No life without Sun
I use my credit card for fuel purchase and other purchases. I will pay the bill every month in full. There also I will not opt for installments.
My suggestion to all is, if you can make down payment go for it. You can bargain on price also if you are opting for pay and buy.
After experiencing and calculating I have come to a conclusion that if you have the capacity to repay easily, and if the instalment buy interest rate is only slightly above the bank deposit rates, then paying by EMi is preferable . But if the amount is very low it is better to pay ready cash and forget.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
For me, I will opt for installments without availing bank loans like personal loans or loans from lenders. Suppose, if I want to buy that ASSIC Bitcoin mining super computers and heavy duty CPU machines then I wouldn't be able to pay for that machine in one go since the machine is very expensive and way beyond my budget. But, I know that this will certainly return me a good profit and I would be able to recover the capital, interest and profit in short estimated time. I would go for that but if I feel like, it will surely gain nothing or will take time to repay the loans or interest then I wouldn't venture on that knowing that will put me in jeopardy of lose.
Proper research and estimation is the Key to focus before we take risk especially while opt for loans and installments.