Finance or pay cash for car right out of college?

What are the pros and cons of financing a car?

What to Consider When Financing a Car

• Pro #1: You Can Afford to Buy a Car. …
• Con #1: You Have Monthly Payments. …
• ‍Pro #2: Car Financing Can Improve Your Credit. …
• Con #2: Interest Rates Can Be Expensive. …
• Pro #3: You Own the Car at the End of the Loan Term. …
• ‍Con #3: Down Payment is Often Necessary.