Quote:
Originally Posted by m4a1mustang
I thought most people put enough cash down such that they'd never be underwater on their loans?
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It's very rare. Most people try to use their current car as a down payment. If you figure that tax, title and license in AZ is about 10% then add in the instant depreciation. I would guess someone would be looking around 20%-30% down to stay above water from point of purchase.
Now if you buy used... It's A LOT less. But new is ruff.