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Is it wise to buy a car with loan or to do it with cash?

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Is it wise to buy a car with loan or to do it with cash?




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.

Sub: #1 posted on Fri, 11/03/2017 - 00:34

ditchdebt ditchdebt

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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.

Sub: #2 posted on Sun, 11/05/2017 - 23:18

SC SC
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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.

Sub: #3 posted on Mon, 11/06/2017 - 04:21

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 33.32)

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: #4 posted on Thu, 11/09/2017 - 05:25

Phil Bradford Phil Bradford

(Posts: 166 | Credits: 16.94)

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