Finance or Pay Cash? (rates, account, dollars, Texas)

[Texas User]

I am getting LASIK for my eyes and it looks like my insurance will cover just 25% which is excellent compare to other insurance companies.

So with the discount it will be $3,892.50 but if I pay all cash upfront then I will get an extra 5% off which would be $3,697.88.

I am also getting a promo offer for 2 years with 0% interest also but without that extra 5% off.
Which deal is better?

I was thinking since I am an investor in the stock market, I can avoid paying cash and invest that extra money in the market.

What do you think?

[texdav]

Can you make a Guaranteed 5% is the question.When I got mine done luckily mine covered 80% of cost and both i and the wife think its one of the best things we ever have done. Saved a ton of money on glasses and contacts in the last ten years besdies.

[Texas User]

Originally Posted by texdav

Can you make a GUArnateed 5% is the q

$194.62 would be that extra discount if I paid cash.

You mean make atleast $194.62 in the next 2 years?

[Texas User]

Originally Posted by texdav

Can you make a Guaranteed 5% is the question.When I got mine done luckily mine covered 80% of cost and both i and the wife think its one of the best things we ever have done. Saved a ton of money on glasses and contacts in the last ten years besdies.

80%? Who was that with? I thought it was considered cosmetic surgery? How much did you pay?

[h152cc2]

Pay cash if you have 6 - 8 months savings
No debt is good debt-- especially when it is only $3892

[Texas User]

Originally Posted by cyclone8570

Pay cash if you have 6 - 8 months savings
No debt is good debt-- especially when it is only $3892

Yes, this debt has no interest though. So its like I am getting time to pay little by little for free.

[h152cc2]

Originally Posted by Texas User

Yes, this debt has no interest though. So its like I am getting time to pay little by little for free.

Well then it really comes down to if you can make more than 5% on your money in the stock market within 2 years (which should definitely be possible-- considering it is for 2 years-- not 1!)

[Texas User]

Originally Posted by cyclone8570

Well then it really comes down to if you can make more than 5% on your money in the stock market within 2 years (which should definitely be possible-- considering it is for 2 years-- not 1!)

Or if I can play it safe and put it the $194~ into a savings account and hope the interest rates will go up a little and that will cover it also.

[proudmommy]

Can you use FSA dollars to pay for it and therefore use pre-tax money? If you are in the 25% bracket, you are saving almost $1000 right there.

[Texas User]

Originally Posted by proudmommy

Can you use FSA dollars to pay for it and therefore use pre-tax money? If you are in the 25% bracket, you are saving almost $1000 right there.

Good question. Unfortunately, I only have like $14 left in my FSA for this year. Moving forward, what I want to know is that if I can pay the minimum amount as no interest with my FSA for next year where the limit is $2,500.