Originally Posted by Jim_Gunn

And I didn't even address the question of why hand over $20k liquid hard earned ( I assume) cash on a depreciating asset like a car? That's utter foolishness unless she has so much money in the bank that she doesn't know what to do with it. She isn't going to get such a huge break because of paying cash. Why not put a grand down and make small payments over the next five years like most people? Then she can keep that $20k and save it for a rainy day, for unforeseen expenses, use it on a down payment on a house, invest it or just earn some interest on it.