Buying A Car With 0 Down Direct
With a credit score in the 670 range, she was approved for a 0-down loan, though the interest rate was higher than a conventional loan. Key Takeaways from the Scenario:
Because she financed the entire purchase price, taxes, and fees, her monthly payments were slightly higher than if she had made a down payment. buying a car with 0 down
She got the car right away without a big upfront hit to her bank account. With a credit score in the 670 range,
She paid more over the life of the loan due to higher interest rates often associated with these loans. buying a car with 0 down