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Depends on the something. Inflation as it is today, the price of a new something in 12 months might be up 6% or more over those 12 months, but you're locking in the price today.

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Locking the price in is only a guaranteed benefit if you 100% will end up buying it and the price does go up.

If the price goes up, then someone will buy it at that higher price. That's what a price is.

If someone else buys it then you're not spending anything.

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