Down Payment


Is a No Money Down Car Loan Actually a Good Idea? Is a No Money Down Car Loan Actually a Good Idea?

Drive away in a new car today with No Money Down! Offers like these can seem enticing, but how much they will actually benefit you depends largely on the current state of your credit. When thinking long term about the affordability of a car purchase, you will want to consider the total cost of the vehicle when interest rates are figured in, as well as how negative equity may affect your finances down the road.

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Can I use a Credit Card for a Down Payment on a Car? Can I use a Credit Card for a Down Payment on a Car?

Credit cards can be a blessing. They give you the ability to make large purchases without having to prepare a fund in advance, as well as get through emergencies. If a dealership allows you to, you may be able to charge a down payment to a credit card. But, will you be able to afford the monthly credit card payments in addition to the expenses that will come with ownership? That credit card can end up being a curse.

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