Billion Automotive Announces:
The Down Payment Assistance Program
If you are struggling to save enough to make a down payment for an auto loan, there are down payment assistance programs available to help.
Looking for a new car and your credit isn't the greatest? The Down Payment Assistance Program is perfect for you. NO CASH NEEDED. We recognize the sacrifices you make in an effort to save enough money to make a down payment on a new car, and you may meet the total qualifications necessary to actually get the payments you could afford. For some, it just seems impossible! Unfortunately, many eligible car buyers simply have no idea that there are programs out there to help with down payment assistance. If you're looking for down payment assistance, you've come to the right place.
You can now afford an auto loan down payment
Many times in this economy people have the money to afford the monthly payments, but coming up with a large bundle of cash for a down payment can be a struggle. Even if you have poor credit you are eligible for these kinds of auto loans with the Down Payment Assistance Program. There are restrictions on the use of the money. You have to use it on the purchase of an eligible new vehicle.
What's a down payment?
A down payment is the amount of money a car buyer must come up with out of his or her own pocket before qualifying for an auto loan. It represents a fraction of the total cost of the new car.
In the past, down payments were generally 20 percent of the total purchase price. But, in line with the trend to make bad credit auto loans accessible to more people, that number has shrunk. Today, a down payment is not even needed for most cases, and for others the Down Payment Assistance Program is perfect.
How does it work?
In simple terms, a Down Payment Assistance Program involves having the finance company or manufacturer provide the new car buyer with cash for a down payment. By taking part in this program, the finance company can potentially attract a larger number of car buyers to finance through their company. Since we are a Premier Lending Dealer, we are offering this assistance to bad credit buyers. Most other dealers are NOT offering this program. Down payments covered by these programs generally fall in the range of $500 to $5000, depending on the consumer's credit situation and vehicle they choose.
Too good to be true?
There are some excellent Down Payment Assistance Programs. There are also some dubious ones. It's important to confirm that you qualify for this program by picking out a vehicle that offers this assistance. We can help you with that. We are required to adhere to a prescribed set of best practices and a code of ethics, so you'll be in good hands.
*Call us today to take advantage of the Down Payment Assistance Program and for complete program details.
Our average rating from our customers is
I felt that I was greeted very professionally and listened too. My last experience was a little rush rush. I had great service and my vehicle feels like it was detailed this time. Oil was changed aRead More >>
IOWA CITY, IA
Easy to work withRead More >>
CEDAR RAPIDS, IA
clean, efficient, friendly and timely. thank you.Read More >>
They were quick to get me an appt and to get my vehicle doneRead More >>
I can not say enough about your service model. Ride to work and back. Coffee while I wait. No charge for the recall repair and then a free car wash to top it all off. Staff were all friendly and helpfRead More >>
They fixed my issueRead More >>
WEST BRANCH, IA
The service was all excellent. The service desk guy checked my car in right away and Dan Kurovski had my car serviced in no time and always has it working good. Dan always goes above and beyond and vRead More >>
IOWA CITY, IA
I have used Billion for servicing my 2006 Vue for several years now, and always get good service. This time I was coming for an oil change and my wife said she saw a billboard which said veterans couRead More >>
NORTH LIBERTY, IA
When I first called in the service person was indifferent to my need for a car while my vehicle was being worked on. He informed me that there were no vehicles available to me. However when I got thRead More >>
Joel is the "BEST"! It was good to see Danny! I was happy to hear of his promotion to Service Mgr. at you DM store!Read More >>
NORTH LIBERTY, IA