I ask my financial guy this question , and he said pay cash ,which surprise me

Yep. we do the same thing.

You must not have read his ENTIRE post He has the money in the bank . So if market tanks or he looses his job he can THEN pay off the truck. OR trade it in for something less expense and live off the money in HIS account . Vehicles can be found at any price if you NEED one. But once his money is gone his safty net goes with it !!!

I can’t agree with very much with the article from Ramsey’s website, but then I think most of what Ramsey says is crap. He just wants you to buy his books and get hooked on his programs.

Yea that's WHY he needs to keep his !! You talking about the same guy that says rent , don't buy a house. Take a cab instead of buy a car ? That guy. One that became a millionaire from fools buying his step program to financial freedom?

Dave Ramsey is an idio t28% on a car loan ? I bought my last chevy at 0% interest for 72 months. Got the price for my trade -in and the vehicle in writing. 4800 below sticker , 29,000 trade in on a 2011 crew cab . Back in 2014. THEN the loan was calculated.
He must be talking about furniture or Mexican car lots... Or just spewing nonsense for others to believe.

PLUS he warns of a pandemic. LOL folks around here were making out like bandits because of covid hand outs STILL ARE . 1152 bucks a week during 600 fed money. Now 852 bucks. No wonder they won't go back to work ! Even with Ky math for a 40 hr work week that's over 20 bucks an hour !!!

Didnt read whole thread.
Pay cash but not for a new car. Never buy new. Low mileage 2 -3 yr old one.

First off a vehicle is not an investment. It is a tool just like a hammer or a screw driver. The idea of putting your cash in the stock market and buying the vehicle with a loan if flawed. Vehicle loans are short term and what stock market investment will guarantee a positive return for the next one to five years? What works best for me is to use as much cash as possible. Then I take out a five year loan at the low interest they will offer. Next step is to pay it off in one year. That's what I did with my 2017,2018 & 2021 Silverado's. Well the 2021 is only one month old and I have only made one payment, but I'm on track to pay it off in one year. BTW I don't care what Dave Ramsey or Bruce Williams is selling. Only ME knows what is best for ME. If I want a new truck and if I want to only keep it until the factory warrantee is used up I will do it even if Ramsey thinks I'm wasting money.

We just buy a used vehicle and save that roughly 40-50% of the new cost and borrow the rest. Yes there is risk in borrowing money but if I lost my job on the short term I would prefer to have the cash I used to buy the car for living expenses etc. Over time we learn which risks are very low versus high. Typically items that produce little or are expensive and not really needed to live and work are the more risky investments even with your own cash.

Bryce

I have done both,but too many dealers offering zero percent financing to pay cash these days.Just my opinion.

It's a proven system to get out of debt and build wealth. I listen to the people who have done it and built real wealth, not some person on the internet with an opinion.

We have followed the plan for 18 yrs and have zero 0 debt and on track to have a paid for house and have a seven figure net worth by age 45.

BTW, I have not bought anything from them in 15yrs.

Yep. There is a certain freedom and peace which comes with oweing no one anything.

Proverbs 22:7 (NIV), “The rich rule over the poor, and the borrower is slave to the lender.”

Where did the "money" come from to "invest in his program?
Who's them" What are you driving?
OK are you "on track" or is your house paid for ? Must be if you don't owe anything to anyone.
Not many working class can do that legally or without a silver spoon in some opening...

I will add My wife and I have been out of debt for 5 years now. Will I finance a car, land, ? Yes I'm 58 , shes 61, We have pretty substantial savings . BUT we won't spend it on any big ticket item because we want to enjoy that money. Why pay 250,000 for a farm that is a weekend play ground, and then have to watch your spending on buying "toys" to play on that land. Finance it. Pay 25,000 down. .30 year mortgage (we won't live that long) and enjoy it as long as we can along with the money you still have. As others have pointed out it will appreiciate in value. When were are dead the heirs can continue paying for it or sell it and keep the money left over. IF AND ONLY IF we were younger then I would consider paying cash. But only God knows what tomorrow brings. NOW tell me how much I will spend in interest .LOL Don't care it's not my primary home . My home is free and clear from debt. PLUS if I get too sick to enjoy the land it's sold with little or no strings attached.

Yes, unfortunately , too many folks dont mind being slave to the lender. Cracks me up when they get mad and try knocking Ramsey simply because they dont have the fortitude to get out of debt themselves. Silver spoons have nothing to do with it. Common sense and commitment is all it takes.

I think it depends on if you plan to keep the vehicle for a long time. If you do, then pay cash. If you are the type who likes a newer vehicle every few years, finance.
I agree with Marathon, better to buy used than new. A new vehicle depreciates too much in the first year or two. An example: I bought a truck that listed new for $42,000 two years later used for $28,000. It had 23,000 miles on it.

I agree Trapper, Ive never purchased new. I always hated to think about the immediate depreciation the second it drives off the lot.

This is almost as good as a vaccine or mask thread. Haha.

That method may work for you jbyrd but I will not be slave to any lender just to have a few more toys in the barn. There is pure freedom in debt free living.

Anyone that insists there's only one correct answer isn't qualified to even be giving advice.
Everyone has their own situation to consider.