Question

Is financing something with 0% apr a bad idea if I can afford the monthly payments no problem? I have a 3 year old, I work outside of the home part time, my husband leaves for work VERY early and gets home right at bat sh*t crazy o'clock, and I NEED to figure out a way to get exercise in. I used to go to Orange Theory twice a week, but am working more hours now and it's just not happening. I am looking at the rowing machine equivalent of a rowing machine. I'm afraid of financing, but strongly considering making an exception for this. Also, my 3 year old has a lung condition and his pulmonologist has advised me not to take him to gym daycares during cold and flu season. Thanks!  

Answer 1

Have you tried any at home workouts (Like Beachbody? ) Statistics show most ppl that buy large workout equipment stop using it within a year. Its a huge investment that depreciates faster than a car. Also, depending on the financing it may make a hit to your credit in a negative way (finance companies are a negative in the scoring system). If you aren’t worried about either 0% is free money. Is it so expensive you cant set up a sinking fund?