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Chapter 253 Installment payment makes it easy for you
Installment payment is a sales method under the condition of market economy, due to the great abundance of products and even the oversupply of products. Its benefits to manufacturers are self-evident. Instead of a large number of products overstocking and occupying a large amount of funds, it is better to pay by installments. The method is to recover part of the funds first to expand reproduction.Moreover, interest will be charged on the payment received in installments in the future, so the manufacturer does not suffer.For consumers, if it is an urgently needed product and they cannot afford enough money to buy it all at once, the installment payment method can solve the urgent need.For example, people who wait for a house to get married can pay part of the money first, and then apply for a mortgage with the bank, and they can get married immediately.The loan can be repaid gradually within 10 to 15 years without affecting normal life.Otherwise, it will be too late to wait until you have saved enough money to get married.Therefore, for some consumers, buying goods in installments should be cost-effective.

Of course, if you have the ability to pay off the purchase price in one lump sum, you don't have to use installments, because this method requires payment of interest in addition to the price of the product itself.

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What is the best buying stage?The best time to buy is when you spend the most money and don’t lag behind in what you buy.The emergence of social commodities, especially durable consumer goods, always go through stages of development, research, small batch production, mass production, shrinkage, etc., and then another round of development and research... In the initial development and research stage, the performance of the product is not yet Stable, but very trendy. The cost of the product is high and the price is expensive. The market sales are gradually increasing, but the increase is not large. Products at this stage are not suitable for purchase.It should wait until it enters the mass production stage. At this time, the performance and quality of the goods will gradually stabilize, and the production volume will increase, and the price will drop.If it is not particularly urgent to use, it is best to wait a little longer, because its price has not yet dropped to the lowest level.

(End of this chapter)