Paying for a $6,000 TV by instalments might seem like a good idea if you are strapped for cash, but there is a financial sting in the tail - that TV could end up costing $16,600 if you pay for it over five years.
Or take a $1,500 washing machine - a customer could end up shelling out $4,600. And a $569 microwave? That could end up costing $2,000.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you