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Learn how much down payment for a car you'll need, and discover how your initial down payment and its amount affect your overall vehicle financing.
The lowest down payment amount you can put down on a car is zero dollars, but this option can result in higher monthly payments and more overall interest.
Down payments can be made with a personal check, cashier's check, or physical cash, and some dealerships also allow credit card payments. But just because you can use a credit card for a down ...
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction .
The next step is a purchase and sales agreement or a sales agreement, and the actual monetary down payment is generated. The manager and customer sign this paperwork, and then the customer is handed off to the "box," or the finance and insurance office where various add-ons are often sold that include special waxing, wheel protection, or often ...