A low down payment loan means you have little or no money to put towards the car that you are buying. The only time that this approach should be used is when the interest rate on the car loan is zero and you have somewhere else that your money can be used, saved, invested that will generate more return. Otherwise put as much money down on the car as you can.
This latter approach will have several primary benefits. The car loan monthly payment is going to be lower which makes monthly budgeting easier and you will also pay a lot less interest over the life time of the loan. If the loan is zero interest then it is not costing you anything.
Consumers with large down payments as compared to people with low down payments will usually enjoy a better interest rate. They are viewed as being lower risk and will have a greater probability of meeting their monthly payments. Consumers can save thousands of dollars by avoiding a low down payment, going for a larger down payment and possibly receiving a lower interest rate which saves them even more money.
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