I am considering payment plans when it comes to buying large library's.
I have always been sceptical about payment plans cause you pay way more then if you just buy it out.
Is this true? THanks
Have you seen the section on payment plans at https://www.logos.com/faq ?
You pay a little more, not a lot. I do use them frequently.
It all depends on how important it is for you to purchase right now vs later and how long you have to keep paying. $6 a month isn't bad for a short time, but $72 for a year is getting spendy. How much are you saving?
I am considering payment plans when it comes to buying large library's. I have always been sceptical about payment plans cause you pay way more then if you just buy it out. Is this true? THanks
Dave Ramsey is against it: The Total Money Makeover Updated and Expanded: A Proven Plan for Financial Peace
I'm not personally as strict as Dave is, but his advice is always good.
I would say that *IF* you want to invest heavily in a Logos Library, wait until the absolute best sale possible.
Black Friday is coming soon isn't it?
If you do not already own Logos 10 full feature set, I personally would not recommend that anyone invest any significant money into Logos books. You will probably find in a few years that you could lease the expensive resources instead of going into debt.
I have always been sceptical about payment plans cause you pay way more then if you just buy it out. Have you seen the section on payment plans at https://www.logos.com/faq ?
Thank you, had not seen that.
In the past, it was convenient, but the fee was comparable to or higher than just putting it on a credit card. But credit card interest rates are so high now that it can be a good choice for someone who wants to make payments.
For a $1000 purchase over 12 months
Logos - $83 toward principle + $6 payment plan fee = $89/month, total: $1,072
Credit card at current average 28% - $96.51/month, total: $1,158
In the past, it was convenient, but the fee was comparable to or higher than just putting it on a credit card. But credit card interest rates are so high now that it can be a good choice for someone who wants to make payments. For a $1000 purchase over 12 months Logos - $83 toward principle + $6 payment plan fee = $89/month, total: $1,072 Credit card at current average 28% - $96.51/month, total: $1,158
Thankyou for the information.
I went ahead and did my first payment plan over a year. I got standard gold, leader gold and diamond preacher libraries. Really nice way to get more libraries with payment plans tbh.
I always always bought them out even how expensive before. Now i think i will do both ways of buying stuff in the future.
