Hi all, When it comes to financing vehicles I am fairly new. I would like to know the different options for purchasing a vehicle second hand. Let's make VEHICLE X worth $85,000 second hand, either from a private seller or through a dealer. I could: a) Purchase outright with cash b) Re-finance my mortgage and buy the car outright against my house paying 5.5% interest (approx) c) Get a personal loan (I know this is a bad option) d) Lease through my business (although I already have 1 vehicle leased so maybe not possible?) e) ??? f) ??? What are the pluses and minuses of all the above?? I have heard the saying "I own my car outright" and I have also heard the saying "Why would you ever want to own your car outright?" Help in this finance area from people in the know would be greatly appreciated......just want to know all the options, pluses and minuses and obviously people's recommendations..... Thanks!