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Media post: How to Qualify for Vehicle Finance as a First-Time Buyer

Best Selling Cars Blog

Dreaming of that new car smell but worried about financing as a first-time buyer? Let’s break down how you can qualify for vehicle finance and make that dream a reality. Now, as a first-time buyer, you might face some hurdles. Lenders see you as a bit of a risk since you don’t have a track record of car payments.

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New Car Buyers Taking On $1,000+ Monthly Payments At Alarming Rates

Carscoops

One in six car buyers are taking on car loans with monthly payments in excess of $1,000. More than 17 percent agreed to $1,000+ payments in Q3, the sixth consecutive quarter that four-figure payments had been as prevalent. Monthly payment $736 $548 Amount financed $40,713 $28,097 APR 7.1 percent in Q2 and 15.8

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

.” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. These losses can sometimes outpace the rate at which car owners pay down their loan balances. Should You Use Your Down Payment to Cover Negative Equity?

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What is a down payment and how does it affect your finances?

Shawn Ryder

Understanding Down Payments: A Guide for Everyone If you’ve ever heard adults talking about buying a car or a house, you might have come across the term “down payment.” ” But what exactly is a down payment? In this article, we will break it down for you in simple terms.

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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount.

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Used Car Dealer Incentives | The Best Deal

Cartime Super Center

However, buyers are still looking at hefty price tags and down payments. While used car dealerships don’t offer the same traditional new vehicle dealer incentives, the best offer something better—buyers’ incentives. On average, you’re looking at a sizable chunk of money, up to a $10,000 down payment!

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Did I make a mistake by filling out a credit application when buying a car with cash?

Shawn Ryder

When navigating the complexities of purchasing a car, many buyers encounter financial concepts that can significantly impact their decision-making processes. Long Finance Terms: Extended loan terms may reduce your monthly payments, but they also lead to slower progression toward equity, allowing negative equity to persist longer.