If a lender requires a real down payment to offset risk, the dealer may secretly roll that required down payment into the total vehicle loan amount (meaning you pay high interest on it) or use a deferred down payment scheme. 🚩 Red Flags to Watch For
Instead of a traditional monthly payment, they often require you to pay every time you get a paycheck, making it much harder to keep up. best car buys 99 cents down
Before you sign any paperwork for a vehicle with pennies down, look out for these common dealership traps: If a lender requires a real down payment