Investing in a quality TV is one of the ways to make improvements to your living room. This will not only allow you to catch your favorite TV programs, but it also makes the living room lively. It can be a source of conversation between your family members.
You will want to make the right decisions before investing in any TV set. It is desirable that you take time and research different factors before spending your money on any TV set. From finding the best brands, determining the right size for your home, learning financing options, and even looking for the best dealers, research helps you settle a lot of puzzles.
Purchasing Samsung TV on Hire purchase terms
Samsung TVs have proved over time to be one of the most reliable products that one can purchase. When you opt to invest in one, it is desirable to determine financing options. If you have all the cash to purchase the TV, a cash payment will be the ideal option. If you do not have all the cash, a hire purchase is the best decision you can make. This helps you spread out payment over a long period of time. Check this article to learn the benefits of hire purchase in Nairobi.
Common mistakes people make with hire purchase deals
While hire purchase, or lipa mdogo mdogo, comes with many benefits, it is desirable to avoid these common mistakes that people commonly make.
1. Ignoring terms and conditions
At times, we tend to avoid reading terms and conditions when signing contracts. However, a hire purchase is a decision touching on your finances. Before signing the agreement, ensure that you understand all the terms and conditions. This helps you understand fines, payments, penalties, and other conditions.
2. Opting for a longer period of payment
One might be enticed by the low monthly installments when one signs a longer repayment duration. However, this only works to increase the total cost you end up paying for the product.
3. Late payments
Late payment of the installments is, without a doubt, one of the common hire purchase mistakes people make. After acquiring the Samsung TV after the deposit, one might ignore payment dates. Late payments attract penalties and thus increase the total cost of the product.
Defaulting is a lack of payments of the set monthly, weekly, or daily installments. This will lead to the dealer repossessing the product and you will lose all the payments you have already made.
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