Which is the better deal (financing related)?
My daughter is getting braces. The total cost of treatment is $3,712. I can put down $250 and pay $150/month. There is no interest on the payment plan. The other option is to pay in full up front for a 5% discount. As I ran the numbers, it seems that by keeping my money in an account earning 5%, I'd come out a bit ahead by paying over time. And if interest rates continue to creep up, I'd do even better.
Can someone else run those numbers and let me know what you come up with? Thanks.
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