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Umnica [9.8K]
3 years ago
11

Why do people use credit to buy large items like a house?

Social Studies
1 answer:
Ksivusya [100]3 years ago
6 0

Answer: Saving up and paying cash may make it possible to negotiate a better price, or at least better financing terms. Use of credit may make more sense for a larger purchase, especially if it's something that appreciates in value, like a home—or if it means you avoid having to withdraw from a savings or investment account.

Explanation:

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