How does 18 months same as cash work?

During the 18-month “same as cash” period you pay down your balance to $100. If the interest rate is 25 percent, the day that interest is charged you will have $125 added to that $100 bill. Instead of paying $500 for the audio, you’ll now pay at least $625 by the time you’re done.

What do 12 months same as cash mean?

This means, when you are approved for financing, you have one year without any interest or payments. Your payments will start after 12 months. Another benefit of same as cash financing is if you pay off the loan in its entirety within the 12 months, you won’t owe any interest on your project!

What does same as cash?

In retailing, same as cash is a term used by retailers to offer things which you can buy without paying any interest, usually within 30, 60, or 90 days, and occasionally six months. It is a deferred payment on purchases.

What is the catch for same as cash?

Simply defined, “same as cash” is when a customer uses a store’s in-house financing program to make a purchase without having to pay any interest. Individual “same as cash” plans vary, but they mostly allow interest to be deferred for a specified period, if the customer makes the minimum monthly payment.

How does 24 months same as cash work?

A true Same-As-Cash Loan is a short-term lending solution where no interest or monthly payment are required during a set “Same-As-Cash” period. Then, at the end of a predetermined period, the loan is paid off. So, in the end, the customer pays the same amount on the loan they would have paid up front with cash.

Is 90 days same as cash a good deal?

Here’s the catch, though: The 90 days same as cash finances is a type of deferred-interest financing arrangement that only works for your benefit if you pay off the balance in 90 days. If your balance isn’t paid in full in 90 days, the interest is backdated to the date of the purchase and added to your balance.

Is 12 months same as cash good?

This means, when you are approved for financing, you have one year without any interest or payments. After 12 months (or the period of time you designate) your payments will start, and you’ll be able to pay off your new roof or siding with monthly payments as low as $100*.

How does the 6 month same as cash work?

Make regular payments but incur no interest when paid in six months. The perfect choice for people who want to: Make six equal investments over the next six months and incur no finance charges.

Can you get a mortgage if you have cash?

If you get paid in cash you can still qualify for a mortgage. The most important thing is that your tax returns are accurate.