Isn't a repayment plan is when you take the product home and can slowly pay it off with or without a higher interest rate? Cause all I find are repayment plans making you apply for a credit card.
Repayment plan
DEvok on 21/09/2013 - 18:22
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do there never been something which can be taken home straight off and can pay by cash or whatso ever before? Always thought, u can sign for something and pay off how ever u wish.
you're gonna pay and pay and pay for anything with a repayment plan. it will end up costing maybe upto double the price.
try and buy it outright or second hand
what are you looking at getting?
I think at some stage one or some of the major retailers were offering Lay Buy terms, but you could take the product home immediately. Not sure if any of them still offer that
Toys R Us used to have what they called Play Buy, where you paid the item off and take it home, it still involved a credit card because the payments were taken from one.
Many many years ago stores had their own accounts (David Jones still do but it is now linked to an AMEX credit card/account) with a payment plan but I haven't seen those in many years.
yeah thats how it works now. The repayment is not done to the store, but to a credit institution. Standard practice from what I can tell.