What does it really mean when stores advertise big ticket items as zero percent down. The mystery shopper armed with a hidden camera sets out to discover the truth about these fancy financing plans.

The experts warn that paying later is not necessarily an advantage for the consumer. They encourage the consumer to ask the tough questions and look for the hidden costs. Are there additional costs or administrative fees? For our mystery shopper it would have been cheaper to by without the zero percent financing.

Remember that these purchases are often made on the stores credit cards. Be aware of how high the interest rate is – it can be around 18 – 20 percent! If you do not think you can pay it off in time then it is definitely not worth it. Credit card debts, conversion fees and penalties just keep bringing up the price.