<prompt> Human: Hi,Went to a Subaru Dealership not far from where we live. Found a car we want for a price that seems reasonable.2012 Subaru Impreza hatchback, 48k miles. Haggled a bit and got the price down to 14745.With taxes, registration and processing fee it comes to 16397. I am a recent immigrant and although I make 120kyear cant apply for a loan because I still havent gotten my green card. We are moving in a week and therefore really need a vehicle. My wife has good credit but a very low income therefore we are worried we will get a terrible offer for the loan, if at all. We have about 50k in savings and I was considering paying for the car at once. Is that a terrible idea? I feel like that would be better then paying a loan with shitty interest. Wife is really against paying that much at once.Heres the issue: We need a car, and that price seemed reasonable to me - so we put a 500 deposit. Also, I asked to take the car to a mechanic and they said they have to drop it off there, so I gave the mechanics contact information and they said they would let me know when the car is being taken there so I can go as well.Am I shooting myself in the foot so far? Please give me your opinion - thank you.  <response>: Most people try to get enough money together to get out of their car loan. The money is doing more good helping you avoid the interest on the car loan even if you got a good deal then it does sitting in a bank or even in a good investment fund. 