Why You Don’t Need A Down Payment For A New Car!!!

Video quality	The size	Download

Information Why You Don’t Need A Down Payment For A New Car!!!

Title	:	Why You Don’t Need A Down Payment For A New Car!!!
Lasting	:	0.54
Date of publication	:
Views	:	1,4 jt

Thats bullshyt Who tf is about to pay a 2k car notebrSave up Put money down Lower your interest rates as well as the monthly paymentwith a down paymentbrDont put a downpaymentyou will pay double
Comment from : ItsQueen Babii

It’s not illegal for down payments if they fairly tell everyone the same amount 15usc 1662
Comment from : Forever Labeled

Being forced to make a down payment is not illegal This is the kind of shit that needs to stop on social media
Comment from : Jim Hoover

If I have the money and choose to finance, why would it hurt to make a down payment if I want to pay less than 400$ a month? Maybe that’s not even including insurance
Comment from : Alex

I think you don’t have to make a down payment if your credit score is good Right?
Comment from : Farah S

Yeah alright, and your payments will be so high all your money will go towards that car Don’t listen too this stuff unless you make a lot of money
Comment from : Ken Da Man Of Steel

Not true
Comment from : Luis Santiago

Simple you have to put a down payment if your credit is good enough for the amount to be finance With that being said all the sell person would say is your only approved for a certain amount
Comment from : Stanley brown

I’m not sure that I’ve ever wasted more time than listening to this person They said all that with so much confidence too lmao with no down payment, she’ll likely be driving Mitsubishis the rest of her life to avoid going broke
Comment from : F A

If you can’t afford down payment on the car you want to finance, you can’t afford the car
Comment from : EZ English

A good friend of mine told me this about 15 years ago and you’d be surprised at the amount of people who don’t listen My friend did this and the whole car buying experience was different afterwards 👍🏾 good content!
Comment from : DamienKross

This is terribly inaccurate
Comment from : h00m0n3y8a8y

So misleading… With today’s crazy Loan Interest numbers try to at least cover the Registration fees/ State Tax, Gap insurance…
Comment from : Carlos Alberto

No one here is talking about loan over value You can not exceed the loan over value of the vehicle too much When you buy warranty and products and want to finance or even buy a vehicle at market adjusted pricing now days ( markup ) you would 100 have to put money down otherwise No Bank will pickup your loan, even with good credit and good credit history Different times now Decline rate is much higher now Banks factor in lots of things before approving now days It needs to make sense for banks to lend you the money Good luck if you follow this advice 😂
Comment from : cArmen

Even if you have bad credit?
Comment from : Failbob 2004

Dealerships are trained pathological liars!!! Worst than lawyers omg!!! I’ve been buying cars almost every year for at least 20 years and it never changes!! They’re all the same pathetic liars, all about the money 100
Comment from : Ellie Rome

Just bought used Tesla no money down
Comment from : Prodigious Thoughts

To Clarify: Downpayments are in Fact Not ILLEGAL, the Catch is that the downpayment Cannot vary from customer to customer or it is deemed invalid because it's not an arranged downpayment every customer has to pay
Comment from : Charlie: 5th Nation

20 is recommended in any purchase You avoid paying interest on the taxes, fees and lower total interest over the loan period brDon’t listen to people that owns nothing
Comment from : Jon brown

Down payment goes toward the principal of the loan
Comment from : SEM

Less Down Payment > More Interest You're Paying 😂
Comment from : nenigma1

The down payment just goes to the full amount of the vehicle It’s not like it’s going straight to the dealership idiot … So if you wanna walk out of that dealership owing the full amount of the car go right ahead and enjoy your thousand dollar payment
Comment from : Keep it 💯

Will that work if I'm trying to buy a commercial vehicle like a dump truck
Comment from : Gregory Jones

Stop buying new cars that you can't afford Don't finance
Comment from : Joe Murphy

Credit is total bullshitThis entire system is a joke and a lie
Comment from : Andi

i've never made a down payment for a car, i don't know why this is news
Comment from : highrollaXRS

A down payment will make your monthly payments lower thats all They don't care either way They get there money in full from the bank So they don't care if you have a down payment or not No trickery they dont need to
Comment from : Barzy

When you're purchasing a car, purchase it It's not a purchase if the bank has the title buy cash There's plenty of good used cars out there Do research Keeping the endless cycle of monthly payments is a great way to always be in debt
Comment from : Cadillac Jack

Ok so try that with bad credit! I sale cars for 20 years That only works with good credit Bad credit are subject to subprime loans The bank will tell you what do you need for a down payment Nice try tho
Comment from : Hakeem Pittman

what a dumbass video she acting like they just take the down payment and it doesn't go towards the car
Comment from : Meme Squad

Please don’t fall for the okidoke on this one…why is it I only see people in our community spreading this bs Please do not go into a dealership and start spitting out this nonsense If you have a credit score below a 680 no bank will loan you money to purchase a car without you having skin in the game The low score reduces the trust factor so they want you to put a downpayment to have some reassurance that you will pay your bill Because based on history you haven’t been…it’s just that simple
Comment from : Crome Rental

No one listen to this woman
Comment from : PBJames

😂😂😂😂😂yea that's not how that works, but okay 😂😂😂
Comment from : jgreenbaum85

None of that is true
Comment from : red32303

This isn’t true obviously
Comment from : Chris Bennett

Could have told me that last year
Comment from : Nick Reyob

Don’t buy a new car, buy used car/hoptie Your payment would be about 1k a month if you listen to her Save 1k month for 3 years and have a down payment for home instead💯 don’t have a 80k car and live in an apartment, weak game
Comment from : 9-2-5er

Stop buying cars if you can't afford to pay cash I've never had a car loan in my entire life Take that $700 a month you waste on a car payment and invest it in a good mutual fund or etf At 10 return, in 10 years you'll have around $120,000, in 20 years you'll have around $500,000, and in 30 years you'll have around $14 million Stop wasting money on depreciating assets
Comment from : dp116

Why are there all these videos going around about not needing a down payment for a car Of course you don’t need a down payment the down payment is just to offset what you’re financing to get your payment down to something you can afford Usually the people with no money for down payment also have bad credit which means you’re now paying close to a thousand a month for a Nissan Altima
Comment from : Kody Lemire

Interest is gonna be crazy
Comment from : thematmos

It depends on your credit
Comment from : Edward Jones

I know another way - it’s called “buying a car you can actually afford with cash” thanks hope this helps have a Great weekend all 👌
Comment from : hikeskool

No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may statebrbrbrWhere does it say its illegal to do a down payment br(1)brbrthat a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amountbrbr(2)brbrthat a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount
Comment from : Jay Easy

True but they don’t have to sell you a car either Nobody has to finance your bad decisions They usually want a down payment because you’re upside down and you cannot get a loan for more than the car is worth
Comment from : High Tide

Only buy the car you can afford for cash No car loan is gonna make any sense I get so confused when i see people renting a small one bedroom but driving a new car
Comment from : uns33n

Internet has really messed things up dumb af if you don't have the credit they can deny the application Omg who wouldve thought they had the right to deny your loan application ! 🤯🤦‍♂️
Comment from : Dj PriMo

Maybe make a little down payment to have a lower monthly payment
Comment from : Sirch Sullers

Only down payment that makes sense is 100 Grow up people, start being Adults
Comment from : Jeff Kluve

My brother financed a car from a local dealership for $400 a month I went in 4 months later to the same dealership and refused to make a down payment They said fine, except I got the exact same car as my brother (make, year) but I am now paying $689 per month This is not what I had in mind
Comment from : Xavier Cast

That would be true only if a loan is required in the transaction When buying a car, a loan is not required, but is used to complete the transaction brDo your homework before listening to this dribble
Comment from : Nick Brown

Why do people need to show themselves in videos they aren’t in? Wtf is this trend?!?
Comment from : thaintriguing1

That’s cap bro Bring 5 grand with when financing a car When leasing a car, no money down
Comment from : ErryDay 100

This is some of the worst financial advice I have ever heard
Comment from : Just Relax

Mindless drones discussing how to cut their cake 1000 different ways
Comment from : k wins

Congratulations genius You misunderstood a law and went in trying to sound like a smartass know it all just to do what you already could've done anyway You never have to do a down payment Your just an idiot if you don't because it means your gonna pay SO MUCH MORE money in interest
Comment from : VincentVanHalen55

Lol you will pay a whole lot more per month if you do not put a down payment
Comment from : fate_twenty8

The law says "cash" but what about a check or credit card?
Comment from : Osvaldo Ferrer

The most stupidest advice ever
Comment from : NirDavid

Better advice is to save and buy the entire car straight up DONT get a loan and become a slave to the 🏦
Comment from : logan

A down payment is not required but it does help you reduce your monthly payment and to possibly help you to not be upside down as the car depreciates
Comment from : Johnny Lopez

😂😂😂😂 so when your purchasing a car, you do not have to put money down 😂😂😂😂 cash is the incentive for a bank to pick up the loan You have bad credit no credit bad credit history low income, yeah no bank is just going to give you 40k because you say you want it 😅money down goes directly to the bank not the dealership
Comment from : Nooby Moto

Means you can't put the down payment in CASH, debit or account transfer is fine but only dummies buy new cars 😒
Comment from : Travis Burd

If your financing the car they would prefer no Dow Payment brThe more you finance the more they make
Comment from : Jon Kingsbury

I always thought they pocketed that down payment anyway because of what she saidbecause most of the time THEY WANT THE CASH UP FRONT!!! Whatever is on the window of the car is the contract
Comment from : A Campbell

nah you don't have to make a down payment, just pay cash for the whole car and if you can't pay cash for the car find a car you can pay cash for, sure it may be a beater but hey, it's paid for
Comment from : savagenomore

Never put a down payment on a lease vehicle
Comment from : Mark Baylor

It is not against the law to make a down payment when buying a vehicle All that does is reduce the total that you are financing and has nothing to do with the loan/credit etc
Comment from : Rusted Root

so why should you make a downpayment, compound interest
Comment from : mauze king

You really don't understand finance if you think you don't have To make a down payment that is not what the law says You're down payment Is what the finance company demands because they will only finance You for so much of the car not the whole car some of the car So you make a payment to the dealership to bring down The amount owed on the car down to what the finance company will finance you for By all means don't make a town payment Doesn't mean you're gonna get finance for a car you will be denied
Comment from : Eric B

She's off her rocker - 18 USC 1662-2 is about advertising Lets say a downpayment is $1000 - in advertising, it cannot be said "$1000 down" UNLESS the lender more often than not has a $1000 downpayment
Comment from : Turbo Jaxx

The down payment only help the monthly payment to a lower payment that's all its about 100 dollars per thousand you put down
Comment from : Reaper

Bro just stop posting videos 😂 this page got the most bs
Comment from : TheJCraft

Ignant
Comment from : Jessie Montoya

Down payments lower your monthly paymentsnot to mention it's increases your odds of getting a loan
Comment from : TheMoonDr

1000k car note? I'll pass and put down the payment
Comment from : Claudio Pubill

Credit and the price of the car is what decides your payment For every 1000 you put down that only drops your carnote by $20 dollars which in my opinion is NOTHINGKeep your money in your pocket Use that money to split your payment in half so it looks like you're making 2 payments a month its killing the interest example carnote 350 pay prior to your carnote being due pay 175 the 1st payment and a day or 2 before your due date pay the other 175 this will lower the amount you owe by killing the interest And you'll pay that car off faster that way Stop giving these people your money
Comment from : KD

Public schools teach Algebra 🤫 She talking like she cracked the Code, 😆😅🤣 Don't be surprised when the repo truck got Ur new car hooked up
Comment from : Darryll Howard

How stupid is this your monthly payment will be rediculous
Comment from : D wizzle

k kids now go ruin your credit
Comment from : Mach Baill

This is BSbrEveryone who will use this has a credit score of 475 We do not have to sell you a car, nor do banks
Comment from : Ggg Ffff

Who puts money down???
Comment from : IM NUGGET

I’ve never put a down payment on a vehicle or a house My car payment has never exceeded 500$ My jeep Wrangler is 400$
Comment from : Kirarozu

Pay more interest lmao
Comment from : nick tourond

I buy use car out right
Comment from : Audrey King

LMAO! Enjoy the house note It is nice being debt free And all three of my rides are paid for
Comment from : Michael Wright

3 month Later Repo Bi$tch!!!
Comment from : DUKE FJB

Here is better logic $3000 down saves you 30$ a month That’s 100 months to get that money back Car loan is 60-72 months You never get your money back Stay liquid
Comment from : CEPrepper

This is 100 BS You're going to walk into that car dealership and make yourself look like a fool
Comment from : Micheal Smith

The law she's quoting doesn't say that down payments are illegalbrbrIt says what advertisements "to aid, promote, or assist directly or indirectly any extension of consumer credit" cannot state "that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount"brbr1) Asking for a down payment isn't an advertisementbr2) Asking for a specific amount isn't an advertisementbr3) Even if it were an advertisement, the above law says that they can do it if they "usually and customarily arrange downpayments in that amount"brbrAlso, she says to read that law to them when she clearly never read it herself
Comment from : slycordinator

They are not "taking" ur $ u make a down payment to lower ur monthly payment - this dude trying to be a financial guru lol - look up dave ramsey vids on buying a car
Comment from : Luke Goetz

What planet is she from?
Comment from : James Wu

What kind of c*** is this? It is not against the law to make a down payment
Comment from : Chris Broussard

A down-payment helps your payments get lower and less interest over time, meaning the less you pay in the end for the car It's silly to not make a big down-payment If your financing a car Which is a bad idea anyway but sometimes it's what you have to do
Comment from : Dirty D