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.
It is always a pleasant visit to take my car in for service. Always pleased. Thank You.Read More >>
As always, prompt, friendly service. Service completed when promised and within estimate.Read More >>
IOWA CITY, IA
sophie did a great job.Read More >>
IOWA CITY, IA
As always the service was great. I was in and out in less than 30 minutes!Read More >>
WEST BRANCH, IA
Had a problem with our key fob. Had purchased a new on in December and it wasn't working. Got appointment to have it checked out, they replaced the fob with a new on. Everything working well now.Read More >>
As usual my Billion team is AWESOME....dropped my car off left instructions on the envelope provided and all my concerns were addressed and car was ready on time.....my ride from work back to the dealRead More >>
My customer service rep was very accommodating. We have had this issue with our car and I finally feel that someone has really looked into it.Read More >>
IOWA CITY, IA
Elliott and Danny could not have anthing better, PERFECT!Read More >>
We thought we might have an issue with the heated seats not working, but were very relieved to find out that we had no problem with our vehicle.Read More >>
CEDAR RAPIDS, IA
Travis was awesome!! Squeezed me in for an oil change on a very last minutes notice. I was in and out in less than a half hour! Plus a free car wash!Read More >>
IOWA CITY, IA