Earlier quoted context omitted.
“Courageous” If anyone has ever had to cancel a car sale you’ll realize how much of a hassle it truely is to “return a car” Your credit report will show a loan even after it’s been cancelled for weeks. I once cancelled financing for a car due to it not being as described. Started looking for a new car and found it. Got denied for a loan because my score showed a 60k loan with 0 payments made. It took almost 2 months…
> "financing for a car" ... "ding your credit score" To my mind the mere fact that someone would borrow money at all to buy _a car_ is a huge red flag against their creditworthiness / financial responsibility. But I keep reading online that people who otherwise seem pretty sensible do this as a matter of course. Is it possible that living in a city with functioning public transport has sheltered me to the point of na…
And as others have mentioned, if financing can be done for less than the value of the money in your pocket, it's better to finance!