When you're planning to buy a new or used Chrysler, Dodge, Jeep, or RAM vehicle, one of the most common questions you might ask is, "Why do I need a down payment?" Understanding the role a down payment plays in the car-buying process can help you make informed decisions and potentially save you money in the long run.
Why is a Down Payment Important?
A down payment is an initial upfront payment you make when purchasing a vehicle. It serves several purposes that benefit…