Should You Put a Down Payment on a Car?

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Information Should You Put a Down Payment on a Car?

Title	:	Should You Put a Down Payment on a Car?
Lasting	:	0.57
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Views	:	87 rb

I've got a degree in accounting and taken numerous finance classes and this man is spitting facts He's on point and y'all will do well to listen to him Take your time, listen to what he's saying over and over again Study and research what he's saying and you'll make a better deal in the long run The bad thing is, SO FEW people understand this stuff SO when you go talk to your friends they'll tell you you're making mistakes because they don't understand this stuff at a deep level
Comment from : Jont Noneya

ITS ILLEGAL FOR THEM TO ASK FOR A DOWN PAYMENT!!!
Comment from : Raul

Wait it out the coming economy crash will drop that 1000 to 300
Comment from : Gordan Pulley

Down payments are illegal is there’s a finance charge 😎😎😎
Comment from : Bobby Whitsett

Second video and no you are leaving out vital information that either you don't know or just left outwhat you are saying is wrong because money alone is not the determining factor of a person's monthly paymentif you have sold cars for as long as you claim you would know this so stop spreading false information
Comment from : imabadmofosofux2

Depends on interest and length of loan my guy brbrBlanket statements like 1k month for 50k loan is misleading…
Comment from : Jig Saw

Thank you GOD BROTHER 💪💯🎯
Comment from : David Nelms Jr

Down payment? That is the first problem
Comment from : Alina Tamashevich

Look this is how cars work for me buy a car outright from a auction or wherever wit less than 70k miles i just buy Toyota Honda Mazda and if the deal is gud nissan thats it if u can get a 2009 Toyota wit 40k miles dats a better car than a 2019 ford Fiesta wit 12k miles
Comment from : unknownopinionoid

Is there any downside to paying for a car outright at the dealership and having a vehicle with no monthly payment?
Comment from : Goyahkla

Thanks got a fan now
Comment from : Michael Privitera

So what is the cheapest way to buy
Comment from : Chris Vinson

I always go for 0 down because if anything happens to your car, your out your down payment
Comment from : Amrit Singh

Thank you, as always, for you wise information and your willingness to open out eyes
Comment from : hughbo52

Longer the loan term the more interest you’ll pay Right?
Comment from : Christopher Schaefer

65 at 600 the math ain't mathin
Comment from : Brewskibob

I hope this is based on inflation Soon they will need to lower because we are headed into a CERTIFIED recession!
Comment from : vcash111

Who's giving 9yr car loans!? Never heard of 108 mo term Weird
Comment from : T J

I have a question,is a 592 credit score bad
Comment from : Zay Brown

I never put a down payment on a car My note is 21100
Comment from : Diva Deb

Isn't there a law that says a down payment is against the law?
Comment from : Fredric Dubose

I really need help here I want a Civic EX 2023, it costs 27k pre feesbrbrI have the money to pay it with cash, but I know is not a good idea to say I will And Im not sure what is the best thing to do, since I don't want to pay interest either by taking a loanbrbrSo let's say we already agreed on a OTD price of 29k Can I put let's say 25k as a down payment and pay the rest within 2 years ? brbrWhat would be the best way to buy the car in my situation, I appreciate any help
Comment from : NunezKant

Your a dragon spitting 🔥
Comment from : JustTheFacts

Boy you good
Comment from : James Jordan

FACTS I worked for Jim Ellis Mazda, Kia and Porsche in the Warranty/Cashier department Processing ALL payments and releasing all keys in the dealership from higher up to the salesmen/women Having access to the cost for brand new cars/used cars from the porter(s) You dropping approved GOLD Sir
Comment from : I AM Crystal Akeia

Wait what, don't give a down-payment?
Comment from : Ivan Nunez

No vehicle is worth going into debt over Cash cars are king?
Comment from : gregory J

Good information Helping out a lot with learning my options 👍
Comment from : john rodriguez

Not in Texas you won't
Comment from : Ronald Waldrup

Since when can you take a car loan for 8-9 years??? The longest you can take a car loan is 72 months
Comment from : Nancy Moore

Great tutorial my boy, but in my experience I never put money down, bc when I get approved by the bank that's it, I tell the dealership I want this number a month period in four with no money down
Comment from : D Sr Davis

Awesome info bro ✊🏾 What is your take on MSRP? And what is the best wait to combat it against the dealership? 🫡
Comment from : Ninja636

I really appreciate this King so much valuable info because I always got clipped on these car deals
Comment from : Glenwood King

I used your wisdom to help my daughter buy her first car You are valuable
Comment from : James Hunter

What about bad credit
Comment from : Michael Mullen

Bro I lovin your car dealer stuff but could u slow down I’m listening bro u talking 2 fast it don’t even look like New York over there 😢my moms dropped me on my head could I get some leverage 😢😮😢u remember me this wild Tyrone from the park King of the playgrounds u know me dog 😢🌭🪠
Comment from : All Mighty 1

That's real math,it makes sense
Comment from : Sean Lee

I shop for new cars at auction and pay cash Idgaf about salvage title if I want to put miles on the car that I already got for half off 😂
Comment from : J A

Such great advice! Thank you!
Comment from : Jason Brewer

Super long loan might outlived the borrower because of "low monthly payments, but yet 10-12 years to pay" 😂
Comment from : Double_O_Shoe

Hey deshone a quick question? I have a 2022 Chevrolet Silverado was thinking of trading up to a higher trim I have had my car for almost two years it had less than 11,000 miles In your opinion what is the best way to go about it I might add I have excellent credit too Thanks
Comment from : Kevin Bingham

Or trade something that has tons of equity
Comment from : gpman1

appreciate it
Comment from : jason griffith

$1667 per $1K on 60 months and $1389 per $1K 72 months
Comment from : Larry Ivey

Great Content 👊🏿
Comment from : TheRealDickRules #therealdickrulesberlin

I’m done with car payments After my wreck my insurance gave me $23K and I used $7K from my savings to buy my last new car and I’m driving it til the wheels fall off😂 hopefully my Honda lasts me til I die And hopefully the govt doesn’t “make” us buy electric vehicles Ain’t nobody got time to stand around charging a car for 20 -30mins lol😅
Comment from : Dianne B

Wow ok, let me start taking notes 📒 💯
Comment from : The Devils Advocate

Man been popping up on my feed so much, idk how I feel about my 2023 Mercedes-Benz c300 $5,000 down & $1,000 monthly payments To top it off now I have no insurance atm Buddy what do I do
Comment from : K 2

So who walks around in life paying attention to other people's car payment😂😂😂
Comment from : BitaBrotha

Good looking out FAM These salesmen/ saleswomen are crooked as a barrel of snakes 🐍 Thanks for speaking out!
Comment from : Dirty Jersey

Nice way of saying focus on the out the door price not the payment
Comment from : triad6425

Why are we talking about payments to the car salesman? Figure out what the total cost you can afford ahead of time, and only talk out the door price (OTD) at the dealership It is the only way to keep you from overpaying on the car
Comment from : Dustin Johnson

I roll my eyes when I see those videos from dealerships where they ask all the people that work there what kind of car they drive and the monthly payment amount They don't tell you all the info that affects the monthly payment calculation like the selling price, how much they put down, whether they bought or leased it or how long the term is
Comment from : Sam Khoury

Great info
Comment from : Mr Relationship Man

For car shopping help and free resources open the Cars From Home Toolkit here wwwCarsFromHomeToolkitcom
Comment from : Deshone The Auto Advisor

Thanks for sharing ❤
Comment from : Voiceovers By Brown Butterfly🦋 🎙

My credit is bad and I need a new car now I can put a certain amount of money down is it worth it Subaru Impreza for 24,000 Please help if you can
Comment from : Gail Edwards

I have a unique situation… i bought a car and 6months later which is now, the dealership tells me they cant retrieve the title so they cant put a proper lien on the car The dealership wants me to come back to see if i find anything i like My question is… do i have the dealership by the balls? Since i agreed to pay $38k for a car and they want me to just swap with them, am I entitled to full refund or a newer car worth the same 38k i agreed to pay? Thanks sobrMuch forbrYour help if you can answer my question!!!
Comment from : SURVIVING NYC