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Buying a car: finance or cash?

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    Buying a car: finance or cash?

    I recently had my 341, it went well. I was able to exempt my tax refund. My car is about to die, and I have to get another one very soon. I will have about $7,000-$8,000 to buy a car. Should I get a loan so I can help my credit, or just buy one for that amount?

    One place I went to worked up the fiance details. The bank had a $2,000 charge, in addition to the 21% interest! I don't want to pay something like that in addition to the high interest.

    My credit score is 558, and I have the income to qualify for a loan.

    Thanks!

    MIGirl

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