Q: Why are down payments so important? A: To begin with having a large down payment makes you less dependent on financing, and makes you a stronger buyer. Second the more you give on a down payment the better the loan terms are going to be. Third having a large cash position commands respect, it lets the dealer know that you are in control of your finances.
Q: How does the time frame of the loan affect you? A:When you buy a car and you buy it with a loan, you may pay it over a five or three year period. Usually if you get a three year plan to pay it off it will be a less interest rate and make less payments. If you chose to pay it over a five year period you interest rate while be a lot higher and you will be paying it for a longer period of time.
Q: How does value change over time for this purchase? A: The value changes over time on a car because newer releases on cars come out, and also come with more special features. But they may also go up in value it you have your car under low miles and keep it maintained, this will help you get more value for you car.
Q: What are three things every person should know to buy this item. A: The first thing you should know before you buy a car is to know what type of car you want, do you want a cheap car fill up at the pump or do u want a truck and fill it up with a lot more? Second you have to set a limit to how much you are going to spend to buy a car. Third you have to consider insurance for your car and also take into consideration how much licenses plates are going to cost.
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