What is the possibility of my trade-in being used as a down payment?
Well, that would most likely be 100 percent of a possibility. If you have a trade-in, you will want to use it as your down payment. If you have other funds besides your trade-in, that of course will greatly reduce your monthly payments as well, and it might even reduce your interest rate. As stated before, many of these factors are based on you as an individual, and we strive to look at every piece of information on your application and provide you with the used car loan that fits your needs. However, it is good to remember, too, that if you have a trade-in, it may mean that you won’t be required to provide any additional funds up front.
