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
This was my first time ever needing collision service. I was very impressed by Daniel, he made me feel very comfortable about choosing Billion over places my insurance company preferred. I certainly hRead More >>
The work was completed on timeRead More >>
WEST BRANCH, IA
for as busy as they were with the weather they managed to get my vehicle done on time.Read More >>
Nick took good care of me.Read More >>
NORTH LIBERTY, IA
Had an outstanding experience on the last service visit and Rob and Nick did a great job! They went above and beyond to make sure my wife was taken care of and all issues were addressed. They had a loRead More >>
Always give me a loaner car to drive while mine is in shop - very nice to not be without a vehicleRead More >>
I got in right away for my vehicle to be serviced and it was quick. Everyone was friendly and helpful.Read More >>
CEDAR RAPIDS, IA
great!Read More >>
NORTH LIBERTY, IA
EXCELLENT DEALERSHIP. THIS WAS OUR THIRD PURCHASE FROM BILLION AUTOMOTIVE. WORKED WITH ERIC STELTER AND ERIC DAVENPORT. BOTH VERY PROFESSIONAL, FRIENDLY, HELPFUL. WILL NOT GO ANYWHERE ELSE. ALREADY HRead More >>
CEDAR RAPIDS, IA
we checked in with the service advisor and in talking to him we found out that are oil change that we scheduled was too soon we were not informed at the time we purchased our vehicle that the oil lifeRead More >>