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Should You Pay Cash or Finance A Car? (This May Surprise You!)

The Personal Finance Podcast

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Cash vs. Finance: Deciding How to Buy a Car

The chapter explores the debate on whether it's better to pay cash or finance a car, emphasizing the impact of depreciation on the total cost of ownership. It discusses the effects of post-COVID car price increases, borrowing trends in the US, and the negative consequences of long-term car loans on financial health. Listeners are urged to prioritize total cost of ownership, financial flexibility, and wealth-building activities when making car purchasing decisions.

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