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Thread: Interest Free

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    Interest Free

    Hi, does anyone know any pool companies that offer an interest free period affiliation with a finance company? THanks
    11k gal inground plaster pool w/waterfall
    Sta-Rite System 3 300 sqft cartridge filter
    Sta-Rite P6E6E-206L 1hp pump
    Installed by previous owner that I'd like to remove:
    Ultra-Pure Turbo Shock Ozone Generator
    Lectro-Pure Magnetic Water Conditioner

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    polyvue's Avatar
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    Aug 2009
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    Sacramento, California USA
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    Re: Interest Free

    Quote Originally Posted by carleen
    Hi, does anyone know any pool companies that offer an interest free period affiliation with a finance company? THanks
    Don't they all? But that's a sure way to bankruptcy...
    14,555 gal in-ground 16'x29' white plaster Pool w/spa (2007); Goldline Aqua Logic AQL-PS-8 control w/Aqua Cell 15 Salt Water Chlorination (SWCG); Hayward TriStar 1HP (1.85 SF) main / 1.5HP (1.60 SF) spa pumps; Hayward Swimclear cart filter C4025, ColorLogic LED lights; Tankless SP-18-4 electric heater; Polaris 280 cleaner.
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    View of spiral galaxy in Ursa Major NGC6217 - Hubble Telescope 2009

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    TimS's Avatar
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    Sep 2009
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    Re: Interest Free

    Quote Originally Posted by polyvue
    ]Don't they all? But that's a sure way to bankruptcy...
    It's only a problem if you don't get it paid off by the end of the term. I've done this on quite a few large purchases. The only issue I've ever had was the latest one where the "minimum payment" shown on the bill would not get it paid off before the interest rates kick in. I also make sure that it's paid off a month or two early. On a 12 year, I'll pay it off in 10 or 11 months, just to be sure.

    The advantage, as I see it, is that inflation keeps going up, but by the end of the term, I'm paying based on last year's market. I've even done this when I had the money available to pay cash, just so I can keep earning interest on that cash during the term of the "loan."

    I know that a lot of people have really gotten into trouble with these things, but I look at these bills just like my mortgage and utilities; bills that HAVE to be paid each month.

    Tim.

    This topic has been locked because it has gotten off the topic of swimming pools. JasonLion
    24' AG Round (vinyl replaced 0909) - 13500 gal - Sand Dollar Filter (150lb) - Dynamo DYNII-N1-1 1HP - Hayward HP380 Heat Pump - TF-100.
    Central Missouri

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