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Reply to "Is it best financially to buy new car in cash?"
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[quote=Anonymous][quote=Anonymous]Sometimes they reduce the price if you use their financing. It could be worth it to take out financing then pay off the loan in a month or two. [/quote] +1 Did that 10 years ago just to save $2000. Took a loan for about 1/3 of the vehicle at 0.9% and paid it off the first month. Then had to wait to get the title documents back in my name not the banks. But it was worth the $15 interest to save $2K. Had it only been $500 savings, I would have skipped the loan process, as I had to unlock my credit to apply, since we typically don't use new credit and pay cash for most things or put on a CC and pay it off. Figured 1 hour of my time was worth $2000 in savings. [/quote]
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