People Who Make Down Payments and Think They Got a Deal

[DeshoneTheAutoAdvisor]

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[andyleo]

Shop online. Test drive at the dealership. Go home and negotiate by texting. Agree to a price. Go to the dealership and sign the paperwork. Don't spend hours negotiating at the dealership like a clown.

[Mrs.TatiW]

Whoever did not know this already, needs to refrain from buying anything that requires a down payment 🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️

[CJ-fhxq]

Most people are just focus on the monthly payment. They don't even think too much of the interest rate, monthly term, and final price.

[heartspeaks]

Get a pre approval from your bank or credit union and go to a car dealership with your money… get what you want. You pay for bank! No money down ever! My payments have never been over $300 & my newest is a 2021… I’m ever financing with a dealership! My credit union has MY best interest!

[Thryvetogether]

Your “subscribe so you don’t have buyers remorse” was subtle, effective, and placed into your short in a very clever way… subscribed 😎💪

[tiombedavis]

The shenanigans we go through just to buy a car 😫 like why all the BS & SHYSTY ISH!!!! Its sickening frfr

[reggies]

Anyone who didn't know this shouldn't be car shopping alone. I was told never to talk down payment or monthly payments until you settle on the price of the car.

[truthandjustice.]

Take the car without the down payment and then send the five thousand to the lender as first payment..

[lakers]

this is what happen to me on a 2016 Altima paid 7k down ended up paying final payment was 20k on a 14, 995 the car is now worth 10k now on Kelly blue book, listen to this man before you get rob blind. I Wish I had seen this video sooner. thanks, you for sharing THIS INFO SO PEOPLE DONT GET ROB BLIND like me

[daniellaughlin]

It would be great if they taught this in high school along with balancing expenses and a checkbook

[sleepyjoeb.]

Never talk about monthly payment. Negotiate sales price.

[SamKhoury]

I never understood how this isn't obvious. You can make a $100k car cost $200/month with a big enough down payment.

[reginawims]

I purchased a 2023 Lexus GX. I told them payment terms, nothing down, and the amount I wanted to spend on the loan. Drove home happy!😊🙏🏽

[MissSenex]

Remember, there is a thing called positive and negative equity. Before I bought my new car, I made sure my current car was in the positive. I used my car as a downpayment. I only owed $5500.00, and the car was worth $10, 500.00, I even negotiated my APR. I paid my original car off early, so that allowed me to get back my warranty. A lot of people forget your warranty is worked into your monthly payment, so you are entitled to a refund if you payoff or turn your car in early. The refund amount for the warranty was $3000.00. The total amount put down on the new car was $8500.00. No money left my pockets. The old car was paid in full...all positive equity went into my new car. People dont realize that sometimes your new monthly payment will be higher if you have a negative balance left on the old car. That balance does not disappear. It rolls into the new car, which causes your new monthly payment to be sky high. Positive equity vs. negative equity.

[jelaninoel]

You add $1000 to a down payment and it takes off like five bucks lol. Bought my car with no down payment so I could use that down payment money to pay off a few months of the loan instead

[yvetteaadil]

I can’t wait for your master class on the 25th. Thank you, thank you for all the information. Looking to buy a car for Grandson.

[KingDrewPhilip]

I have two cars that I fully own. 2008 Lexus IS250 and a 2015 Toyota Corolla. Absolutely no cay payment and I love it! So liberating to not have this massive car payment per month.

[coniousedwin]

Right and according to consumer law A down payment is not required.

[jmaniac]

With a $50k down payment, your monthly goes down to $0.