Question
What would be the main benefit of paying in cash for a car instead of taking out a loan?
A
The price of the car is always 5% less when you pay in cash.
B
Paying in cash will give a boost to your credit score.
C
You won't have to pay for registration and inspection on top of the car price.
D
You don't have to pay interest because you won't have a loan.
A
The price of the car is always 5% less when you pay in cash.
B
Paying in cash will give a boost to your credit score.
C
You won't have to pay for registration and inspection on top of the car price.
D
You don't have to pay interest because you won't have a loan.
Answers
GPT-4o mini
The main benefit of paying in cash for a car instead of taking out a loan would be:
**D. You don't have to pay interest because you won't have a loan.**
Paying in cash means you avoid interest payments and potential additional costs associated with financing, which can save you money in the long run.
**D. You don't have to pay interest because you won't have a loan.**
Paying in cash means you avoid interest payments and potential additional costs associated with financing, which can save you money in the long run.