Paying cash for a new car

biggest splurge car
  • Cost: $31,163

Ever since my aunt told me she bought a new car paying 100% cash, I've always thought, what a great idea -- no car payments to worry about. But heck, who has that kind of money?

So, I saved every penny I could. It took me almost 6 years. When I saw this Dodge Charger on TV, I fell in love! --Kathi Cordsen, Fullerton, Calif.

First published June 17, 2014: 11:44 AM ET

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