How to weigh monthly payment, total interest and opportunity cost before you decide.
There is no universally correct answer, but there is a right answer for your situation.
The case for financing Financing keeps cash available for emergencies and lets you buy a better-maintained vehicle sooner. If the rate is reasonable, spreading the cost can be the smarter money decision.
The case for cash Paying cash eliminates interest entirely and removes a monthly obligation. If the purchase does not strain your savings, it is the cheapest route.
A useful middle ground Many buyers put a substantial amount down and finance the remainder over a shorter term. Use our payment calculator to model each scenario before you apply.
What to compare Look at the total cost over the life of the loan, not just the monthly payment. A longer term always looks cheaper per month and costs more overall.
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