on the never-never

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on the never-never

Having bought something using credit, with many small payments to make (with interest) over many years, as opposed to a single lump sum. Primarily heard in UK. Many people are finding themselves on the never-never as they are forced to use credit cards to afford necessary goods each month. Under the new scheme, a consumer could buy a brand-new car on the never-never and then just trade it in for a newer model in a year's time, with no repercussions.
See also: on

on the ˌnever-ˈnever

(British English, informal) on hire purchase (= by making payments over a long period of time): He bought a new car on the never-never.
See also: on