Buying a Car: Top 5 Reasons to Pay in Cash

As of May 2019, the average price for a new car in the United States is over $36,000. Considering that's a high price tag, it should come as no surprise that most Americans choose to take out loans for a vehicle purchase. But if you have some disposable income, you might be asking yourself: Should I pay cash for a car? Here are the top five reasons why buying a car with cash is a good idea. 1. You Might Get Discounts When someone finances a car, this means the dealership doesn't get all the money upfront. This means they have to wait for monthly payments to come through for years. If you're able to offer the entire amount all at once, they might give you a discount as a token of appreciation. Also, they're more likely to take a lower deal to secure all that cash immediately...

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