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When the washing machine is out of order, and the budget does not provide for the cost of new equipment, there is a way out. We are talking about installments – a popular method of paying for goods of a high price category. You will learn how to draw up a contract in our article.
The concept of “installment plan”
This is an opportunity to pay the cost of the washing machine in equal installments. Such payment does not involve interest, unlike a loan. The loan agreement is drawn up by a bank employee, and the installment plan is drawn up by the manager of the outlet. A visit to a credit institution and a full package of documents are not required, since the installment plan is a simplified procedure.
The percentage for the transaction is paid by the store or the buyer. Please note that goods under this scheme may be more expensive than for cash. This is due to the fact that the supposedly missing interest is included in the price of the goods.
Important! An installment plan has a shorter repayment period – this is the main difference from a loan. The entire amount will have to be repaid within 3-6 months.
In the Russian Federation, you can buy a washing machine by installment payment for a period of 2-10 months, and the amount can be about 150 rubles. Some stores offer goods on similar terms as part of a temporary promotion.
Is there a down payment? It all depends on the conditions of a particular store – the first payment is not always provided. At some points, they ask for up to half the cost of the goods as it.
Convenience for the buyer in the speed of the procedure and the minimum package of documents. The store does not require a certificate of income or confirmation of a favorable credit history.
What are the benefits of installment
Advantages of partial payment for washing machine:
- The machine is yours now, and payment will be required later.
- Payments must be made at regular intervals in the same installments (for example, 5000 rubles each month, if the SMA costs 50 rubles, and the term is 000 months).
- There is no overpayment for the goods due to the absence of a bank commission.
- The deal is processed quickly.
- Often there is no down payment.
- Purchase online, on the website of the online store.
- No documents or guarantors needed.
Obstacles that await buyers of washing machines:
- The store may not draw up a contract and not explain the reasons for such a decision.
- Expensive goods are not always sold in this way.
- The store does not allow partial payment for the entire range – it can be a narrow range or a limited quantity.
- You need to deposit money on certain numbers to avoid penalties.
Note! For the store to approve the payment in installments, contact the store at the beginning of the month. Explanation: if the store has an installment plan, then the bulk of transactions will be carried out during this period.
Rules for issuing a washing machine in installments
To use this method, grab your passport or pensioner’s ID.
Attention! Installment payments are available to citizens of the Russian Federation from 23 to 70 years of age. It is desirable that the borrower has a permanent place of work, income, housing and official registration.
The rules for concluding a transaction are prescribed in the contract. Also in this document are the data of both parties – the buyer and the seller: from full name to painting.
When signing an agreement without interest and overpayments, read everything that is in the document. This is especially true for text in italics, small and translucent font. Pay attention to footnotes. The information that the seller is trying to hide in this way may include additional amounts and fees.
Check at the point of sale through which bank to make payments so as not to spend money on a commission. Learn also about online payment or early payment of debt.
Important! When making a deal, do not agree to insurance before the bank agrees to the request. If you refuse insurance earlier, the application may be rejected. If you are not interested in SMS mailings, unsubscribe from this service by checking the appropriate box.
Upon completion of the transaction, the seller is obliged to issue documentation:
- a copy of the contract providing for the sale and purchase of a washing machine on an installment plan;
- warranty card;
- receipt.
When registering a car in an online store with home delivery, the courier must bring a full package of papers. On the terms of self-delivery, you will receive documents in the store after assurance by a credit officer. Do not forget about the documents in the confusion, so that the joy of the purchase is not overshadowed by the absence of a coupon or contract.
What conditions do online stores offer
Before deciding where to buy a washing machine online, find out how to do it in popular online stores.
- Эльдорадо. Similar terms and conditions apply to promotions. Feature: modest assortment. The term of the contract is calculated for 10 months, 1-2 years. Plus: you can buy goods without a down payment and interest. In fact, there are percentages, but they are spelled out in the price of the washing machine.
Important! If you are offered insurance, you have the right to refuse it.
Installment is a carefully disguised loan with advantages and disadvantages. So think twice before signing such an agreement. If you are satisfied with the payment amount and its term, feel free to make a purchase, because you can live without a washing machine, but it is difficult.