Should I Pay Cash or Finance the Purchase of My Car?
If you’re asking yourself this question, you’re not alone. Many of our buyers at Don Moore Automotive face the decision of whether or not to pay cash for their car, truck, van, or SUV, or to finance the purchase with monthly payments.
Advantages of Paying Cash For Your Vehicle At Don Moore Automotive
It’s no secret whatsoever that the biggest benefit of paying cash for the purchase of your vehicle is that you incur no debt whatsoever when you buy. This gives you a dependable, reliable vehicle with no recurring monthly payments.
Benefits of Financing An Auto Purchase
Financing your car purchase offers a variety of advantages for buyers. For starters, if you don’t have a lump sum of cash to buy the vehicle outright, financing spreads the cost of the car out into manageable monthly payments. Breaking out the cost of the car into monthly increments can help make it more affordable in the long run for some buyers.
Many manufacturers also offer special interest rates and other incentives for buyers that finance their purchase. These can sometimes include special discounts that are not available for those that choose to pay cash for their vehicle.
Let Don Moore Go To Work For You
Whichever way you decide to go, Don Moore Automotive is here to help every step of the way. Whether it’s assisting you in a choosing a quality vehicle from our huge inventory of new and used models, or offering suggestions on whether it’s better for you to pay cash or finance your purchase – we’re here to help.