Any one here use this option? Is it worth using?
Do you make the payments on the American muscle website. I prefer making payments online.
Honestly, I wouldnt use a line of credit to buy mods for my car.
Nothing really new about this as far as a program. Even eBay has been promoting it for months. You spend $250. or more and pay it off over 6 months with no interest. However, if you don't pay the total within 6 months you will pay 6+months worth of interest at 19.99%! I do not recommend buying anything you can't pay for in 30 days. That's being financially wise which will pay off in the long run by reduced overall debt. Don't let the lure of paying for a big purchase over 6 months lull you into having to make payments you can't afford. Hopefully we've learned some lessons since the economic meltdown, in part due to American's putting too much on their credit cards. I see this type of a program helpful IF you take the total amount, divide by 6, and know that you can afford that payment for 6 months without affecting your overall budget. If not, do yourself a favor and save your money until you can pay for it in 30 days. JMO.
Honestly, I think that as long as you know you can pay it off in 6 months, do it! There's nothing wrong with financing stuff. That's how credit is established. That's why a lot of people would rather finance a car rather then pay for it straight up. It's all a matter of how responsible you are.
Any one here use this option? Is it worth using?
Honestly, I wouldnt use a line of credit to buy mods for my car.