Here's my current dilemma: should I buy the new car I'm looking at with cash or have 0% financing for 72 months?
For reference, here is some info about me: I am currently living at home. My plan is to move out in the spring of 2019. I currently have 90k saved in my bank account, ~115k in my 401k, ~40k in my Roth IRA, and ~3k in my company's HSA. When I move out, I plan to buy a house. I currently don't have a car, so this is the perfect time for me to buy. My credit score is in the 760-790 range. I am debt free.
The car I'm looking at is a new car (25k), but it has incentives attached to it. Its either a 2.5k cash back or 1k cash back with 0% financing for 72 months. My options are:
Option A) Buy with cash (Total price of car is 22500)
Option B) Finance with 0% interest (Total price of car is 24000). Monthly payments (for next 6 year) would be $333.34
The benefit of Option A is that I own the car immediately. If I take Option B, I won't own the car until I am done paying it off. I know that if something terrible happens, this could end very shitty for me. Keeping that in mind, maybe it's the arrogance talking, but I think I'll be fine to continue car payments - the plan is to always have enough spare money to pay off the car in the event of an emergency. Option A is also enticing because I "save" 1.5k compared to if I finance it ($333 * 72 ~= 24k)
The benefit of Option B is that I don't have to sink 22.5k into the car immediately and I could invest that money in the next 6 years (more than likely making more than the 1.5k difference). I also think the monthly car payments would help my credit score (?).
A concern that I have is that if I take Option B, buying a house may prove to be more challenging since they will more than likely see my monthly $333 car payments and hold it against me.
What would you recommend?