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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.

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Smart Ways to Use Your Tax Refund for a Used Car Down Payment

Shabana Motors

Discover smart and effective strategies for utilizing your tax refund as a down payment towards purchasing a car.

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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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How Your Dealership Can Turn Tax Refunds Into Down Payments

Dealers United

Tax season can just as easily become “down payment season” if your dealership employs the correct digital strategy. The post How Your Dealership Can Turn Tax Refunds Into Down Payments appeared first on Dealers United.

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Americans Drowning In New Car Debt, Loans Averaging 70 Months

Carscoops

Down payments for new vehicles have slightly decreased. An analysis from Edmunds reveals the average monthly payment reached an all-time high in Q2 2024 of $740, up $735 from the first quarter and $733 last year. A growing number of buyers are also taking on new-vehicle loans with monthly payments exceeding $1,000.

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Media post: 7 Tips to Choose a New Family Car for 2024

Best Selling Cars Blog

This involves understanding the impact of credit score and the various down payment options available. Down Payment Options A larger down payment reduces monthly payments and overall interest. Save for a sizable down payment, and consider schemes allowing lower upfront payments.

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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. Down Payment Assistance The typical down payment for a new car or truck is around 20 percent of the purchase price. On average, you’re looking at a sizable chunk of money, up to a $10,000 down payment!