I am thinking of buying a new car in the next year or two (because it looks like repairs will soon cost more than the trade in value of my car). Because I hope to have a condo by then, I don't want to have both a mortgage and a car loan.

I would be able to pay for the car without taking out a loan, but I have several questions:

1.Is there any reason this would not be a good idea?

2. Would they need to do a credit check still, or special background checks?

3. Would it be better to just put a large downpayment and get
a smaller loan (which I could try to pay off sooner)?

Of course I would make sure to have enough for emergencies afterwards.

Any advice or suggestions would be appreciated. Thanks.

Auto Borrowing Associates

 

Finance your car here onsite if you need help buying one of these beauties :)

 

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