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In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction .
An excess payment, also known as a deductible, is a fixed contribution that must be paid each time a car is repaired with the charges billed to an automotive insurance policy. Normally this payment is made directly to the crash repair "garage" (the term "garage" refers to an establishment where vehicles are serviced and repaired) when the owner ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
A down payment of 20% on a new car or 10% on a used car is usually sufficient, though your credit score can affect this. The size of your down payment largely depends on the value of the vehicle ...
Other Ways to Make Your Down Payment. There are lots of ways to make a down payment that doesn't involve using your credit card. Here are some safer ways to put money down on a new car. Trade in ...
Bankrate’s take:Many insurance companies will also offer a small discount for drivers who set up autopay.So, in addition to making sure you won't accidentally miss a payment, your premium may be ...
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