Submitted by vvreditt t3_127vpg4 in personalfinance
Hi all,
Wanted to get opinions on buying a new car with cash vs finance.
We have about 20months of rainy day funds available AFTER paying for the car entirely with cash. Given the current market we're planning on holding on to cash instead of investing. With these factors is it reasonable to make a cash purchase?
Thanks in advance.
IceCreamforLunch t1_jeg0nqs wrote
If the cash is just going to sit there collecting dust you might as well pay cash for the car and avoid the auto loan interest.