spanky's advice and financed my new $13 mug for 10 years.

Pages: 1

........................................................................

.,
#1 2019-05-26 23:03:50

I took Spanky's advice and financed my new $13 mug for 10 years.

If I miss a single payment I'll have to pay a $50 penalty - but not to worry - I've set an alarm on my phone. It wakes me up every hour to login in and check that I'm not late on the payment.

........................................................................

Randi
#2 2019-05-26 23:05:37

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

OMG! No brainer.

........................................................................

Suck it Liberals!
#3 2019-05-26 23:10:31

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Service plan???

........................................................................

.,
#4 2019-05-26 23:16:48

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Suck it Liberals! wrote:

Service plan???

What sort of question is this???

Of course they send a guy (within 2-3hrs) to come and fix or replace the mug if there's an issue.

........................................................................

Cumbnutz
#5 2019-05-26 23:18:04

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

., wrote:

What sort of question is this???

Of course they send a guy (within 2-3hrs) to come and fix or replace the mug if there's an issue.

That's quality.

........................................................................

RockHardConservative
#6 2019-05-27 00:02:35

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Smart business decision. 

........................................................................

Spanky
#7 2019-05-27 00:15:32

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

There is nothing that shouldn't be financed if the financing is 0%.

........................................................................

RockHardConservative
#8 2019-05-27 01:17:23

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Spanky wrote:

There is nothing that shouldn't be financed if the financing is 0%.

Nobody ever got rich financing anything at 0%.

........................................................................

Tom Leykis
#9 2019-05-27 01:30:33

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Spanky wrote:

There is nothing that shouldn't be financed if the financing is 0%.

We know how that game works. 0% financing, as long as each and every term is met.  In the background, something like a 36% APR interest is accruing from day one.  Meet all the terms, pay it all off on time and you get the interest charges reversed.

Of course, they're betting that you fuq up somewhere along the way.  A surprisingly high percentage of people do. In that case, NO PROBLEM!  Your loan is recast to a longer term, with the accrued interest added to the balance to be paid off.  You just wind up paying a boatload of extra money.

We have actually used the "0% financing" a number of times.  In each case, we met the terms and actually DID get a free loan.  It really doesn't add to the cash price, as they plan to profit when you fuq up.

We didn't fuq up and, for all the disagreements I have with The Big Guy, I think he's smart enough to not fuq up, either.  Keep the cash in the bank, and be smart enough to get the free loan.  Even if you don't need it.

........................................................................

Sockpuppet
#10 2019-05-27 01:37:39

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Tom Leykis wrote:

We know how that game works. 0% financing, as long as each and every term is met.  In the background, something like a 36% APR interest is accruing from day one.  Meet all the terms, pay it all off on time and you get the interest charges reversed.

Of course, they're betting that you fuq up somewhere along the way.  A surprisingly high percentage of people do. In that case, NO PROBLEM!  Your loan is recast to a longer term, with the accrued interest added to the balance to be paid off.  You just wind up paying a boatload of extra money.

We have actually used the "0% financing" a number of times.  In each case, we met the terms and actually DID get a free loan.  It really doesn't add to the cash price, as they plan to profit when you fuq up.

We didn't fuq up and, for all the disagreements I have with The Big Guy, I think he's smart enough to not fuq up, either.  Keep the cash in the bank, and be smart enough to get the free loan.  Even if you don't need it.

Yes. I keep a detailed spreadsheet and track things monthly. I currently have about 5 0% financing plans under management.

........................................................................

Cumbnutz
#11 2019-05-27 01:39:51

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Sockpuppet wrote:

Yes. I keep a detailed spreadsheet and track things monthly. I currently have about 5 0% financing plans under management.

Substantially.

........................................................................

Tom Leykis
#12 2019-05-27 02:38:02

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Sockpuppet wrote:

Yes. I keep a detailed spreadsheet and track things monthly. I currently have about 5 0% financing plans under management.

I have no idea what that means, but you have to watch the details closely.  We did 2 roof jobs that way, and they worked out well.  My wife financed her vehicle that way, and it worked out correctly as well.  When we went to reregister it in Idaho, there was some lienholder nonsense, so it just got paid off and went away.

We currently have ZERO debt.

........................................................................

Sockpuppet
#13 2019-05-27 02:45:45

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Cumbnutz wrote:

Substantially.

Completely and in totality.

........................................................................

time is the master
#14 2019-05-27 03:17:30

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Sockpuppet wrote:

Yes. I keep a detailed spreadsheet and track things monthly. I currently have about 5 0% financing plans under management.

........................................................................

.,
#15 2019-05-27 05:28:32

Re: I took Spanky's advice and financed my new $13 mug for 10 years.

Tom Leykis wrote:

We know how that game works. 0% financing, as long as each and every term is met.  In the background, something like a 36% APR interest is accruing from day one.  Meet all the terms, pay it all off on time and you get the interest charges reversed.

Of course, they're betting that you fuq up somewhere along the way.  A surprisingly high percentage of people do. In that case, NO PROBLEM!  Your loan is recast to a longer term, with the accrued interest added to the balance to be paid off.  You just wind up paying a boatload of extra money.

We have actually used the "0% financing" a number of times.  In each case, we met the terms and actually DID get a free loan.  It really doesn't add to the cash price, as they plan to profit when you fuq up.

We didn't fuq up and, for all the disagreements I have with The Big Guy, I think he's smart enough to not fuq up, either.  Keep the cash in the bank, and be smart enough to get the free loan.  Even if you don't need it.

I've always wondered if the credit card companies hate the option for auto-pay since I never miss a payment. Back in the day

I used to waste my time like Spanky having to manually log into each account and see if there's a balance or bill to be payed. Now I just get an email reminder letting me know my bill is going to be paid on xx/xx/xxxx. Occasionally I review the transaction log, but since I get txt alerts for every transaction that's kind of a waste of time itself.

........................................................................

Pages: 1