Down payment or pay off

Interested in buying a car, it’s around 54k. Currently still owe 9600$ on my current vehicle.
Have 20k for down payment. Was thinking of paying off old car and using rest for down payment.
Sales dude telling just put 20k down and they will “pay off” the vehicle for me.

Either option is better?

Posted Jun 3, 2026, 11:34 PM UTC

215
Loading comments…