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Unformatted text preview: 0% purchase option on certain models. So many will buy a little more car than originally planned as the 0% = lower amount paid over 5 years (in some cases). Buying on a store credit card or store financing can be very expensive and during this recession it has changed peoples purchasing plans to lower priced more affordable items. So not a 60" TV but a more reasonable 37" as the interest on credit is too high so cash mostly for lower priced item. In conclusion, when making a large purchase, such as a car or a home, interest plays a large part in the way we decide whether to buy or not. These types of purchases are ones we will be paying for over a long period of time and obviously would like to know we arent paying more interest than the item is worth....
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- Spring '11
- Interest Rates