Could I finance the down payment requirement of my auto loan?

Question by gjonesgrad: Could I finance the down payment requirement of my auto loan?
I have an auto loan approval for $ 17,700. The lender says there is a $ 2,500 down payment requirement. Could I get a $ 15,000 car and add the $ 2,500 down payment for a total of $ 17,500 to be financed?

Best answer:

Answer by euroman71
Sure you can. By the way there is no such thing as a downpayment requirement. Everything is negotiable. Your monthly payments will be based on the $ 17,500 you finance plus interest.

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This entry was posted on Saturday, June 16th, 2012 at 7:24 pm and is filed under loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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