Few things are as stressful as buying a new vehicle. Whether it is fresh off the assembly line or used, chances are you’ll want to strategize in order to get the smartest deal.
Since cars depreciate the moment they’re driven off the lot, the best way to handle a purchase might be to find the vehicle you like, then make the financing work for you. That’s the advice one car salesman is giving potential clients. TikTok creator Joseph (@notdarealyoka) is giving car buyers a lesson about down payments.
Down Payment: Should I Make One?
In a video that’s been watched almost 1,000 times, Joseph enters his manager's office to talk about a customer who has the money but doesn’t want to put it all on a vehicle purchase. His manager, Brian, offers considerations for paying a chunk of money up front.
“There are some benefits to putting money down,” said Brian, who then noted that putting money down will get the buyer into a faster trade cycle.
