Quick Answer Paying cash for a vehicle means no monthly payments, no interest charges and no chance of repossession.
Tim Maxwell is a freelance personal finance contributor, writing for various publications including CBS News and Experian Spanish Latam. With a focus on providing practical advice and insights, Tim covers topics such as retirement planning, real estate investment, and money-saving tips. His work has also been featured in Bankrate, Yahoo News, Fox Business Network, and the New York Post.