Thread: Longest month of my life....
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Old 02-17-2012, 10:28 PM   #8 (permalink)
Polymorphic
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Location: Albuquerque
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Quote:
Originally Posted by MattP725 View Post
Dude that makes no sense... unless they are going to drop your rate or the car price based upon your DP, just get the car now and put that money towards the principle next month... even if you put another 10k (which I'm sure isn't what you're doing) at one month and say 6%, you are only paying an extra 50 bucks in interest and that is again assuming you are somehow coming up with 10k... go get that thing!
If I wait a month for a down payment the total interest/payments will be lower. If I just get it now and put it towards the principle the interest will be based on a higher amount.
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