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Is financing a new car and then paying it off in cash immediately a bad idea?
Is financing a new car and then paying it off in cash immediately a bad idea? I'm moving in 3 months across the country - I will be needing a car in my new locale and have coincidentally saved up enough over the past couple years to be able to buy a car in cash. My family (well specifically my mother) says that this is a bad idea because "lenders want to see that you can handle large debt responsibly and make payments on ...
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