Hello Mabs
I am shopping around for a car and I have some savings stashed away, which I hope to use towards this purchase. Is it better to buy cash or finance a car?
Mabs Answers:
If you can buy cash without draining your emergency savings, that is wonderful. You avoid interest and monthly commitments. However, if paying cash leaves you financially vulnerable, financing sensibly can be the smarter route. Life happens. Keep some money aside for the unexpected. A car should give you freedom, not financial stress.
