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Ever since I bought my first car, my answer nfc personal loans always been the same: zero. Yet, I invariably see friends and co-workers driving around in new cars bragging about the great terms they got on financing.
As you will see, great financing is always an illusion and you actually should never borrow money to buy a car. Cash is still king when it comes to purchasing your car. Reasons to Buy a Car with Cash. Financing Leads to Lost Discounts Auto makers love to attract customers with financing offers that sound spectacular.
One or two percent APRs are popular and zero percent offers are sometimes even options. The one thing many people forget, however, is that all of these offers come at the expense of a higher price. Read the fine print and you will most likely see that there is a rebate offered to buyers who decline financing.