My sil and I had a discussion on this very same subject one time. She buys EVERYTHING through these people and I cannot get her to understand that if you do the math you are paying 300% higher for the item than if you save up and pay for it.
At that time she needed a washer and dryer. She had access to her daughter’s next door and had been using that. I suggested instead of running out to RAC and paying three times the price she continue to use her daughter’s units while she put that $29.99 back in a jar or something to save up for a used washer and dryer (which often is what you are getting from RAC—she even admitted that) and in the mean time watch Craig’s list for a used unit, CHEAP!
You would have thought I was asking her to kill her child! She just went bonkers. NO she needed the unit now and they would deliver it tomorrow. I asked her what the price of the units would be and she told me, I nearly fell over in a faint. First of all their list price was higher than any retail store for new units, for a used unit. Then when I showed her the math on the “easy payments” totaled more than that list price, plus there would be the “buy it now price” at the end of the payment period. All in all it worked out to be a 300% mark up at new unit price for a used unit.
She wouldn’t listen. Even when I showed her on Craig’s list much nicer models people had listed for less than half the original price. It was sad. Her excuse was she couldn’t keep using her daughter’s machines for a month or so while she saved up because it was “inconvenient” to carry her laundry next door once a week. She also told me I didn’t know what it was like to be poor—don’t even get me started on that one. That they were the only place she could buy on time because they were so poor. My tongue was so bloody that day from biting it. Just remember she and dh had the same parents and had all the same opportunities in life. She came so close to getting my “choices” speech that day. But I knew she wouldn’t listen.
She has seriously furnished her entire house through these people, including computers, appliances, riding lawn mowers and everything else. Then wonders why she has no money.