 TITLE: Should I Finance or Pay Cash for a Car? CONTENT: Benefits of Paying for a Car With Cash\n--------------------------------------\nBuying a car with your own money comes with some distinct benefits. Some great reasons to use cash include:\n*   Your expenses and other obligations won't be affected by a monthly car payment.\n*   Since you're not dealing with a loan, interest won't be added.\n*   You don't have to concern yourself with qualifying for a loan.\n*   You won't get into—or add to existing—debt.\n*   It reduces the chance of overspending on a car that's priced outside your means.\n*   A car loan won't appear on your credit report, so it won't impact your debt-to-income ratio and your ability to qualify for other loans, like a mortgage.\n*   It prevents the possibility of being upside down on a loan, which can happen when you owe more than what the car is worth.\n*   If you run into financial trouble later, you won't have to worry about making your payments on time or defaulting on the loan.\nOwning your car outright generally makes you more financially flexible as well. If needed, you can cut back on the level of insurance you carry since a lender won't be requiring a minimum level of coverage, and you could sell the car if you need some quick cash. END