Quote:
Originally Posted by Mr&Mrs
Down payment all depends on what you want your monthly payment to be. You don't have to put down anything like many have said. I didnt want my payment over 400 dollars a month so I had to put quite a bit down.
|
It also depends on how much you want to save on the price of the car, versus how much you want to keep in the bank over the term of the loan.
If you put down a larger DP, you will pay less interest at a fixed rate, but you'll have less immediately available.