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.