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Money and Finances
Reply to "How much are you paying for your car?"
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[quote=Anonymous]You are really facing two separate issues. First, can you afford the car. Second, how do you finance it (cash or loan). The answer to the second is easy: 0% interest means you should finance unless free cash burns a hole in your pocket. The first issue needs to be answered by you. Is a new car a better choice than used? That depends on your needs and financial position. My last car was purchased new for 16K about 4 years ago. Took a 5 year loan at 1.9% but could have paid cash. Payment is $273 per month. It's on autopsy and I ignore it.[/quote]
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