NFCU auto loan question.

[Creditplz]

My mom recently got a new Mercedes at 2.59% APR for 72 months with her navy check.

when she left the dealer she called me happy so I didn't ask much other then price. 

today she called me that the dealer didn't take a down payment and she wanted to put $10k down on the loan to lower the balance & payment. 

can this be done without a refi?? Car was just picked up on Saturday. 

[Brian_Earl_Spilner]

Once the loan is set up she can make 10k payment towards the principal. Same thing pretty much.

[Fico82]

@Creditplz i would contact the dealer and ask but it might be to late if it was last Saturday and she would have to refi unfortunately 

@Brian_Earl_Spilner   i think that if she sends a payment for 10k it will lower the balance but her goal of also lowering payment will not be achieved unless im wrong. What you think ? 

[Brian_Earl_Spilner]

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@Fico82 wrote:

@Creditplz i would contact the dealer and ask but it might be to late if it was last Saturday and she would have to refi unfortunately 

@Brian_Earl_Spilner   i think that if she sends a payment for 10k it will lower the balance but her goal of also lowering payment will not be achieved unless im wrong. What you think ? 

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Oh, got you. Thought was just trying to pay down quicker. In that case the deal would have to be reworked.