[other_herbert]

At least last year, "new car loans" had a really low rate, and I think as long as it's newer than 3 years old and less than 30k miles or something a used car still qualifies.. if you have money making more in interest than the loan percentage, you shouldn't pay cash (assuming you have greater than the financed amount earning interest)…

[the_gastropod]

Interest isn't the killer, it's the insurance. When you owe money on a car, you're typically required to hold full coverage insurance on the car. That is not cheap.