Question

multiple choice question
which of the following is typically not an advantage of borrowing from the dealership to purchase a new car?

• low down payment need
• generally lower interest rates than banks.
• high down payment need
• dealer takes care of everything

Explanation:

A high down payment is a disadvantage, not an advantage, of dealership financing. Low down payments, potentially lower rates vs banks, and dealer handling paperwork are typical perceived advantages of this financing method.

Answer:

C. High down payment need