Remove Buyer Remove Down Payment Remove Fair Market Value
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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. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.

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Is it normal for a sales guy to keep lowering the monthly payment because he keeps “lucking out with my manager”?

Shawn Ryder

The monthly payment is calculated based on a standard formula: Vehicle Price: The initial cost of the car. Trade-In Value: The worth of your old vehicle, which can lead to lower financing amounts. Down Payment: Cash or equity you put down at the time of purchase. Customer Attrition: Striking a deal is pivotal.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Additionally, because of the way dealers list pricing online, you may not be aware of a markup over MSRP until you get down to the details of the deal or seeing it all line-itemed in a buyer’s order. Call each dealership and request a buyer’s order or price or menu as some dealers call them.

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