Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

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?
This page is a permanent link to the reply below and its nested replies. See all post replies »
Idk how much they want for the car, but if it were me I'd put 50% down & finance the rest unless the interest rate was too high. Put the other half of the money in your "rainy day fund". Besides you don't want to pay a car off right away. Dealerships (reputable) give a year warranty so if it's a lemon you have legal recourse.