Hey NJ friend!
I’ve covered that topic several times about not overextending yourself - https://jalopnik.com/stop-overbuying-your-cars-1829751357 Read more
I like this idea
That is why I recommeded a Toyota, lol
If you have a 700+ FICO and your debt/income ratio is good, you would likely qualify for the 0% regardless of down payment on a 25k car or 50k car. Typically your down payment has little to do with your APR nor does the MSRP of the car, it comes down to what programs are being offered and your credit worthiness.
Thank you for reading!
Serious dealers will go as deep as they can to beat the competition, but they can only go so deep if A) they have additional deaelr cash rebates to do so and/or B) they know by taking a loss on a car now they can make up for it later with unit bonuses. The letter from reader 1 isn’t some anomoly I’ve spoken with… Read more