Q: Is It Smart To Buy A Car With Cash?
A: Yes, it’s very wise to buy a car with cash. That’s the preferred way to get a car, in my opinion. You should also be able to get a better deal from a car company if you pay in cash – as opposed to financing or leasing a vehicle. Additionally, buy a used car (even if it’s only a year or two old) instead of a brand new car. As soon as you buy a brand new car and drive it off the lot, it depreciates in value anyway. So you might as well get the better deal (financially speaking) with a used vehicle.