I want to replace my old unreliable car for a new one (well a used one with a few thousand miles on - I’ve seen a 2017 one with 5 thousand miles on that I’d like) from a car dealer.
I have enough saved to buy it outright rather than enter into any sort of finance agreement. Are there any downsides of paying cash (or I guess cheque?) that I should be aware of?
The finance agreements (im confused by the different types) have interest rates of 5% or more and I’m never sure whether you actually end up owning the car and the limits on mileage or scratches etc In my mind it’s be simpler just to buy the car outright.
Any advice would be much appreciated! Thanks!