answersLogoWhite

0

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.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Related Questions

Do you need a down payment for car insurance?

No, you do not need a down payment for car insurance.


How can I trade-in a car with no down payment?

You can trade in a car with no down payment by negotiating with the dealership to roll the value of your current car into the new loan. This may result in a higher monthly payment or longer loan term.


What is a car down payment?

A car down payment is the amount of money or the trade-in value of your current car required by your lender before a loan is issued. For example, if your new car costs $20,000 and your lender requires 10 percent down, you need to come up with at least $2,000 in cash or trade-in value before the loan can be initiated.


How much is a car payment Chevy?

Depends on which Chevy you buy, what your pay for it, down payment or trade in, and how long you finance it for.


What are some incentives car dealers give you to trade in your car?

YOU HAVE TO HAVE A GOOD DOWN PAYMENT, IF YOUR CREDIT IS GOOD ENOUGH YOU DON'T HAVE TO PUT A DOWN PAYMENT,WARRENTY FOR 12 MONTHS, CASH BACK


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 minimum down payment required for a car purchase with a 50 down payment?

The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.


What capital resources do you need for a car?

An initial down payment and a stable source of income.


How much would a monthly car payment be on a 21000 car?

Need down, interest rate and term to calculate


What stuff do you have to pay when you are going to get a new car at a dealership?

You will need to pay a down payment when you get a car at a new dealership.


2 find a car dealership willing 2 take your trade in as a down payment and b able to make monthly payments for the remainder of car?

yes and no


Car dealer forgot down payment?

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.