1000? 2000? What would be the min payment i could give and buy the truck?
2007-02-09 06:24:36 · 5 answers · asked by john 3 in Cars & Transportation ➔ Buying & Selling
the down payment requirements are decided upon by the bank which finances your loan. Their loan value for the vehicle will be based upon your credit.
If you have good credit they can finance 100% of the entire loan.
With $2000 down, your paymens will be approx $184/month
With $3000 down, your payments will be approx $161/month
With $4000 down, your payments will be approx $138/month
These figures are based upon a 60-month loan, and an "ok" credit.
Good luck!
2007-02-09 07:11:34 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
I would say a minimum of 10% would be the best $1000. Of course, the more you put down the smaller your payments will be. You just need to check all your options.
2007-02-09 06:35:01 · answer #2 · answered by F.A.Q. 4 · 1⤊ 0⤋
It all depends upon the payments you can afford - watch out for rip-offs I was totally ripped off on my truck Take an older brother or good friend to the dealer Do not take females
2007-02-09 06:37:21 · answer #3 · answered by hobo 7 · 0⤊ 0⤋
At least 2 grand, that would be 20%
See what your lender would consider adequate.
Remember, the bigger the down, the less you pay out in interest.
2007-02-09 06:36:11 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋
the more the better
lower payments
2007-02-09 06:36:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋