Quote:
Originally Posted by Dion
A little off topic but why are Canadian auto retailers advertising bi weekly payments as opposed to monthly?
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Good lord does that trend drive me insane.
But photon's exactly right. Same reason you're quoted monthly (or-biweekly) payments instead of total purchase price. So joe consumer sits back and says "Gee, only $350 every other week? I can afford that!" And yes, I think it works. Which is why you're seeing it more and more.
No different than the old line of "for less than the price of a cup of coffee a day". Break it down into small manageable chunks and debt doesn't seem that bad to most people.
/wrgmg