Financing a new used car or paying for it straight up
Good morning Terry I’m in the market for a new used car or possibly new my question is should I take money out of my deferred compensation or should I just Finance it through the dealership or maybe put big chunk of money down and finance some of it please advise I know there’s a big tax on pulling out say $20,000 from my deferred comp is it worth it ?
Terry Says
Not sure if you’re talking about a new car, or a used car. Finance charges on teh latter are exorbitant. And these days, you’ll be paying top dollar for a new car as the threat of tariffs has taken away the best deals.
You say you’re “in the market” for a car. But the best advice is to stick with the old one if you can!
