Quote:
Originally Posted by areyouin729
this is pretty basic question if you ask me
if you have $30-40k laying around and dont need it why finance? doesn't make sense really
|
Indeed. But don't deplete all of your cash (I know you said it already -- I'm just reiterating). You want to make sure you leave enough behind to fund at least 6 months of expenses.
If you only have $40k in cash and are looking to buy a $40k car, I wouldn't pay all cash for it. I'd make a sizable down payment and finance the remainder with a short-term loan.