PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Should I finance or pay cash for a luxury coupe?
"I found a black luxury coupe that I really want to buy. The car is listed at $30,000, I have a 750 credit score, and money is not an issue at all.
I could buy the car outright with my savings, or I could finance the car and leave my savings alone. What is the smarter decision here?
"
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The answer really depends on how long it took you to save that money, how much would be left over after buying the coupe, and whether you intend on investing any of it.
If the cost of the car equals your entire savings, you should either
finance
the car or pay cash for something cheaper. However, if $30,000 is just a small portion of your savings, you would be better off paying cash because the car’s final cost will be lower and you could recoup most of that money by selling the car.“View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies