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Pipes & Tobacco
General Pipe Discussion
would you ever "finance" a pipe purchase?
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<blockquote data-quote="somedumbjerk" data-source="post: 306283" data-attributes="member: 2666"><p>I would if the interest rate was significantly lower than what the money would make staying in my bank account. Lets say its a $1k pipe with 12 month interest free financing. I would do it. My bank earns around 2% so that $1k would earn money while I made minimum payments. Never buy more than you can afford to fully pay off this way though. It's like people who pay too much on taxes to get a return. If you put a few hundred away each month and use that account to pay what you owe, you get to keep the interest instead of Uncle Sam. Just gotta be careful with the balance.</p></blockquote><p></p>
[QUOTE="somedumbjerk, post: 306283, member: 2666"] I would if the interest rate was significantly lower than what the money would make staying in my bank account. Lets say its a $1k pipe with 12 month interest free financing. I would do it. My bank earns around 2% so that $1k would earn money while I made minimum payments. Never buy more than you can afford to fully pay off this way though. It's like people who pay too much on taxes to get a return. If you put a few hundred away each month and use that account to pay what you owe, you get to keep the interest instead of Uncle Sam. Just gotta be careful with the balance. [/QUOTE]
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Pipes & Tobacco
General Pipe Discussion
would you ever "finance" a pipe purchase?
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