If you pay straight cash you won't have anything over your head. Assuming it's a pre-owned car it has already taken its biggest depreciation hit that it is going to so cash isn't a horrible way to go.
No interest financing is good as well as long as you pay it off on time; if you don't the assessed interest and penalties will make you wish you had.
Originally posted by Astner
Option 3. If you're a confident investor -- like myself -- then you can make more money off of the money you'll save. Or you could just put the money in a savings account and make money that way.
There were already 3 options listed.
Your option also fails to result in a car which makes it the worst so far.
Originally posted by Colossus-Big C
What exactlY do you invest in?
While I'm not much for risks, I do have a portfolio containing some of the shares that are essentially bets. Recent purchases in that portfolio include BL-Equities Horizon B shares, and SICAV AU C shares. The problem is that I don't always have the time to spend keeping up. That's why most of my money is invested in what you'll find in common funds here in Sweden. Because while the growth isn't as rapid, you can place your money there without having to worry about losing it.
Originally posted by Symmetric Chaos
There were already 3 options listed.Your option also fails to result in a car which makes it the worst so far.
it depends on your situation.
if you're a self made millionaire, covered in swag and bitches like astner, lay the 20,000 down and avoid the headache of payments.
if you're like the rest of us losers, put down what you can to lower your payments and shop around online for a low interest rate (if the dealer is not already offering under 2% or even 0% financing incentives.