7 Incredible Reasons to Pay Cash for a Car ...

You might consider getting a loan when you're ready to buy a car, but there are solid reasons to pay cash for a car.

Understandably, not everyone is in a position to write a check and pay for a vehicle outright.

However, if you have the financial means to skip the financing process, this is worth consideration.

Here are seven incredible reasons to pay cash for a car.

1. You Don't Have to Worry about Your Credit Score

Not having a good credit history is one of many reasons to pay cash for a car.

When applying for financing, the bank pulls your credit report.

If you’ve had problems in your recent past, this can trigger a loan rejection or a higher auto loan rate.

But when you pay cash for a car, credit doesn't matter.