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Reservations and preorders are just interest free loans
by duped 5y ago
Reservations and preorders are just interest free loans
- giantg2 5y agoAnd provide a more accurate minimum production estimate since people are actually putting down money to commit.
- BHSPitMonkey 5y agoThe "interest" is the value added by being in a queue so that you can get $THING sooner than if you didn't reserve a spot. Whether the value of the $THING (and having it earlier) actually justifies the opportunity cost of the deposit simply depends on the cost/thing/schedule and the buyer's wishes.