Hi all. I’m interesting in selling my current vehicle, which is paid in full, and purchasing a used SUV. The price is right and I’m confident the car was well maintained.
The question becomes, should I buy it outright or finance it? I can get a 2.99% loan for 60 months from my bank, and because I’d be putting at least some cash down, the payment would be around $150.
Other than losing a bit of liquidity, are there any downsides to buying outright? Anything I should be aware of? I’ve only lease/financed before.
Thanks all :)
Submitted July 09, 2021 at 08:55AM by SimpleFrenchFood https://ift.tt/3wvCgqT
