You may have saved up enough money to where you can simply buy a car
with cash, but taking out a loan is typically what is done. Once you have gotten your discharge, you can buy a new car. However, if you wait longer after you have been discharged, then you will likely get a better interest rate for the loan. It is possible that you just cannot wait to get a new car, and in this scenario, it is preferable to review all your options to help you get the best deal. Taking out a loan can do a lot of good for your financial future because if you are able to make your payments on time, it can help you build up your credit score.