Cheaper kitchen or buy out right?

(7 Posts)
themummyway Fri 14-Aug-20 11:59:31

I've selected a new kitchen with all the bells and whistles (c. 15k) and was intent on financing it, however for various reasons my finance application has been rejected.

I won't go into why but what I will say is I didn't need the credit but thought it was good to take advantage of (interest free).

I can afford to buy the kitchen out right and I won't be short on cash

Should I go for a cheaper kitchen or just buy it out right?

OP’s posts: |
Cottipus Fri 14-Aug-20 12:14:50

Was the kitchen price higher because it was assumed you would get interest free finance? If so you might as well go with a cheaper supplier if you can get a similar quality kitchen for cheaper.

Or do you mean should you go choose a cheaper, lower quality kitchen? Depends on so many things like house value, how long you intend to stay, your financial situation etc.

themummyway Fri 14-Aug-20 12:33:15

@Cottipus It was higher because I've chosen fancy add ons that have boosted the price. Naturally, I was tempted by the interest free finance but I do love the appliances I've chosen.

The quality is meant to be considerably better than other ranges which was also appealing

OP’s posts: |
FenellaVelour Fri 14-Aug-20 13:43:56

Pay at least a small deposit on a credit card so you have additional consumer protection.
I’d still buy it if I could afford it, then put aside in savings the sum I’d have otherwise used to pay the finance.

JoJoSM2 Fri 14-Aug-20 13:53:55

Finance or cash - it’s still a 15k kitchen that you need to pay 15k for. Did you just carried away choosing stuff that was over budget because of the finance?

themummyway Fri 14-Aug-20 13:54:02

Brilliant ideas @FenellaVelour - especially re savings.

OP’s posts: |
user1471538283 Fri 14-Aug-20 15:16:27

I wouldn't buy it. Having bought an expensive kitchen in our last home we only got 3 years out of it before we moved. There are also much cheaper options around although good appliances are worth it.

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