CAR-BUYING QUESTIONS

Can I buy a car with no money down?

Often yes, if your credit and income are strong enough, and some promotions specifically advertise zero down. The trade-off is a higher loan balance, a higher payment, more interest and a greater chance of being upside down early in the loan, since a new car loses value quickly. If you do put nothing down, consider a shorter term and look into GAP coverage, which can cover the gap between your loan balance and the car's value after a total loss.

General information, not legal or financial advice; rules vary by state and lender.

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