Consider finance options when buying a car

Q: I am going to buy a car soon. Should I pay cash or finance it?

For example, if you have credit card debt at an interest rate of 10 percent and you can secure a car loan at 6 percent, it would make financial sense to use your cash to pay off your credit card debt and finance the car at the lower interest rate.

Send your money management questions to [email protected]. Answers to our readers' questions were provided by Lawrence B. Keller, CFP, CLU, ChFC, founder of Physician Financial Services, a New-York based firm specializing in income protection and wealth accumulation strategies for physicians.