Photo by Sarmad Mughal from Pexels
THE SCENARIO
Everyone's familiar with the concept of shopping around - you have an item you want, you look for it a bunch of different places, and you buy the item at the place with the cheapest price. However, for bigger-ticket items, there's more at play than just the price tag - unless you've got a boatload of cash, financing details affect the total amount you end up paying, and it can be valuable to put your energy into securing good financing rather than haggling over every last penny of the price.
We'll do an example to see this concept in action, and we'll use a few assumptions when doing so.
- Everything will be 100% financed, so we're not going to worry about down payments
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