When is it better to simply buy outright a new car, rather than finance it with a loan?
I prefer to buy new, and plan to keep the car long term.
I assume the thought process is that this is money I could either use to pay off a car, or put it back to pay off some of my mortgage. Is the math as simple as thinking the money should pay off whichever is at a higher interest rate? Like if I found a vehicle at 0% financing, would I be better to put the money back into my mortgage? Or if I found one at like 3%, would it be better to put it all towards the car?