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I can certainly understand what some of you are saying regarding the decision to finance using debt or using cash out of pocket. It probably also depends partly on what stage of life you are in. Right now, I'm young and have room to make a little bit more risky financial decisions than someone who is twice my age. Furthermore, if I make a mistake, I don't have a family of four to worry about supporting. So it makes more sense for me to use my money for other purposes than paying cash for my car. That being said, I can definitely see where it makes more sense for some of you to have the piece of mind that comes with something "guaranteed" (i.e. it is guaranteed that if you pay off your car, nothing will happen to cause you to lose more money on the car than issues related to repairs, depreciation, etc.).
Sorry if I came off a bit too sure of my ways earlier!
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