💰Buying a car outright in cash provides peace of mind with no monthly payments or interest.
📝Financing a car allows you to make monthly installments, while paying interest on the borrowed money.
🚗Leasing a car means renting it for a set period, offering flexibility to switch to a new car at the end of the lease.
🏦The cheapest option depends on factors such as the amount of deposit, current interest rates, and future resale value.
💡Consider the pros and cons of each method, such as peace of mind, depreciation, and upfront savings.