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Down payment?

 
Old 04-20-2016, 10:39 PM
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Down payment?

I will finance a new GL. I'm going to finalize the agreed to price with the dealer and finance with my credit union. I intend to put additional funds down.


Should I put down money on the car at the dealer or with my credit union toward the loan? Does it matter?

Last edited by tate16t; 04-21-2016 at 05:08 AM.
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Old 04-21-2016, 11:32 AM
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2015 - GL 550
Originally Posted by tate16t View Post
I will finance a new GL. I'm going to finalize the agreed to price with the dealer and finance with my credit union. I intend to put additional funds down.


Should I put down money on the car at the dealer or with my credit union toward the loan? Does it matter?
Doesn't matter, but putting it with dealer is what lot of people does. But with Credit Union I believe once you have the purchase order submitted you gotta give the CU your down payment and then they wire the money (cost of car) to the dealer or cut a check.

With CU it is little different again it depends on each CU.

Thanks
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Old 04-21-2016, 07:34 PM
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Originally Posted by Dreamszalone View Post
Doesn't matter, but putting it with dealer is what lot of people does. But with Credit Union I believe once you have the purchase order submitted you gotta give the CU your down payment and then they wire the money (cost of car) to the dealer or cut a check.

With CU it is little different again it depends on each CU.

Thanks
Thanks I did just that, submit it with the dealer.
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