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

The Personal Finance Podcast

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Smart Strategies for Car Financing

The chapter explores the benefits of paying cash for a car and the financial risks of overspending on a vehicle, advocating for wise car purchases to build wealth. It discusses scenarios where financing a car with low interest rates might be beneficial for investing opportunities, while cautioning against using car purchases solely to build credit. Various financing options are highlighted, such as dealer financing and seller financing, with an emphasis on prioritizing wealth-building activities and understanding depreciation when making car financing decisions.

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