What kind of down payment do I need to finance a new car?

Many people veer away from financing a new car because they think that the down payment they will “need” will be more than they can afford at the time. However, this is a huge misconception. When buying or leasing a new or used car, you may not “need” a down payment at all.   All a down payment does is help to reduce your monthly payments. Many car dealerships offer Zero Down leasing options. Also, if you have good credit the lender you use for buying a car may not require a down payment. The difference between putting a down ….

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