DFS interest free credit - too good to be true?

dieselhead

Sorry to start another DFS thread but I didn't want to hyjack another one.

Currently I don't have a sofa, just moved into my first house etc so sitting on bean bags at the moment. I have seen a sofa in DFS that I really really like and it is at sale price too which is great.

I can afford to buy it by taking money from my savings however I am intrigued by their interest free option which dosen't seem to cost any more. If this is the case then surely I would be better of taking the interest free credit over a few months and leaving my savings alone to earn interest, but this sounds far to good to be true what is the catch?

staffie1

There probably isn't a catch. Just make sure you read the T&Cs when signing up. The total price you pay should match the total price advertised. So no interest, no "payment protection insurance", etc. I bought my sofa using one of these schemes. No payments for 12 months, then interest free for 12 months.
Don't forget sofa's (even when discounted in the never-ending "SALE") are over-priced in the first place.

kayl

I have used their interest free credit deal in the past, and there were no hidden catches.
I should say thought, that my FIL (who abhors credit) told them that he didn't want it for his purchase, and got a fairly decent discount for paying cash, so if you have the funds available, it might be worth working out whether, in view of the awful interest interest rate you are probably getting, this might be a better option