Purchasing in hire purchase versus taking loans and buying in cash

[Stardom22]

For me l have realized that it's a little bit cheaper to take a loan and buy in cash rather than buying the item in the hire purchase.
This is because the hire purchase model of buying is far way very expensive than the interests charged on loans.

 

[Springtime]

I prefer to use my credit card to make purchase. It's interest free if you pay your credit card on time, and you can get cashback.

 

[Stardom22]

I prefer to use my credit card to make purchase. It's interest free if you pay your credit card on time, and you can get cashback.

Unfortunately in my region the prepaid cards are not very popular. What we have are only the debit cards

 

[Suba]

If people choose punching in hire purchase and taking loan it means people do not have liquid funds either in wallet, mbanking or ewallet, if people have money of course they will choose buy in cash either paid with ewallet or mbanking.

 

[Stardom22]

In most cases the loans are very expensive because most of them charge higher interest rates for sure

 

[Augusta]

I will go for the one with a little or no interest rate. I might go for hire interest if the rate is minimal

 

[eLdavis]

I prefer having my own money to buy what I want to buy instead of taking a loan to buy what I want to buy.

 

[Min George]

All of them involve debts but if I have to choose one, I would prefer to go for the one that has the least interest.