The specialist showed which is the best option in the context of inflation, with a practical case, such as the purchase of a household appliance
By iProfessional
16/05/2023 – 19,28hs
Faced with an unwieldy economic outlook, including almost 109% year-on-year inflation, the Argentine peso loses value almost every week and consumers must become investment specialists to maintain their purchasing power.
In addition to looking at prices, Argentines must take into account which payment method should be used in each case, to save or even take advantage of the price increase to keep a profit margin.
In cash and with a discount or in installments?: this explained a specialist
“What is convenient in a context of high inflation? Pay in one installment, in cash and with a 10% discount or in three installments without interest,” begins the journalist and economics specialist, Julieta Tarrés in one of her Instagram videos,
And he explains: “If, for example, you had to change the television and you had to spend 150,000 pesos in a cash installment, with a 10% discount, you would end up paying 135,000 pesos. On the other hand, if you choose the option of the three installments without interest, you end up paying $129,155 for the television.
Why does this phenomenon occur? “This is because inflation ends up liquefying the price of the appliance”indicates the journalist from CNN Economía, received at Universidad Di Tella.
Finally, it suggests that the cash that we had at the beginning can be deposited in a fixed term or other financial instrument so that it yields while the installments are paid. In this regard, he comments: “Finally, if you chose the option to pay in installments, you will have cash that you were going to lose before buying it in cash. So You can use the Money Market and get an annual nominal 64% or a fixed term with an annual nominal 91% performance”.
Purchases with Now 12: is it better to choose an installment plan or pay in cash?
In times of thin pockets, the possibility of being able to buy certain goods or services in dues It is always attractive, since it allows a payment to be deferred over time that, if made in cash, may be impossible to do so. It is well known that for a long time the program Now 12 implemented by the national government that has a valid date until the end of June of this year.
According to the plan page you can buy “all products and services must be of national production”.
They can be “purchased online and in affiliated stores throughout the country, identified by the program poster in their windows, 7 days a week, with all the credit cards with which the business is affiliated.”
The terms range from 3 to 24 months, but everything will depend on the product or service that you want to purchase.
If the current rates are compared with those applied by the different credit cards, there is no doubt that this plan is more than advantageousbut on many occasions the question arises when making the purchase if it is the most convenient or if in the opposite direction, it is wise to pay in cash.
