Special finance? Have you ever done it?

Question

I’m trying to get me a car and the dealership is trying to do a special finance with me considering I haven’t bought a car and this will be my first time. Does anyone know if there is a downpayment? I’ll only have about 200 for a down payment. (Sorry I didn’t know where to post and never had a car from a car lot)

This is the car it’s $8,000 before the special finance

Answer

First and foremost I would go talk to your hometown credit union to see what you can get approved for and see what they will give you for that specific car.

Answer

I dont think $200 is enough for a downpayment. Depends on your credit though— ask the sales rep to run the #s for you

Answer

You might as well go for a $0 down payment and keep that $200 for your first payment because that’s nowhere near enough for the bank to give you a good deal.

Answer

Speak with them downpayment depends on credit score most of the time but I'm sure they can also work to make payments with the downpayment.

Answer

There will definitely be a down payment. You need to ask. $200 is probably not enough.

Special finance? Have you ever done it?

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