Some sales places pay their guys more on securing a financing deal than the actual product being sold, and the buyers only consider what the monthly payment is and don't pay a single thought towards what the total amount they will end up paying.
Yeah, For anyone too lazy or dumb to do the math.
If you are getting a Loan for anything and you do not pre-pay and "over pay" the principal. You are paying at a minimum 2x what the actual cost is.
Ex. You get a loan for 1k to buy a fancy bike. If you just pay the required minimum and you got a "good" rate. That bike is going to cost at a minimum of 2k over time.
It is worth it to save and buy in cash rather than finance something.
[edit] Oh, Also. Its fucking retarded to buy ANYTHING that is a depreciating asset on "credit". Good example, A TV. It might cost 1.2k today but the minute you take it out of the box its at best worth $600. Give it 3 years and now its probably worth 200$ (at best). If you put that on credit or financed it? You fucked yourself in a huge way.
There are very good reasons that our ancestors forbade usury.
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