HOW MUCH MONEY DO I NEED TO PUT DOWN TO BUY A VEHICLE??
This is one of the first questions in your mind once you land on the perfect car for you!
There are many factors involved when a bank determines this for you:
-Personal credit history
-Debt to income ratio
-If the vehicle is New, Used, or has a Manufacturer Certification
-The price of the vehicle
-What the Loan Value of that particular vehicle is
-The mileage, trim level, and features of your vehicle of choice
The process of approval and money down is not something that can be determined by simply knowing what car it is or knowing your credit score. As a lender the financial institutions like to receive a full snapshot of the customer and the vehicle being considered for purchase.
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