Home > Terms > English, UK (UE) > Down payment
Down payment
The amount of cash or net trade-in allowance applied to reduce the cash sales price of a vehicle. Most retail transactions require a down payment of 10 to 15 percent of the amount to be financed. However, the required down payment can be less, depending on your credit standing, ability to repay and other criteria. A down payment helps lower your monthly payment, as well as establish equity in your vehicle.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Automotive
- Category: Automobile
- Company: Toyota
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Geography Category: Countries & Territories
Hua Hin
Hua Hin is a famous beach resort town in Thailand, in the northern part of the Malay Peninsula, some 200 km south of Bangkok. It has a population of ...
Contributor
Featured blossaries
stanley soerianto
0
Terms
107
Blossaries
6
Followers
25 Apps That Will Save You Lots of Money
Category: Technology 1 25 Terms
Browers Terms By Category
- Misc restaurant(209)
- Culinary(115)
- Fine dining(63)
- Diners(23)
- Coffehouses(19)
- Cafeterias(12)
Restaurants(470) Terms
- Software engineering(1411)
- Productivity software(925)
- Unicode standard(481)
- Workstations(445)
- Computer hardware(191)
- Desktop PC(183)
Computer(4168) Terms
- Wireless networking(199)
- Modems(93)
- Firewall & VPN(91)
- Networking storage(39)
- Routers(3)
- Network switches(2)
Network hardware(428) Terms
- Radiology equipment(1356)
- OBGYN equipment(397)
- Cardiac supplies(297)
- Clinical trials(199)
- Ultrasonic & optical equipment(61)
- Physical therapy equipment(42)
Medical devices(2427) Terms
- ISO standards(4935)
- Six Sigma(581)
- Capability maturity model integration(216)