Overhaulin'

what is cheaper to buy the car cash or refinancing?

Public Comments

1. Buy it cash
2. Cash no doubt. Dealers will give you some breaks and you won't have the years of interest to pay-off.
3. Don't be silly. Any type of financing invovles interest and fees! If you got, pay cash.
4. Assume you will finance and will have to put some money into the car, take the difference and try this test. If you can invest the money and make more over the life of the loan than it will cost you in interest, then it is cheaper to finance. At the end, you will break even or perhaps do better on the interest charges, and you will STILL HAVE YOUR MONEY! Using OPM (Other Peoples Money) is sometimes the smart thing to do. Yes, you pay for the privilege, but as I described above, sometimes it makes sense. Your call.
5. God Bless you... I sell cars...I negotiate a deal no differently when dealing in cash or financing...unless you tell me you are looking for a payment... Cash is ALWAYS cheaper in the long run...no interest, and you are never in a negative equity position...meaning you never owe more than what the vehicle is worth.
6. ALWAYS cash.