Make a Down Payment on Your Dream Car in Knoxville, TN

February 21st, 2023 by

Make a Down Payment on Your Dream Car in Knoxville, TN

Ole Ben Franklin Motors, with four car dealership locations in the Knoxville, TN, area, is here to help you afford your dream car. Our One Dime Down guarantee allows you to put just ten cents down on any vehicle on our lot.

Continue reading to learn more about how you can afford a down payment on a car in Knoxville, TN or stop by one of our four dealerships today!

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The Importance of a Down Payment on a Car in Knoxville, TN

When you’re in the market for a new car, the down payment is one of the most important factors to consider. It’s not just the amount you pay upfront, but it also affects the monthly payment, the loan term, and the total interest you’ll pay over the life of the loan. A down payment shows the lender that you’re committed to the loan and reduces the amount you’ll finance, making it easier to manage your monthly payments.

What is the Average Down Payment for a Car?

The average down payment for a car varies depending on the type of car you want to buy, your credit score, and the loan terms you choose. A general rule of thumb is to aim for a down payment of at least 20% of the car’s total cost, but this may not always be possible. If you have a good credit score, you may be able to get away with a smaller down payment, but if your credit is less than perfect, you may need a higher down payment to secure a loan.

Make a Down Payment on Your Dream Car in Knoxville, TN

Financing with Ole Ben Franklin Motors – Regardless of Your Credit History

At Ole Ben Franklin Motors, we believe that everyone deserves a chance to drive their dream car. That’s why we offer guaranteed credit approval to all our customers, regardless of their credit history. Our One Dime Down program allows anyone to buy a car with just a 10-cent down payment, making car ownership a reality for everyone.

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Why Shop at Ole Ben in Knoxville, TN for Your Next Car?

There are many reasons why you should shop with us for your next car. Our knowledgeable and experienced team is here to help you find the right car for your needs and budget. We offer a wide range of financing options and will work with you to find a payment plan that fits your budget. And, with our commitment to customer satisfaction, you can be confident that you’re getting the best possible service and support.

Start Your Journey to Car Ownership With a Ten-Cent Down Payment on a Car in Knoxville, TN

Don’t let the down payment on your dream car hold you back. Visit us at Ole Ben Franklin Motors in Knoxville, TN, and let us help you find the perfect car for your needs and budget. With our guaranteed credit approval and One Dime Down program, you can be driving your dream car in no time.

Visit Our Finance Center