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Updated 11 days ago, 12/07/2024

User Stats

257
Posts
66
Votes
Wendy S.
Pro Member
  • Ellenwood, GA
66
Votes |
257
Posts

Buying new car cash vs financing

Wendy S.
Pro Member
  • Ellenwood, GA
Posted

Is it best to finance a 2023 Honda $38,000 or pay cash?

If financing, is it better to get a bank loan or finance at the dealership?

Background

Car is not for me but mid twenties daughter who I partner with to buy real estate. I quit my job 2022, live off rental income and we house hack a large 3 level house with rents totally covering mortgage.

She has excellent credit and six figure yearly income. Only mortgages as debts which are covered by rents.

P.s. I'm supporting the new car decision. You have to enjoy and reward yourself sometimes. Not always about frugality.

  • Wendy S.
  • Loading replies...