- This means that you can leverage financing and simply pay off the balance before the term ends and you pay NO interest! For example, 12 Months Same As Cash gives you a year to pay off within 12 months, with no interest! If you purchase on a credit card – interest accrues quite differently!
- This method of financing makes even payments for a specific term. You make the same low payment for the designated period of time and pay off the purchase – much like a car loan.
Deferred Payments or Deferred Interest
- This simply means that the payments and/or interest are delayed to start later, at a set period of time.