Not Always. If you don’t qualify for the full amount of your purchase a down payment for the loan may be required. If a down payment is required for your rim financing you will be presented with the option of doing so and the down payment will be processed right after you confirm your loan.
After that, it’s business as usual. Your first monthly payment is due at the usual time—about a month after your loan is finalized.
Voluntary down payment
You’re not able to make a down payment if it’s not offered to you for your rim financing. But you can pay down your loan payments with any amount as soon as your loan is confirmed.