Monday, November 16, 2009

Does buying a used car with cash net you a better deal?

I can pay for a used car with cash or I can elect to get a loan and just pay it off in full before the loan term, assuming no pre-payment penalty. What should I do? Thanks!

Does buying a used car with cash net you a better deal?
If you've got the spare cash to do it (meaning you're not dipping into other funds or emergency savings), it's always better to pay in full.





You won't be paying interest, which will save you money in the long run.
Reply:It's not necesarily going to get you a better price. But I would say that if can comfortably pay for a car free and clear, then why finance? But most of us would prefer to keep some of those cash reserves for other things. Check out this website to determine your best deals and their financing options:


http://www.find-cheap-used-cars.com/used...
Reply:the more you put down the better payment you'll have. just put as much as you can down, dont go broke, and finance the rest to build credit. the way the world is going you will need the good credit in the future.
Reply:There is no absolutely right answer for your question.Nonetheless,explorer the information here might give you some ideas.HOpe it helps.http://carloan.onlineidea.info/car-loan-...


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