Released: May 20, 2012

Buying a used car for cash could provide a windfall in the long run

Source: Michelle Singletary, The Washington Post

You can buy a car with cash. I have to say this because there are a lot of people who have just accepted that borrowing for a vehicle is the only way to get one. But think of the money you can save if you pay cash for your car and hold on to it for as long as it will hold up (and this includes factoring in repair costs).

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