Almost every experienced car enthusiast knows that shelling out money on a car, regardless of whether it is new or used, requires a ton of money. Depending on your financial statement, you have two modes of payment to choose from. If you have the resources and buying power, any expert would definitely recommend you to pay in cash. Cash is always a preferred mode of payment as there is no debt involved. However, not everyone has the privilege of counting thick notes on their fingertips.