You're not required at all to accept the financing the dealer offers. Just find another bank or financing company, and there's a good chance it's cheaper also.
I am curious is there a Maximum that I can put down when I am financing a used car for sale>? Short Story here, I am looking to but a used car that was selling for $7,600, I told the seller that I would like to put down about 3000 to 4000 and finance the rest..he said that the banks would Probably NOT accept it, because I would only then be financing a small amount? I thought it wouldn't matter? Obviously the dealer and lender would prefer me to finance the whole amount,but I don't want to, and I do have 3500 to put down? Was his answer correct? I am in CT , thanks