Do you think it’s better to buy a used car in cash or finance a new car in payments?

[CAPTAIN-OBVIOUS]

New car

Used car

[Anonymous]

The financed used car will be higher in interest, and you’ll be making payments even when it’s an old model. Also, you don’t necessarily have the full story of the used car and how it’s been treated, but carfax helps.
Getting a new car in full is good because no interest, no credit checks. But the IRS will be investigating most likely. Obviously new loses value the second it comes off the lot, but I think it’s worth it if you are going to be treating it good. For example, the car that has been passed down for the past 11 years in my household was bought new and is still kicking (though parked since last week because of rear brake and rotors) at over 252k miles. You can’t really do that with a used car as much. If you get a reliable new car it should last a long time, since you know you’ll be keeping up with its maintenance for sure.

[Paris13]

Car Depreciates the Minute you Take it off The Lot (A New One anyways) and the Payments for even a Used One, Can Take you Broke. Paying in Cash you Don't Feel it Monthly. And it is Yours Right Away with a Title. xxoo

[Paris13]

Thank You for the MHO. xxoo

[OlderAndWiser]

A car which is 2-3 years old is a much better value than a new car. And not having a monthly car payment is a huge plus!

[Redstang88]

Have you looked at prices lately? Cars a few years old go for as much or more than new

[OlderAndWiser]

@Redstang88 Yes, in fact, I have been checking prices on used VW Arteons and Lincoln MKZ hybrids.

[Pudsmucker]

If you have the cash do the cash only. Also depends on the economy. I paid cash for both my cars. I didn't have to do all the finance paperwork and all the personal information that they want to know. It's none of their business where I get my money. Dealerships make money trying to have you finance. Sometimes they have a tendency to snafu and screw things up. I had that happen to me a few years ago and they start playing financial games. They sold my loan off to several companies before I finally caught up with it. So if you have the cash pay cash.

[Anonymous]

At the moment new. I always say it's better to buy used. But given the car market right now is still recovering from the pandemic used cars are outrageously priced. And regardless of the market keep in mind that dealers are always going to do what makes them the most money. Generally dealers hate dealing with people who pay in cash because there's less ways to nickel and dime you. And your avg consumer finances so thier entire game is built around giving you a deceptive monthly payment. "it's only X dollars a month". Then they upsell you a bunch of s*** you don't need or even want to make them more money on top of that. This is generally why I keep a car for about a decade. I HATE car dealers.

[exitseven]

Sometimes you can find a good used 2 or 3 year old vehicle that is just like brand new. Ford had a program where they get turned in lease cars and go over them and fix everything that is wrong. I bought 2 of these for my kids when they were in college. They had a full warranty and were American made, I had good luck with them

[Redstang88]

Depends what you can afford and what’s a priority, sometimes it’s worth the little bit extra to buy new and have the peace of mind. I’ve always had cheap used vehicles, but my shitbox daily is getting to the point of being so unreliable and spending so much on maintenance it makes more sense just to finance something new with a warranty

[OfMiceandMen]

I typically buy newer used cars because it goes back to the whole reduce, reuse and recycle. I prefer to get the full use out of the vehicle's life than buy a new one every few years

It goes back to my environmental background.

[OfMiceandMen]

Sorry, I tend to pay for the vehicle using my avion credit card to get the points and then slide the money over to pay the card off. No interest charges, then.

[DryGermanGuy]

I would never go onto debt to pay off a stupid metal box that often devalues faster than your payments.

[MementoMori777]

Used because you are enslaved to pay for a finance when a used you pay it all at once and you can sell or basically do what you want with it

[DizzyDesii]

I hate bills so i pay for stuff in full unless i dont have the option to

[HighValue]

Depends. Do you currently have any form of transportation?

[misogynistic_pig]

It is better to buy a new car, but not on credit.

[andreasderjuengere]

Do NOT enslave yourself to a bank or to a money system.

= remain to be a free person

[LiamJHayden]

Quality newer used vehicle where any issues are already well-known. New cars drop like a rock in value as soon as you leave the lot.

[YourExLover69]

New car with full payment if a own can afford. Is better option

[art84]

New car depending on. if it's cheaper than a used car.

[Iron_Man]

Buy it in cash

[mommymommymommy]

used in cash