How do you feel about financing?

[GREENBACK]

I don't finance many things but did finance a boat several years ago. It was a splurge and a complete want that I enjoy to this day. It was a deal where they knocked about 5k off the price. I could only afford it if I financed it so I went ahead and did it. I stiil came out slightly better than if I'd payed the asking price. No regrets on this one but won't do this regularly.
I buy everything with rewards cc's as well and pay at the end of the month.

[disneysteve]

It would be nice for that to be the case, but realistically, it can't be, because "3-4 months to pay off a large purchase" won't happen. Whether it's good or not, many people simply do not save for large expenses... vacations, electronics, or whatever. I do think a higher minimum would be better, but realistically I can't see it being over 10%.

I know. 25% is wishful thinking on my part. I think 10% would be a huge improvement. I'd vote for that.

[Alex_Adviser]

Well I believe in safe financing offers, like the one which has 0% interest. In my opinion finance depends on the Individual, the Object that it desired to be bought, the situation and most importantly the Borrower.

[Snave]

Actually I am talking normal purchases you were going to make anyways.

If I am buying a lot of items, I am okay with opening a card solely to get the discount. Its never been an issue, hasn't hurt my credit score and I have never carried a balance on a store card. Hence the option I picked. But I am aware most people are very much against that.

I try to be specific but sometimes I just don't pay close enough attention.

If this is what you intended for the question to address, then financing with interest would not be an option for me. If these are items you are normally purchasing, then there is no reason you should be financing these with interest (unless paying off cc in full - I realize this is technically financing with interest, but agree wit DS's statement above about paying in full). If you are financing everyday items, then you are living above your means. I don't consider a house or a car everyday items, so I recognize these would be financed with interest for most. I am talking dinners out, groceries, electronics, etc...