Is a down payment required when purchasing a vehicle?

Yes, a down payment is typically required when purchasing a vehicle. At Frank Myers Auto, we require a down payment as it helps to offset the overall cost of the vehicle and demonstrates your commitment to the purchase. The amount of the down payment may vary depending on factors such as the price of the vehicle and your credit history. Our team of experienced finance professionals will work with you to determine the appropriate down payment that aligns with your budget and financial capabilities. Keep in mind that a down payment can also have a positive impact on your overall loan terms, potentially reducing your monthly payments or interest rates. Contact us today to discuss your options and find the perfect vehicle that suits your needs and budget.