It's A Crime To Pay More Than A Dime

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There is a commercial that plays often on the radio around here for a car dealership that claims comedically, "It's a crime to pay more than a dime...down." While I get the 'comedic' element of the commercial, I have never been an advocate of paying little or no money down on a vehicle. Financing is expensive, and who wants to have a payment for the long haul? When we bought our Ford Edge we put down $10,000 and kept our payments below $300 a month. When we bought our Ford F-150 we put down $14,000 and kept payments right at $300 a month. Keeping the payments lower also helps to pay off the loans faster since, at least for us, we can afford higher payments. The commercial claims it's a crime to pay more than a dime down. I say it's a crime to not put down a significant down payment to better manage the financing.