Shawn Ryder

JANUARY 17, 2025

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.

Down Payment 52

Down Payment Gap Insurance Fair Market Value Insurance 52

Shawn Ryder

JANUARY 17, 2025

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. Negotiate: Dont shy away from negotiation.

Management 52

Management Finance Quota Fair Market Value 52

Your Car Buying Advocate

JULY 31, 2023

The "Four-Square" Method This is a common sales tactic where the dealer uses a worksheet divided into four parts: your trade-in value, the purchase price, the down payment, and monthly payments. Stay focused on negotiating the full price of the car first before discussing trade-in values, financing, or extras.

Finance 52

Finance Pre-Qualify Deal Insurance 52