Home › Forums › Housing › No Pmts 12 months? › A common trick at carpet
A common trick at carpet stores, stereo stores, etc is to say 1) “no payments for 90 days” or 2) “90 days same as cash”
Most people assume when they see #1, they will not pay interest, and when they see #2 they won’t make any payments for 90 days.
In fact, “no payments for 90 days” means after 90 days, you will pay the purchase price plus a boatload of interest.
“90 days same as cash” means – you will make three payments in the next 90 days. It doesn’t mean you can wait 90 days before paying anything.
The ad Doesn’t say “no interest” for 12 months so I would assume you get killed on interest the first year.
