Low resale value

[Banned_imp]

If one can borrow at a rate that is less than they can earn, then of course it can make sense to finance. My only issue with financing, aside from the interest, is that the lender has a lien on your asset and can require you to fully insure it, which gets expensive. I prefer to carry liability and uninsured motorist coverage only and not carry property or comp and collision coverage, even with a high deductible. I pay the premiums to myself instead and self-insure.

I do exactly the same thing! I've never paid for more than basic insurance since that first loan.