If I were to buy a new car ($14-16K), how much would I need down on it at a typical dealership? I must qualify for a good financing arrangement. I've never bought a car before.
2006-06-27 10:50:29 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Try to have $3,000 or so. You're going to also have to pay for insurance, license plates, city sticker and other things as well as the car.
2006-06-27 11:03:26 · answer #1 · answered by Irish 7 · 0⤊ 1⤋
Are you trading in a car too? does your current car have a loan, if so than hide your cash. They will use it to help pay of your current loan.
If not then use your cash as leverage to get a good loan rate from banks. More cash = a lower payment and less months.
ps: don't let the dealer finance tell you what rates u can get, they add % and pocket it. Go to a bank 1st!!
2006-06-27 18:45:56 · answer #2 · answered by Michael H 2 · 0⤊ 0⤋
It really depends on the financing arrangement you have, and how much you get approved for for your loan. Sometimes you don't have to put any money down. Just depends on how much you want to pay out of pocket, and how high you want your payments to be.
2006-06-27 10:54:03 · answer #3 · answered by Answer Girl 4 · 0⤊ 0⤋
10 %
2006-06-27 10:57:10 · answer #4 · answered by cabcp 3 · 0⤊ 0⤋
10 to 30 percent is normal
2006-06-27 10:56:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You should save up and buy a car that you can pay cash for. That is the best plan!!
2006-06-27 10:52:14 · answer #6 · answered by ubet426 4 · 0⤊ 0⤋
huh
2006-06-27 11:17:40 · answer #7 · answered by Ashley M 2 · 0⤊ 0⤋