High Current Car
Aug 26
2009
2009
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Should I buy my current car-lease is up in a month?
I have a 2004 Toyota. My credit is not the best right now-trying to fix it and afraid my % will be very high esp now. Is it worth me buying my car in cash as oppsed to buying a new one and having very high car payments? The blue book value is about 3000.00 more than the price.
Also, how much are fees and such? THanks
You will have to pay for the car's payoff + taxes and possible registration if you plan to pay cash. I would advise paying the car off in cash. Then try to rebuild your credit through responsible use of credit cards. If you try taking out a loan on the car, you will probably get hit with a pretty high interest rate, which will end up making your car a lot more expensive that it should.
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