Even if you plan to finance your next car, you may still need to make a down payment on that auto loan.
Let’s face it: Only a fraction of us will ever use cash to buy a car outright. In fact, according to a recent study by Experian, more than 85% of new car purchases were financed last year.
But just because you’re taking out a loan for your next car doesn’t mean that you will walk out the door without paying anything. There’s still your down payment to consider. (más…)