Did y’all know that down payments on cars are illegal

[BrothaZay]

 

[maxamusa]

We should invite her to the Coli and elect her as our treasurer.

 

[MR. SNIFLES]

YES AND NO. IT'S ILLEGAL FOR THE DEALER TAKE THE DOWN PAYMENT.

IT IS PERFECTLY LEGAL TO REQUIRE A DOWN PAYMENT IF THE COST OF THE CAR IS HIGHER THAN THE AMOUNT OF FINANCING YOUR ARE ELIGIBLE FOR.

 

[Dafunkdoc_Unlimited]

She probably believes you are not required to have a Driver's License to 'travel' using your car, either.​

 

[Thurgood Thurston III]

Wait, is she right or wrong?

 

[Dafunkdoc_Unlimited]

Wait, is she right or wrong? ​

She's wrong AND stupid.

Read what @MR. SNIFLES said.​

 

[BrothaZay]

She's wrong AND stupid.​

Prove it

 

[Standing on business]

Brothazays Facebook feed

 

[Dafunkdoc_Unlimited]

Prove it

Is it legal for a car dealership to ask for a down payment?

CAR dealerships may ask for a down payment when you purchase a new vehicle. Making a down payment can benefit you in the long run – but here’s what you need to be aware of. A down payme…

www.the-sun.com

 

[NoMorePie]

Commas and periods exist...

 

[Paper Boi]

Prove it

if a a car costs more than the loan you are approved for then you need to pay that difference

 

[Collateral]

Somebody said OP got ratchet ass friends on Facebook and ever since then I couldn’t unsee it

 

[Ineedmoney504]

Wtf this is stupid and wrong as fukk

 

[Son Goku]

YES AND NO. IT'S ILLEGAL FOR THE DEALER TAKE THE DOWN PAYMENT.

IT IS PERFECTLY LEGAL TO REQUIRE A DOWN PAYMENT IF THE COST OF THE CAR IS HIGHER THAN THE AMOUNT OF FINANCING YOUR ARE ELIGIBLE FOR.

Then these financially illiterate coli posters will wonder why monthly payments are more than 300 bucks when these twitter birds think it's illegal to put money down.

 

[Roger king]

Alot of grown adults need financial literacy. We need to start teaching it to kids from elementary school. You shouldn't go into debt just to own a car which is a depreciating asset