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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.

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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

Understanding Car Sales and Payments Before we explore the implications of a salesperson adjusting payments, it is essential to grasp how car financing works. Various factors influence the final monthly payment you will ultimately pay. Down Payment: Cash or equity you put down at the time of purchase.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Like “ MSRP ,” “ Invoice Price ,” and “ Financing.” Understanding Financing, If Applicable When buying a car, there’s somuch more to consider than just the sticker price. Financing is one of those things that can greatly affect the total cost of your vehicle.

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