2006-09-21 09:04:48 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you have the money to buy it outright, buy it cash.
If you have the money but also want to establish credit,
finance a small portion of it and pay on a regular schedule.
2006-09-21 09:08:00 · answer #1 · answered by KrautRocket 4 · 1⤊ 0⤋
For credit purposes, I would put a large down on the car, choose the lowest APR, and finance it, Just to help build your credit.
But, if I had a choice, I would straight out buy a car to keep from having the monthly payments.
Good luck Hon!
2006-09-21 16:12:40 · answer #2 · answered by Gothic Martha™ 6 · 0⤊ 0⤋
Definitely buy it out right. Financing it makes the bank richer.
2006-09-21 16:11:59 · answer #3 · answered by aimstir31 5 · 0⤊ 0⤋
If I had the money, I would buy it instead of financing. But unfortunately most of us don't have around $20,000 floating around lol. But try and buy if you can. Good luck :)
2006-09-21 16:20:52 · answer #4 · answered by Katy 3 · 1⤊ 0⤋
sure if you have $16k to spend on a car go ahead and buy it. but for those of us who need to finance a car then its a good deal. if you are looking for something for a few thousand then go ahead and buy it.
2006-09-22 17:07:52 · answer #5 · answered by MiaDiva28 6 · 0⤊ 0⤋
finance it if you can get a rate below 3%
2006-09-21 16:07:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it is better to finance your car better credit score
2006-09-21 16:59:15 · answer #7 · answered by dejah2cute 1 · 0⤊ 0⤋
If you have the money pay it cash.
If not, try to get the best rate, usually in a credit union, but pay it as soon as possible so you build credit and you don't have to pay a lot of insurance as when you pay in credit.
2006-09-21 19:47:45 · answer #8 · answered by wazup1971 6 · 0⤊ 0⤋
Pay cash is always better than paying someone interest. Even if you had kept your money in the bank the interest paid to you is not worth it at this time.
2006-09-21 16:13:54 · answer #9 · answered by chickenger 3 · 0⤊ 0⤋
Buy it. No interest and you can get liability instead of full coverage.
2006-09-21 16:07:22 · answer #10 · answered by Mike Hunt 5 · 2⤊ 0⤋