Recent content by oooyeaa

  1. O

    How does approval amount work when you put a down payment on an auto loan?

    I'm not entirely following the financing of a possible auto loan I was approved for. For simplicity, if i was approved for a loan up to $100 and they required a down payment of $20, then why would the maximum amount the company will finance $80? It seems to me that if offered $100 dollars then...
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