Think twice before signing up for one of those no or low down payment dealer financing options when buying a new car. A low down payment means you borrow more money, which means you pay more interest over the life of the loan.

Auto dealers are in the business of making money. When you get a break on one aspect of a car deal, you almost always make it up somewhere else. For example, if a dealer offers you a low interest rate, the new car price of the car may be jacked up to compensate. Experts recommend negotiating the exact price you'll pay for the car before you even begin discussing financing.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Car Buying Tip Site? Request a Tip Now!

Guru Spotlight

Joe Wallace

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!