The Ultimate “Buy Now Pay Later” Scheme

Amar Pandit , CFA , CFP

We are all familiar with “Buy Now Pay Later” schemes. We come across them every day.

A typical pitch is “Want to Buy something. Don’t have the Money now. Don’t Worry. We have your back. We have a special 0% interest (and no down payment) offer for you.”

And this is Serious Big Business as we live in a world of instant gratification.

This insightful tweet however covers the Ultimate Buy Now, Pay Later scheme.

Everything comes at a COST. Sorry a PRICE. There is nothing called FREE (or CHEAP).

If we get something FREE or CHEAPER Now, we will have to Pay the Price for this Later (in some form).