OB,Originally Posted by Ohio_Buckeye_1
If you choose the financing option with Courts, as with all unsecured loans anywhere on the planet, you will pay very high interest fees. This is not a Jamaican thing, or a Courts thing - but a simple economic reality.
In Jamaica, Courts opened up an option for people that was never available before. If you dont have the money to pay for something you want, and you really want that item, at least you have the option to get it at Courts. Most places this is not even an option. If you dont keep up on your payments the item get repo'd. You can go upstairs at the Courts in Sav and see all the items that have "Manager reduced" prices on them since they have been used and not fully paid for - they are the repo'd items. The financing "fees" cover the cost of all people who dont keep up their payments. You may not consider it fair, but when you dont have the money, the only other option would be not ever getting that item. Is that more fair - to never be able to have the item?
You want to bring down a TV to save money you would spend in Jamaica. By buying the item in Jamaica, you would help out the local economy. By helping the local economy, you help to create more jobs and higher wages. By creating more jobs and having higher wages, more people are able to pay for items that they would have to finance at present. By having more people be able to pay for items will increase the number of items available, increases competition and reduce the prices.
You are not the only one trying to save money by not supporting the Jamaican economy when you bring items into Jamaica. When you add all these people up, it does have a major impact on the local economy. So go ahead and save the money, but please remember that you are contributing to the lower employment, lower wages and lower economic status of Jamaica, a country that you say you have a home in. And you are helping to keep Courts in the business of offering a rent-to-own option....
