How to Get a Low Down Payment on a Car | Andy Mohr Nissan IN
When you’re looking to buy a new car, something you may be thinking about is how much you’ll have to put down as a down payment. There’s a lot to consider when looking at down payments and at Andy Mohr Nissan we want to provide you with all the information you need to get the best deal.
Keep on reading to learn how Indianapolis, Lawrence, and Speedway drivers can reduce their down payment for their next car.
What Is a Down Payment?
One of the first things you’ll do when you purchase a new car is provide a down payment. This is money that’s provided on the day of purchase on the car and it largely serves to reduce the amount of money on the actual loan.
The actual amount one should offer as a down payment can vary, but when you’re buying a car, it generally sits around 10%-20%. There are some things to consider, though, when looking to reduce the actual money spent on your down payment that can make buying a car easier.
Trade In Your Vehicle
If you’re an experienced driver, you likely have a trade-in that can be used to pay off some of the purchase of your new car. The money provided from your trade-in will be considered a down payment, and so a trade-in will cover part if not all of your expected down payment.
If you’re looking to ensure that your trade-in covers all of the down payment, it’s a good idea to do some research on what your trade-in is worth. From there, you can get an idea of what kind of new car you want to look for to ensure you get a low down payment.
Find the Right Auto Loan
One of the biggest factors in getting a low down payment is finding a lender that doesn’t ask for a large down payment. There are many lenders available to you that will be happy to help you take out an auto loan without much in the way of a down payment.
A good place to start is simply to talk to a finance team member at our dealership to find a suitable lender. We can help you through the auto loan shopping process, so you simply need sit back and let us do the searching for you.
In many cases, there are lenders who will be happy to work with drivers with no credit history and oftentimes these loans include little or no down payment. If you’re looking to get a great deal on an auto loan, be sure to look for special financing offers.
Get a Low Down Payment Auto Loan at Our Dealership
If you’re in search of a new car in the Indianapolis, Lawrence, and Speedway areas, we can help you get a low down payment on your loan. At Andy Mohr Nissan, our goal is to make it easy for you to leave our lot in a car that suits you.
Are you looking to get an auto loan at our Nissan dealership? Explore our website and fill out our available finance application today!
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Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 8:00AM - 2:00PM |
Sunday | Closed |
Monday | 7:30AM - 6:00PM |
Tuesday | 7:30AM - 6:00PM |
Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 8:00AM - 2:00PM |
Sunday | Closed |