Pay for a car in full, or do monthly payments?

I weighed my options to either pay for a car in full, or pay a certain amount and pay off the rest via payments. Which would be better?

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JoeyFoxx · 51-55, M

Depends on the interest rate and what you can afford and what you may need the money for in the next few years. If it’s above 3.5%, generally better to pay up front. But...

Spreading it out gives you more options for other purchases.

Is your earning potential going up soon?

Lilymoon · F

@JoeyFoxx blah blah blah 🤭

JoeyFoxx · 51-55, M

@Lilymoon right?

I should stick to talking to myself