I’ve got $10K for new camera gear but the seller has 0% interest for a year — is there any harm financing it?

Core Insights - The rise of zero-interest financing options is influencing consumer purchasing decisions, with 48% of Americans indicating that a 0% APR option would affect their choices [2] Group 1: Zero-Interest Financing Overview - Zero-interest financing is becoming more common among online retailers, allowing consumers to finance large purchases without interest charges [1] - Consumers are often tempted by these offers, even if they have the cash to pay upfront, raising concerns about potential hidden risks [1] Group 2: Potential Drawbacks - Missing a payment can lead to retroactive interest charges on the entire purchase, with rates exceeding 35% in some cases [4] - Research indicates that buy now, pay later (BNPL) financing encourages consumers to spend more than they initially intended, benefiting retailers and financing companies [5] Group 3: Considerations Before Use - Consumers are advised to evaluate their financial situation and consider potential pitfalls before agreeing to zero-interest financing plans [6]