How much of a down payment should i put on a new car in % terms?

Answer 1

how much do you got?? and how much can you afford?

Answer 2

Most car dealers will except 8-10% but the more you put down the better your payments will be in the long run

Answer 3

For every thousand you put down, it lowers you monthly payment about $50 a month,! Put down as much as you can now, so you dont have the high monthly payments!

Answer 4

ordinarily it isn't based on a %. More or less may be required by the bank you are trying to finance with depending on your credit and the amount you want to finance. Other posts are accurate-the more you put down, the lower your amount financed and therefore the lower your monthly payment. On average, at the dealership where I work, the down payment us usually around $1000-$2000.

Answer 5

as much as u can afford to this will lower ur payment per mt or help u pay it off faster

Answer 6

If your credit is "OK", most banks will give you 85-90% of the vehicle's value.

With a 20,000 car it may be necesary to give 1,500.00 (15%).

If your credit is awesome, no downpayment may be necessary if that is what you prefer.

Good Luck.

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Answer 7

as much as you can.