Should You Get Shutters in East Meadow on Finance?
You want to get shutters in East Meadow. The problem right now is that you don’t have the budget for them. You’ve just seen that a local company is offering a financing option.
This financing could be at a low-interest rate. It may even be at 0% interest for a set amount of years. It sounds great, but do you really want to get shutters on finance? Is this really going to be worth it?
Can You Pay Off Before Interest Kicks In?
Before even thinking about whether getting shutters in East Meadow on finance is going to be worth it, you need to pay attention to the terms of the interest rate. If you see the 0% interest rate, keep in mind that this is usually for a short period of time. It’s generally a year or two.
If you can pay off the full balance before the end of this term, the shutters could be worth it. You’re not going to pay any extra for them, and you get to spend the money that you would have been saving anyway. You’ll start to immediately benefit from having the shutters in place.
When you know you can’t clear it off before the end of the term, you’ll want to avoid them. The interest rate that is added at the end of the term is usually extremely high. You’ll end up not gaining financially from having them.
It Will Take Longer to Benefit from Shutters in East Meadow
The point of getting shutters is to have an investment in the home. Once the shutters are placed, you’ll find your heating and cooling bills drop. You can also find that you reduce the need for furniture replacement as you have better control over the UV rays shining through.
If you get the shutters on finance, the interest rate is going to increase the cost of the shutters. This means it will take you longer to pay off the cost of your shutters. You won’t make the most of the investment right away, and you may never end up actually gaining from the investment depending on how long it takes you to pay off the loan.
So, you want to save up and buy outright. Skip the interest and let your savings work in your favor.
There Are Better Temporary Options for Window Coverings
Instead of the interest on the finance, you can opt for temporary window coverings while you save for shutters in East Meadow. There are some great options out there that will be affordable.
Yes, you’ll end up paying a little extra. However, this little extra is going to be less than the interest you’ll pay on your shutters on finance. If the cost of your temporary options is going to be higher than the interest, then you’ll want to opt for the finance instead.
Remember you can always keep your temporary options. Drapes, for example, are great secondary layers with shutters.
It’s time to look at your finances. Be honest about your ability to pay off the loan. Will the shutters in East Meadow on finance actually be worth it?
