Originally Posted by SandyD
my mom and dad just bought a 40" lcd for their bedroom ... financed it for a year ... at 0% interest. They COULD pay cash, but why?
The better question is why not pay cash if you have it? I'm sure your parents will be fine and can handle this but this is the attitude that has created the latest credit "crisis". People have built up massive credit card debt based on the attitude of "why pay now?" You're going to have to pay for it sometime. Why not pay now and then eliminate the risk of something happening and the interest kicking in.