Hey guys I’m 19 years old and was planning on financing a car. I don’t know anything about this at all and have been trying to do my research before committing. There’s a car I’m looking at that’s $12,500 with an est 21% APR est $12,066 loan and est $2,129 down payment. I’m just curious if I get the loan will that go towards the down payment or does it HAVE to come out of my pocket. Also does this sound like a good deal? Like I said I have no knowledge of financing and what a good or bad deal is. Any help is greatly appreciated (please don’t flame…
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