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?


“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.
Johnny Puckett
Answered on May 25, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free