Is it better to pay cash for a car or finance it?

Pay cash or finance your car — which is better?

It depends!

Paying cash means no monthly payments or interest — total peace of mind and savings. 

Financing can help if you want to keep savings intact or snag a low/0% APR deal. Plus, timely payments can boost your credit.

Pro tip: If your loan’s interest rate is way higher than what you’d earn investing your cash, paying cash usually wins. But if you get a cheap loan and want flexibility, financing might make sense.

Do the math and choose what fits your financial goals!