insurance

[simon1987]

hi

does anyone know if its possible to do say a large initial payment for lower monthly payments?

or if its possible to do block payments?

obviously it will vary company to company i was just wondering if anyone has asked for this and how common it is and did they let you

[sealtt]

I've never seen anything other than 2 options:

(1) Monthly payments
(2) All up front


You could just borrow the balance from someone else to pay the insurers up front and pay the person back at a smaller monthly rate. But seems a rather complex way to go about paying for insurance unless your family would do it to help you out.

[Al U]

As reply above, but do it with an interest free credit card.

[M3DGE]

simon1987 said:

hi

does anyone know if its possible to do say a large initial payment for lower monthly payments?

or if its possible to do block payments?

obviously it will vary company to company i was just wondering if anyone has asked for this and how common it is and did they let you

I would avoid all company or broker payment plans like the plague, APRs tend to be 20%+. The credit card option is definitely the smartest.

[ging84]

a lot of the brokers offer you all sorts of payment plans

I've had 1 offer for the payments to be made in 2, 4 ,6 or 10 payments
But i've learned it's generally cheaper to just stick it on a credit card than use one of these 3rd party payment plans

[motorhole]

Al U said:

As reply above, but do it with an interest free credit card.

I nearly always do this. Manage your own payments, over a year or less, without any interest charge for not paying up front.

[sday12]

I've been offered 3 monthly at 0%

Bridle.