2024 Cars for $500 down payment near me - Nov 23, 2019 · He finds a dealer to work with through Auto Credit Express and takes out a $8,500 loan at an interest rate of 16% for 48 months (four years). Without tax, title, and license fees or insurance costs factored in, here’s what his loan would look like with different down payment amounts: Down Payment. Monthly Payment. Total Interest Paid. $500 ...

 
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