if when i turn 18 i want to buy a $32000 car how much money will i need for a down payment?

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if when i turn 18 i want to buy a $32000 car how much money will i need for a down payment?

2006-10-14 08:25:56 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

Depends on the your job and your credit score. Car dealers want to know that you will be able to afford (and be able to pay) the monthly payment before they even discuss downpayments.

2006-10-14 08:27:44 · answer #1 · answered by Mr. G 6 · 0⤊ 0⤋

Unless you are an heiress spending that much on a car at 18 is ridiculous. You'll be back on this web site by 20 with one of those "poor me, the bill collectors won't stop bothering me" notes.

2006-10-14 15:32:30 · answer #2 · answered by frugernity 6 · 0⤊ 0⤋

it depends on how much you want your car payment to be. but remember for about every thousand dollars you put down it knocks down your payment like $20.

2006-10-14 08:29:03 · answer #3 · answered by momo 2 · 0⤊ 0⤋