<prompt> Human: This is all hypothetical, im just trying to get a better understanding of loans. But say I want a car that cost 10000 from a private owner. I have 3000 saved. So I decide to go to a bank to get a loan, good credit so being approved isnt a problem. Does the bank then give a 10000 dollar auto loan and then I used the 3000 dollars as a down payment? Or do they give me instead a 7000 dollar auto loan and I use my own saved money for the rest of the payment. Im just confused on this aspect of it.  <response>: They mail you a cheque for 7,000 and you give that plus the down payment to the seller. I couldnt image why theyd send you a cheque for 10K unless you asked for that amount of financing. 