re: Financing vs. cash

Like it was mentioned above, you sometimes get a worse deal by paying cash. They make money off financing and might not give the best selling price if you pay cash. My advice is to keep that information in your pocket while negotiating price. Drop the cash bomb on them after finalizing price.

Back 20 years ago cash was king. You would get a better deal because they got the money immediately instead of having to wait a few days to get the deal funded. Now with ACH transfers at the speed of light, they would rather finance it.

There is nothing wrong with building some credit, but you have to do the math to determine what is financially best. Paying a huge downpayment and financing the rest (usually a min of $7500 for car loan) would be a good idea if you got a great rate such as 3.99% or lower.

Best of luck!!