The best option is to buy a
car with cash. The value of a car depreciates with time. There is no
bravery in paying interest on a loan when the value of car decreases.
I would suggest you to buy car
with cash if possible. Paying interest can drain your savings. Moreover,
auto loans are not tax deductible. You can also qualify for discounts if
you pay in cash.
cash would be the best
options. You might feel that it'll drain your liquid cash, but
eventually buying through cash will save a lot from your wallet. You can
also qualify for discounts if you pay in cash.
It's obviously better to buy a
car outright with cash! Actually car loans are secured loans. So, if you
default on your payments, your car might be taken away for good!
Sub: #1 posted on Fri, 11/03/2017 - 00:34
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