GTM Performance Engineering: MHI Twin Turbo Kit Group Buy

cnock

This may sound stupid but with the second financing option do you get the turbo kit right away or not untill you have paid off the balance like layaway is?

mfeinst

Financing by definition implies you get the items right away and pay them off over time -- another party is providing you with the funds to purchase up front, and you, in turn, owe that money to the lien holder (which would be your financing source, like a bank). The longer you wait to pay off the outstanding balance, however, the more interest you accrue.

If you cannot repay the loan+interest in full, the lien holder has the right to repossess whatever property is in question because they are the owners until you completely pay it off.