read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial…

read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial amount to put down as a down - payment, casey approaches the car dealership. the salesperson and the loan officer view caseys willingness to make a high down payment positively. why would casey be considered a lower risk by the lender for planning to make a high down payment? it shows that casey prefers a high - interest rate. it shows that casey is committed to paying off the loan. it shows that casey may not need a loan at all. it shows that casey might refinance the loan soon.

read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial amount to put down as a down - payment, casey approaches the car dealership. the salesperson and the loan officer view caseys willingness to make a high down payment positively. why would casey be considered a lower risk by the lender for planning to make a high down payment? it shows that casey prefers a high - interest rate. it shows that casey is committed to paying off the loan. it shows that casey may not need a loan at all. it shows that casey might refinance the loan soon.

Answer

Brief Explanations:

A high - down payment indicates the borrower's commitment to the loan. It reduces the lender's risk as the borrower has more at stake and is more likely to pay off the loan.

Answer:

It shows that Casey is committed to paying off the loan.