The cash vs. finance dilemma.

There are few people who have the ability, and have saved enough money, to buy a car outright with cash in hand. It usually takes time, commitment, or a rather large income, to make it possible to pay cash for a car. This is why financing is made available to those who qualify – and is the most common way of purchasing a car today. With financing, you have the option of paying your car off over time (with an additional charge of “interest” as a fee for borrowing the money), rather then in just one lump sum. But, if you have the ability to choose one or the other, what are the pros and cons of paying cash vs. financing a new car?