Remove Down Payment Remove Fair Market Value Remove Marketing
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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

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.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

In today’s market, dealerships are adding markup’s. Some use the term Dealer Markup, Adjusted Dealer Markup (ADM), Market Adjustment among many others. This is the reality of the car market today. However, in a market with low inventory, sometimes you do need to be ready to pull the trigger quickly. Strange, right?

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