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Pay maximum down payment on your car to reduce the loan amount

Pay maximum down payment on your car to reduce the loan amount

Friday, June 9, 2017, 10:57 AM

Different lenders have different criteria on how much of the total car price they will finance. As a borrower, try to pay the maximum downpayment on your car out of your own pocket to bring down the loan amount. But do not use your emergency fund or long-term investments to make a higher down payment.
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