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Where does the down payment go when purchasing a car: to the dealer or the bank?
The down payment when purchasing a car typically goes to the dealer, not the bank.
Can you use land as a down payment when purchasing a home?
Yes, it is possible to use land as a down payment when purchasing a home. This can be done by using the equity in the land as part of the down payment for the new home.
Can land be used as a down payment when purchasing a home?
Yes, land can be used as a down payment when purchasing a home, but it depends on the lender's policies and the value of the land.
What is the required percentage for a down payment when purchasing a car?
The required percentage for a down payment when purchasing a car typically ranges from 10 to 20 of the car's total price.
How does the down payment affect the monthly payment amount when purchasing a car?
The down payment on a car reduces the amount of money you need to borrow, which can lower your monthly payment amount. A larger down payment typically results in a smaller monthly payment, while a smaller down payment usually leads to a higher monthly payment.
What is the required 50 down payment for purchasing a car?
The required 50 down payment for purchasing a car is half of the total cost of the car that needs to be paid upfront before taking out a loan or financing the remaining amount.
How does using land as a down payment work when purchasing a property?
Using land as a down payment when purchasing a property involves offering the land you already own as part of the initial payment for the new property. This can help reduce the amount of cash needed upfront and may be accepted by the seller as a form of payment.
Does pre-approval include the down payment?
No, pre-approval does not include the down payment. Pre-approval is based on your creditworthiness and income, while the down payment is a separate amount you need to pay when purchasing a home.
Can you get your money back if you put a down payment on a as is automobile and contract was cancelled the next day?
yes
What is the minimum amount of automobile insurance?
A down payment is normally required of $50 and then billed monthly at $12.75.
Are there any programs for single women over 50 purchasing first home and help on down payment?
Help on down payment First time grant in louisville, ky
Do I need a down payment if I trade in my car?
Yes, you may still need a down payment when trading in your car, depending on the value of your trade-in and the cost of the new car you are purchasing.
