Does it count as “buying a car” if I have a loan? Or is it only considered “buying a car” if I paid in full?

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Does it count as “buying a car” if I have a loan? Or is it only considered “buying a car” if I paid in full?

You bought the car if you own it.

Does it count as “buying a car” if I have a loan? Or is it only considered “buying a car” if I paid in full?

I've got a question off of original poster's question.. Even if you bought the car, doesn't the bank own it technically since they paid the seller?

Does it count as “buying a car” if I have a loan? Or is it only considered “buying a car” if I paid in full?

No. You own it just like you own your home even though the bank has the mortgage.

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