Am i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?

what is the best option?. this is my situation. i enough cash to pay for the sale price butt i want to get a warranty that i dont have cash for.. so should i just finance half of it and pay 50 percent downpayment? should i get a bank loan or a dealer loan? its a 07 bmw 3 series and how can i talk down the price like 3 thousand dollars?Am i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?If you get a dealer loan you run the risk of paying additional interest. The dealer will finance you through your bank, but will charge a small amount extra, they get to keep the difference. So if you can, go to the dealer preapproved for the loan.

Also, I would only finance half the purchase if you are getting a better savings interest rate than you will be paying on your car loan. Otherwise you will be losing money each month in interest. If the rate on the loan is lower than the rate you are earning, then go ahead and finance.

You can talk them down on the price by asking if there are any incentives the dealer gets on the vehicle. If it is a new vehicle ask about holdback amounts also. If it is used, then you can pull a comparable and use that as leverage. There is a lot of room for negotiation!Am i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?set it up to finance half the balance (so you get your warranty) and put any extra money you have (that you would have paid towards the portion you are financing) into a savings account (or something else) and let the bank take automatic monthly payments from that "fund" to make the car payments- That fund won't be for the entire balance but a large portion of it - so you don't have to owrry about making those monthly payments on time - they'll come out automatically and overall it will raise your credit score. Smart of you to think ahead :) Good for you!Am i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?finance halfAm i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?
If you can afford it, always pay cash. Car loans are bad debt. You'll be paying interest while the value of you care goes down. And never buy a warranty. Warranty's are rip offs. The manufacturers of these cars know when they are going to break down. Most likely, it will be shortly after the warranty expiries. if you do get a loan, get it from capital one or some other internet bank. Never get a loan from a dealer unless they are willing to match or beat the terms an online bank will give you.