Drive Your Dream Car Today Zero Down Option
Considerations and Potential Drawbacks
While zero down financing offers numerous benefits, it's important to consider potential drawbacks. For instance, opting for no down payment usually results in higher monthly payments, as the total loan amount is larger. This could also mean paying more in interest over the life of the loan, depending on the terms and your creditworthiness2. Additionally, starting with zero equity in the vehicle can increase the risk of becoming "upside down" on the loan, where you owe more than the car is worth3.