When you're buying a car, truck, SUV, or minivan, you are probably used to a sales consultant asking you how much money you want to put down. It is a good question to think about. The question is about more than the salesperson trying to get you an idea of what your car deal will look like. Your down payment can impact your car loan in many ways. Lithia Chrysler Jeep Dodge of Twin Falls is here to tell you how this is the case.
Your down payment will mean that you are financing less money. It means that you will pay less in finance charges, so your auto loan will be less expensive in the long run. Also, it means that you will have a lower monthly payment. Contact the finance center at Lithia Chrysler Jeep Dodge of Twin Falls today, so you can learn all about the power of a down payment.