Should I finance or pay cash?
We have calculated the cost of financing your car by computing your total payments throughout the life of the loan. If you expect to sell or trade in the car before you finish paying off the loan, we have included the final payoff in our calculations.
We assumed that the money you save on car payments will be invested at the savings rate you indicated. We assume the interest you earn on your savings is taxable and that your car will be for personal, not business use. If your car is used for business purposes, special tax benefits, which are not part of these calculations, may apply.
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