No 12 month interest free on Snowcheck!!

[Big D rmk700]

Got my 0% for 12 months and guess how much extra i will pay 11 months from now? Not a cent more then what I owed to begin with!!! Thanks for all of the support and those of you that do not use these programs are just letting them have your money a year earlier then you have too!!!

 

[judger101]

A little touch of jealousy I see. Like I said before, not sure how people justify financing toys. Any financially responsible person I know has the same view.

I agree with you that it isnt the best thing to finance spendy toy. I wouldnt say financing a toy is as extreme as you are saying IF that person has the rest of their finances in order. Everyone has their weakness. One person may finance a snowmobile as that is what they LOVE to do, one person may get a HELOC for $50,000 to renovate their kitchen. Houses can be money pits just like toys, heck look at the housing crash.

 

[Pro-8250]

The 0% is a trap. I bet less than 25% of 0% buyers actually don't screw it up and get tagged with at least one payment at the default rate. There are several ways to default. I did a few of these back when I financed crap and I set them up on auto pay from my bank account and used an account that wasn't my daily account. Still felt like I had a gun to my head for twelve months. NOTHING IS FREE... Read the fine print, the penalties can be very high. When it worked out I sure felt like I had robbed them instead of the other way around. Getting financial advice on SW is like getting snowmobile recommendations from your bank teller, lol.

Don't think of it as a trap. I would say it's more of a lure. The cure for that is called, AUTOMATIC BILL PAY! And even that doesn't cost you anything!

 

[sleddin pete]

Unless you can pay it off within a year at 0% and transfer to another card before the 12th month for a minimal fee

Polaris Starcard also offers

2.9% for 36 months
or
5.9%for life of loan

Of course if you qualify

These are rates from Polaris.com as of today.

 

[poman]

I agree with you that it isnt the best thing to finance spendy toy. I wouldnt say financing a toy is as extreme as you are saying IF that person has the rest of their finances in order. Everyone has their weakness. One person may finance a snowmobile as that is what they LOVE to do, one person may get a HELOC for $50,000 to renovate their kitchen. Houses can be money pits just like toys, heck look at the housing crash.

Truth here , How many folks spend thousands of dollars just to go on vacation for a week.
Priorities man ,its about priorities.

 

[Matte Murder]

Has anyone seen the fine print? I am just interested in how extreme the penalties are. Default interest rate etc. I looked on the Poo website and I couldn't find it.

 

[Super Sled]

It's like buying furniture or anything else -- you need to have it paid off by the expiration of the term, or a very high default rate kicks in.