Do you have car finance?

[mrsbluesky5]

do you have car finance or save up and pay for the car outright? When I was younger I wouldn’t get car finance and I always saved money up to pay for the car outright. I’m married now with a mortgaged home and I have different priorities for large amounts of money. I got car finance for the first time recently and my family and parents have told me how disappointed they are and they think I should have saved up. I know im an adult but it’s upset me thinking they are disappointed and it’s left me wondering if I’ve made a mistake. I got a small car that’s 2 years old and I can afford the monthly payments and I’ll own the car at the end and then I could get another car if I wanted to and sell mine. I didn’t want to keep having older cars and I would like to have a reliable car as my commute is 20 miles round trip. Is getting a car on finance that bad when I would rather spend large amounts of money on other things?

Part cash and part car loan. Current one with Toyota is 2 years interest free credit. Definitely couldn't afford it without.

I took finance. I could have bought outright but I'm saving for a house.

I paid 50% cash and 50% zero free finance over 2 years on a 3 year old car. Could've paid in full but as it was interest free it made sense to keep some spare cash available.

I buy old cars outright and have had my latest one for about 10 years , always gets through the MOT, never paid huge amounts for repairs and cost me 2,800 after trading in another old car. Tax is a bit expensive but other than that it's been great. As soon as my garage says it's not worth keeping I'll get another oldie and fingers crossed it'll be fine.

Finance. I could have bought the car outright, but that doesn’t make sense financially. Interest rates are low or non-existent on car purchases. Leaving the money in my account and making payments instead is just prudent.

It's cheaper in the longer term to buy cars outright, but not everyone can afford to (or wants to) do that.