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Unless you are wealthy do not pay cash for a car. With good credit you can get a good interest rate and save your cash. If you keep your cash in the bank you can be looking for a house that fits your needs. If you pay cash for the car it will be hard to save up the money again (since you no longer live with Mom and Dad). The amount of money you will be saving on interest does not make it worth depleating your bank account.
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