article thumbnail

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

Shawn Ryder

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

article thumbnail

The Pros and Cons of Low Down Payment in Used Car Finance

MforceLA

One of the major factors that influence auto finance is the down payment. A lot of car dealerships would encourage you to put down a low down payment to save costs in the initial stage. Let us help you evaluate the pros and cons of a low down payment to help you make a wise choice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Pros and Cons of Low Down Payment in Used Car Finance

MforceLA

One of the major factors that influence auto finance is the down payment. A lot of car dealerships would encourage you to put down a low down payment to save costs in the initial stage. Let us help you evaluate the pros and cons of a low down payment to help you make a wise choice.

article thumbnail

Sure, You Can Lease The Ariya For $99 A Month… If You’re Cool With Actually Paying $238

Carscoops

Nissan’s $99 Ariya lease deal requires $3,329 at signing and is only available in Denver. Electric vehicles have yet to reach price parity with traditional ICEs, but some seriously compelling lease deals are available for several EVs across the United States. 4 currently advertised from $410 per month.

article thumbnail

Used Car Dealer Incentives | The Best Deal

Cartime Super Center

However, buyers are still looking at hefty price tags and down payments. When new car prices declined, used car prices fell, making the best used car deals even better. While buying incentives are widely available, they may not be the deal they appear to be. Still, they also know the down payment can be a deal breaker.

article thumbnail

You Can Lease A Tesla Cybertruck For $1,249 A Month, But Would You?

Carscoops

Tesla now offers a Cybertruck lease for $999 monthly, requiring a $7,500 upfront payment. Skipping the down payment raises the monthly cost to $1,249, a safer choice for lessees. Speed-hungry truck buyers can lease the 830 hp Cyberbeast for $1,439 per month with no money down.

article thumbnail

Elon Musk Axes Taiwan Tesla-Costco Partnership Hours After It’s Announced

Carscoops

Consumers are always looking for the next deal and yesterday it appeared that a new one popped up. However, that deal is dead thanks to none other than Elon Musk himself. The move makes it easy to wonder to what extent Musk micromanages his companies. Tesla had partnered up with Costco in Taiwan to run a special promotion.