You make more money than you spend and put the overage in savings. If you're not making enough to save the down payment then you're not making enough to afford the car.
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
Interest and down payment.
No.
If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.
Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.
The car will probably be repossessed.
YES, making the down payment is part of the contract and you are in default on it.
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Buying a new car can be very exciting and very expensive. The down payment for a car is dependent on the buyers credit, how they are planning on financing, and the lot in which the car is bought. A down payment for a car can range from $50 to $2-$3,000.
This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.
When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.
I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.