Quote:
Originally Posted by TrevorxTravesty
I'm not financing anything ever again. I'm buying my Camaro outright so I don't have to worry about car payments ever again. I also currently live with my grandparents and I have two jobs that pay very well so all of my money is going right into my bank account and being saved up until I have enough to buy my car outright  I live in Utah also so the taxes on cars here is way cheaper than California where I'm originally from. But after I get my Camaro I'm going to move back to California because this isn't the place for me and I miss it. I only came here in order to save up for my car lol |
Take the advice from Chuckie, he is trying to help you for down the road later in life. If you finance it and pay on it you are using someone else money plus improving your credit rating, yes the interest rates will be higher but you need to think about the big picture. There might come a time that you want to buy a home , property or start your own business and your credit rating will be the deciding factor. I remember when I was 18 that I found a 75 Camaro that was for sale and I had cash to buy it, but my father made me go with him to the bank and apply for a loan with him co signing to get the car. Man I argued with him the whole way to the bank not wanting to go that route, but the next time I wanted another car I was able to get credit on my own.