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lumberjim · 05-24-2010, 08:55 AM

also, most lenders will only lend a certain amount versus the actual value of a car. Capital One, for example won't go over 120% of the invoice or NADA trade value including everything. tax tags, warranties, gap, everything.

Putting minimal cash down limits the dealer's ability to really crack you over the head.

conversely, they set rates based on equity position.....so you could get rates as low as 2.69% for 48 on < 70% LTV (loan to value) ratio deals. There are a lot of factors that go into whether or not putting big money down makes sense.....not the least of which is the availability of said cash....

05-24-2010, 08:55 AM	#68
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	also, most lenders will only lend a certain amount versus the actual value of a car. Capital One, for example won't go over 120% of the invoice or NADA trade value including everything. tax tags, warranties, gap, everything. Putting minimal cash down limits the dealer's ability to really crack you over the head. conversely, they set rates based on equity position.....so you could get rates as low as 2.69% for 48 on < 70% LTV (loan to value) ratio deals. There are a lot of factors that go into whether or not putting big money down makes sense.....not the least of which is the availability of said cash.... __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan