Is it better to buy a car cash or finance it?
Let's say i have the money to buy a new car, a honda for example. Is it better to buy it cash or finance it?
How is this even a question? Cash, obviously. Of course, this would also depend on your own financial situation. You wouldn't want to buy a car in cash and be broke.
If you have the money to buy it outright, then do so, since then you won't have to pay the interest for financing it. You can also take advantage of a 0 APR financing deal for a certain amount of time, and pay for it that way.
IF you can get a zero interest loan, it's better to finance and keep YOUR money where it will be drawing interest, plus, it helps your credit rating.
If don't have much of a credit history you need to build up your credit rating, it's better to finance.
The old "buy with cash and get a better deal" is no longer true. Dealers want you to finance, as they get a kickback when you do, so they will negotiate.
Cash is king. If you finance it you will have to pay interest but if it is low enough you can pay it and build your credit.
It's by far better to pay it off in cash instead of financing. It's a whole lot easier, too. You won't have that annoying monthly payment coming in every month, and believe it or not you actually save money when you pay it off all at once in cash.
Buy cash obviously
It depends upon how much interest you would have to pay to finance the vehicle and how much money through interest or investing you could make.
Stupid question.
Cash
If you can pay cash, you can't only negotiate a better price, you also do not have to pay the interest or make the payments for 5-7 years.
Cash is always best.
Buy for cash, only if you can ofc
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It depend.s interest if interest is high you buying cash
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