When you trade in a car that's used, do they expect a downpayment for the new car you are trading it in for?

(2011-11-01 14:30:06)

1. UsedToWorkHere Says: Many good credit customers can buy with nothing down & no trade needed.

Weak or bad credit customers might need thousands down.

2. Never Says: Yes, and a down payment is also a good thing for you to do too. The money you put down on the car you don't owe any interest on so the more you put down the better. Also, the amount you put down can affect the apr (interest) rate and make it lower which is in your better interest as well.

3. Roxy Says: well the more trade in value and the more cash down , the less principal owed on the car you are buying. What was the deal?

4. roger Says: Need more information.
Totally depends on any equity you have in your current vehicle, your income and your credit.

Tag: When you trade in a car that's used, do they expect a downpayment for the new car you are trading it in for?

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