Paying ininstalments • Summary: - What are the advantages and disadvantges of paying in instalments? - How many people in Spain pay in instalments and how many pay in cash? - Do we really know how much we pay when paying in instalments?
Advantages • You can pay a smaller amount of money monthly. • You can save some money and pay in instalments at the same time. • Sometimes you can choose how much you want to pay monthly.
Disadvantages • The company overcharges interests. • Even if the object breaks down, you must keep on paying it. • It can take you a long time to finish paying a purchase.
30% of consumers pay in instalments and 70% of them choose paying in cash. How many people pay in instalments?
Are we really conscious of how much we pay when buying in instalments? Television LG 37-LC55 37 • Paid in cash for 869,84 €
Paid in instalments: • 27,26 € a month during 36 months. • + 10% of interests 956,824 €
The difference: When you pay in cash 869,84 € Whenyou pay in instalments 956,824 €
CONCLUSIONS • More than 2/3 of the population prefer paying in cash