Do I need to have a down payment to get a car loan?
I want to take out a loan for a new car, but I’m concerned that I won’t be able to afford a down payment. Can I still get a car loan without a down payment?
without making a down payment. However, you might have to pay a higher interest rate.
There are many benefits to making a down payment on a car loan, including:
Paying less interest
Offsetting depreciation
Lower monthly payments
Bettering your chances of approval
Keep in mind that you will also have to purchase full coverage car insurance when you take out a car loan. You can quickly and easily find savings on full coverage insurance by comparison shopping with the
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