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A pick up payment is an irregular or deferred down payment. The down payment is the amount paid up front and reduces the amount financed. Some amounts may be deffered to future dates. The amounts and dates of these payments must be disclosed on your contract and are separate from your regular payments. If interest accrues off these payments depends on the state and dealer.

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โˆ™ 2014-06-09 03:26:53
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Q: What is a pick up payment in an auto loan and how is it applied?
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