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I recently went around looking for some couch’s for my Apt. I ended up at Ashley’s and found a couch that matched what I wanted. The salesman broke down the pricing and “applied some deals”. The original price was around 3200$ with the 5yr protection vs. the “deal” price at 2500$. I had no plans of financing and wanted to purchase the set at the Deal price outright but was told that the discounted price was only if I financed the set.
Now to my questions, Is it worth financing for the 700$ saved in exchange for the credit drop that will come with adding an inquiry?
If I finance would it benefit my score more to pay off over time or right away(No payoff penalty)?
753 FICO
No active inquiries 2 CC (17% utilization) 1 closed paid off Car loan No missed payments