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I wouldn't do it this way.. If you can't afford a 6 month loan at 5.99% down to 3.99% like the one I will be getting at penfed.org, then I wouldn't be getting the car. You are better off saving your money in a savings account until you have enough to make a down payment large enough so that you can easily afford the monthly payments of a regular interest loan. Don't let yourself be a financial situation where you are paying a huge interest rate (even if it is for a longer period of time) just to have the car immediately. How high is the interest rate on this anyways?? Is it over 10%? Doesn't seem worth it if it is don't you think. You are better off leasing with an option to buy in that case..
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