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Another advantage of financing even though you would have had the money on hand is that you have more liquidity/the option of doing something with that money in
by chmod775 3y ago
Another advantage of financing even though you would have had the money on hand is that you have more liquidity/the option of doing something with that money in the meantime.
Also someone may have some assets they could turn into liquid cash if I really needed to but may not have a lot of liquid cash on hand, so there would be little risk in paying something in installments as long as their assets would be enough to cover it in a pinch.
- archi42 3y agoWhile liquidity is a reasonable argument, I only know this from "rich people doing things/investments"; e.g. not selling shares in your company when building a new house, or a company building a warehouse. I am not sure it actually applies to the cost of a phone. Chances are, if those matter, you'd be better off with a cheaper phone to begin with. (Substitute phone with other luxury articles).