What is the most common method for purchasing a car?

"Paying with cash" "Using a credit card" "Financing through a loan" "Bartering with goods or services"

What is a significant advantage of buying a car with cash?

"You build a strong credit history" "You can get a lower interest rate" "You avoid paying interest and fees" "You have more flexibility in choosing a lender"

What is a potential drawback of purchasing a car outright with cash?

"You miss the opportunity to build credit" "You are more likely to face repossession" "You have less flexibility in negotiating the price" "You may struggle to find a dealer willing to accept cash"

What is a key advantage of financing a car purchase?

"It allows you to buy a more expensive vehicle" "It eliminates the need for a down payment" "It guarantees a lower purchase price from the dealer" "It simplifies the car buying process and reduces paperwork"

What is a potential risk associated with financing a car?

"The value of the car depreciates quickly" "You might damage your credit score by paying cash" "Dealers often charge higher prices for financed cars" "The lender can repossess the car if you default on payments"