When Is it Better to Finance a Car than Pay with Cash?

Posted: Friday, July 20th, 2018

If you have the cash to buy your next car outright, you might be tempted to pay the full value. However, if you want to upgrade to a more expensive model, you might consider financing the rest of the value. Find out more reasons to financing today.

Buying a Car Cash vs. Financing

If any of these circumstances apply to you, turn to Green Light Auto Credit for a low interest auto loan:

  • Liquid Assets – If you finance a vehicle, you’re paying it off over time, but if you pay with cash, you won’t have that extra money available in case of unforeseen expenses.
  • More Modern Features – If you have $5,000 set aside for a used car, but find a used model with more bells and whistles than your budget allows, you may want to finance the difference. You can still use the $5,000 for a significant down payment.
  • Credit Score – If you have a limited credit history, showing that you’re able to keep up with regular payments can help raise your credit score.

Find out More About Cash or Finance Advantages

Green Light Auto Credit is happy to help you decide which auto payment type is right for you. We can even help you find a great financing solution if you don’t have a license, but are looking to finance a car for a loved one with low interest rates. Call us at (800) 200-5551 with any questions or apply for financing online!