Interest Free Finance


Vision Direct

ai1

How much does Interest Free Finance really cost?.

I’ve never actually believed that Interest Free Finance has no cost, and today I was quoted for something, and I thought I would check how much the Interest Free actually was costing.

The repayments were quoted at about $48 per week for 3 years, a total of $7,563 with the Interest Free Charges added.

But they quoted a cash/credit card price of $6,800. That works out at an extra $763 if going with the Interest Free option…

That extra $763 in fees, charges or interest (whatever it is called) actually works out at 7.4561% per year (charged monthly), if called Interest.

It’s not a high rate, in fact it is reasonable. But it isn’t FREE.


These adverts help to pay for this site - ar7.


Agoda Hotel BookingsAgoda ar11
These adverts help to pay for this site - ar7.

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments