Consumer law for cars down payment

The fake down payment is of no benefit to the consumer. The consumer ends up paying more in sales tax and interest than he or she would have had to pay without

Do you need a down payment on a car?

One possible exception to the recommended down payment on a car is if you're able to buy the car outright with cash, but you have poor or little to no credit

Getting a loan and setting money aside to make payments can help you build or repair your credit

Does a large down payment affect a car loan?

Your down payment can also affect your loan

If your credit isn't great, making a sizable down payment can be the difference between getting a loan approval or not

Whatever your credit score, a larger down payment on a car can result in more favorable terms — like a lower interest rate — that could save you money in the long run