Glossary / General

down payment

18 Episode Mentions
Too Afraid to Ask

A down payment is the money you pay upfront when buying a car. It helps lower the total amount you need to borrow.

Technical Definition

A down payment is an upfront payment made when purchasing a vehicle, which reduces the amount financed and can lower monthly payments.

The Car Curious Weekly

Podcast highlights and car talk, delivered every week.

Help Improve This Entry

Spot an error or have a better explanation? Let us know.