Does that 0% pay over time loan make sense?
If you like to nerd out about enough money to buy lunch at a counterserve restaurant then this is the post for you. If you don’t care about effectively paying $18 less on a $1200 purchase then this is not the post for you. The short answer to the title’s question is ‘Only in specific circumstances.’ Let’s suppose that we want to make some expensive online purchase and the merchant offers 0% APR financing to pay for the purchase over time, literally buy now, pay later. It could be via themselves, Affirm, or some other company. To make it concrete, let’s suppose that we need a new mattress which costs $1200. How should we pay for it in order to minimize its effective cost? ...