The Alfa Romeo financing department here at Helfman Alfa Romeo is happy to offer incentives to qualified drivers. One offer you might find is the opportunity to finance a vehicle with zero down payment. This can be advantageous for the right person, but there are also some potential drawbacks to this kind of arrangement.
The Pros of Putting Zero Down
An obvious benefit of not putting any money down is that this frees up the money you would have used to make a down payment. If you have other expenses to take care of, you can do that now. You can also put this money away and save it in case you need it to make loan payments in the future.
Another benefit is that this loan can help you maintain or improve your credit score. Just keep making payments on time each month. If you had money saved up for a down payment, it’s even easier to keep up with your loan payments since you’ll have that nest egg to pull from.
The Cons of Putting Zero Down
There are also drawbacks to not putting any money down on that Alfa Romeo SUV. The most obvious one is the size of the loan. The less you put down, the bigger the loan that needs to be taken out, and that means that your monthly payments will have to be higher.
This also means that you’ll end up paying more in interest. So, putting zero down might seem like a good plan, but you’ll have to do some math to figure out if it’s the right choice for you.
Ask About Our Alfa Romeo Financing Offers in Houston
If you want to learn more about our latest financing offers, visit our Alfa Romeo dealership in Houston. We can answer any questions you have about new car loans and the financing process.
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