Finance Your Next Car or Truck
Although both methods of paying for a car (cash or financed) have their pros and cons, we will be showing you some reasons why you might want to considering financing your next vehicle instead of paying cash. This is a common topic that a lot of our customers bring up and something that you really need to think about before looking for your next car. Read more about the benefits of financing here in Federal Way WA.
83 Vehicles Found
2016 Dodge Journey Crossroad awd 5k miles
2016 Hyundai Elantra Limited - NEW CONDITION - SALES PRICED
2015 DODGE DART SXT - A Dream To Look At And Drive - SALES PRICED
2015 NISSAN VERSA NOTE EDITION - LIKE NEW ONLY LESS MONEY
2015 VOLKSWAGON PASSAT - S EDITION - LIKE NEW INSIDE AND OUT
2014 Ford F150 FX4 - CLEANEST TRUCK EVER!
2014 FORD FUSION SE - ALL OPTIONS - LIKE NEW CONDITION -NOW ON SALE
2012 Dodge Durango Crew Sport
2012 FORD FUSION SEL - ALL OPTIONS AND IN NEW CONDITION
2011 CADILLAC CTS 3.0 LUXURY - ONLY 38K MILES !!!
2011 Mini Cooper Countryman S All4
2010 Chevrolet Equinox - LTZ - AWD
2010 Chevrolet Suburban LT
2009 Lincoln Navigator - Must See & Drive !!
2008 Jeep Liberty Limited Edition
2008 Jeep Wrangler Sahara Unlimited Edition
2006 ACURA TL - FULLY OPTIONED
2006 Ford Expedition
2006 Jeep Grand Cherokee - Limited
2004 Ford F-150 Heritage Standard Cab XL
2003 Toyota Sequoia Limited - 4 Wheel Drive
2002 FORD F-150 XLT
1990 Volkswagen Cabriolet HARD TO FIND IN THIS PRISTINE CONDITION
Reasons to Finance a Used Car Instead of Paying CashThe decision to own a car is simple but analyzing the best option for its payment is a complicated affair. The car dealer offers two modes of payment cash and finance. The option of paying in cash is a simple thing that involves one bulk payment and the car is yours. On the other hand, when you choose to finance your car, you are supposed to make small amounts regularly till the time the price of the car is recovered. However, financing a car carries numerous benefit too. It gives you the liberty to choose a better vehicle than you would have thought in your budget. As, you just need to pay the down payment upfront and get the balance schedule over a period of time in the form of installments.
Many people are of the opinion that purchasing a car with hard cash is a better option as there is no interest payment involved. When a cash payment is opted, the customer is asked to just pay the advertised price devoid of any extra charges. Moreover, if the savings interest rate is less than the after-tax cost of borrowing then cash turns out to be a convenient bet. However, the payment in cash doesn’t fetch you with too many options. Like buying a new model of a car, as it is difficult to pay high amount of cash on the spot.
Financing can prove to be advantageous if you stand a good reputation, as banks tend to offer lower interest rates to customers having good credit. The payment by means of financing even ensures that you don’t need to part way with the hard cash saved in your bank accounts for other payments and emergencies. This way you benefit more, as you have to pay less of interest and can even secure your money in cash form.
Customers can even enjoy the benefits of both the worlds by paying part in cash and part through financing. The more you pay in cash right at the time of possession of the car, the lesser you would be paying as interest and thereby have less of financing burden and more cash in bank account. Few dealers give an option of financing at zero percent interest rates, if you happen to come across such dealers then it proves to be quite good and easy on the pockets. In our day to day lives we have many other expenses to cater to, which require payment in cash. For necessities as such, it is important to have a healthy balance in your bank account. Financing lets you save the cash to cater to such expenses and free you of having a possible cash crunch.
It is important to note that which option might prove beneficial to you will depend on several conditions which includes your current credit rating, the interest rate offered, your cash balance, the vehicle one is looking to purchase , your daily expenditure and the loans you are repaying. The analysis of all these factor can help you reach a proper conclusion on to go for financing or choose cash payment for buying a vehicle.