A large chunk of your savings is tied up in a depreciating asset.
You hate debt, have a massive "rainy day" fund, and plan to keep the car for a decade. buy or finance a car
You will end up paying more than the car’s sticker price. A large chunk of your savings is tied
You avoid monthly interest charges, saving you thousands over the life of the car. have a massive "rainy day" fund
That cash could potentially earn more if invested elsewhere. Option 2: Financing (Auto Loan)
You might be able to afford a safer, more reliable vehicle than you could with just cash on hand. Cons: