What do they mean by "90 days same as cash" at furniture stores?

Answer 1

no interest for 90 days....

Answer 2

They are offering you the opportunity to take the items you are interested in with the understanding that if you do not pay the bill in full by the 90 days you will pay interest on the purchase. They are counting on you not paying it all in 90 days because they have an accelerated interest program that rivals a credit card. Regardless, if you enter a store with cash, you can create all kinds of good deals if you can deal with the higher ups. They see cash and they recognize that their commission is going to be going home with them at the close of business day. In other words, 90 days is NEVER the same as cash.

Answer 3

in reality it means, they are going to check your credit and if you qualify they will let you pay off the purchase over 90 without any interest being charged. However 99% of these offers accrue interest from day 1 if you do not pay the balance in full, every last cent. SO if you owe them $1 on the 91st day you have to pay interest on the whole balance for 90 days. Also the interest rates are usually in the high 20%'s or 30%'s. Even if you do pay it off in 90 days you probably overpaid, they offer these "deals" to trick you into spending more than the item is worth by marking them up from day 1 and with the hopes you will overspending by buying more than you wanted since you don't have to pay for it right away and then when the 90 days comes due they hit you again with high interest and fees.

Answer 4

On the face of it, it means that you would not have to pay interest on the amount of money you're spending. However, there is no mention what the interest rate would be after the 90 days. You would need that to be spelled out for you. You would also need to know whether you would be able to come up with the money in 89 days. Otherwiese, whatever the interest rate and how it would be compunded would be quite important.