Is it Better to Buy Things on Installments

1. Is it Better to Buy Things on Installments? posteezy.com/it-better-buy-things-installments Buying luxurious stuffs on installments is trending nowadays, as mostly every luxury thing has the option to be purchased on the EMIs such as there is option of Computers afterpay and many more. You will find various advantages and disadvantages of buying things on installment basis. Before deciding whether to opt for this or not, you must first understand the pros and cons of it. You will get more insight if you read about this from various sources. Once you know the pros and cons of this method of purchase, then you can decide whether it is better option to purchase things on installments. Advantages of Buying on installments The advantages of this method are very obvious. One of the advantages is that you do not have to pay for it in full amount in one lump sum. You can choose to purchase things for a specific period, say one year or five years, and you can pay for them as per your convenience. So, you do not have to pay more every month. There are many advantages of this method. Therefore, you must consider whether this is a better option to purchase things on installments. Another advantage is that you do not have to go through the hassle of paying for it on a regular basis. If you go for regular installments, you will have to pay the full amount to the lender every month. If you opt for the installment method, you can buy things at your own convenient time and can pay for them at your own convenient time. This is a great advantage as you can decide when you need to purchase things. Disadvantages of this Method: On the other hand, the disadvantages of this method are also evident. One disadvantage is that you may not be able to make regular payments for the installments. If you do not make regular payments for the installments, the lender may harass you and may ask you for the repayment. So, this is not a permanent disadvantage of this option. There is a more serious disadvantage and that is that if you fail to make regular payments for the installments, the value of your house may decrease. 1/2

2. Your lender will not agree to give you the same kind of house if you have not paid off the loan by the due date. So, one thing you should know clearly is whether you are planning to buy things on regular payments or not. This is very important. You will also have to know whether you are going to buy things in the future or not. This is very important. Many people prefer to use this method of getting finances because of the advantage that they get from this method. But the people who are planning to buy a property always have to make a regular payment because it is very important. No matter how much you pay, you will have to pay back every month. Thus, this is not an advantage for all. You need to decide whether this is something that you want to do or not. Tags Computers after pay 2/2