Quote:
Originally Posted by boother
Just brought a brand new 2010 m3 coupe fully loaded less than a week ago. I was planning on paying cash for it, but the dealer said I could get a better deal if I financed it, so I did with the intention on paying the car off with the first payment.
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Just fyi, I read somewhere that doing that will really hurt your credit rating. Banks don't like to see people taking large amounts of credit and turning around and paying it in full that quickly.