Submitted by Baraba83 t3_10qa20y in personalfinance
Baraba83 OP t1_j6otoj5 wrote
Reply to comment by myusernamechosen in Buy a new-to-me car in cash instead of finance? by Baraba83
Thank you. Yes, been reading up on that. What about straight cash vs financing and paying off in 30-90 days?
myusernamechosen t1_j6ouox4 wrote
What's the benefit of the 90 days? You pay some amount of interest for what value? One time when buying a car there was a $500 incentive if you financed through the manufacturer. So I did and paid of the load within the first week. I made sure there was no clause in the loan that prevented me from doing so.
Baraba83 OP t1_j6ouxfv wrote
Exactly that...if there are some clauses that would call for that. The other reason is...juuuust in case the car falls apart 😂
myusernamechosen t1_j6p1baz wrote
A loan doesn’t help with that in any way
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