Choose all of the statements that indicate long-term advantages in placing a larger down payment on a car loan received from a bank. A). Using a larger down payment often results in lower interest rates on the loan for the vehicle.
B) The amount of money placed upfront on a car loan is usually rebated back to the borrower at the end of the loan.
C) Placing a larger down payment on the loan typically lessens the total amount required to be paid back on the loan.
Eliminate
D) Using a larger down payment creates a larger principal on the loan, meaning the interest paid on the loan will be smaller.
E) Putting down more money upfront on a loan allows more money to be invested elsewhere by the borrower during the length of the car loan.