I've got a trade in that will go for about 9-12k and I'll be putting down 5-6k cash.

I put 9k. The credit guy also told me some information I didn't know about when applying for credit. It's not just your credit score, it's all about what's in your credit history. I have a credit score of 733, which is more than enough to get past any "Pre-Approval" crap, but since I'm 26 I have a pretty short credit history. My wife and I together make about $200k a year, but because of my lack of credit history banks were only willing to lend an amount that let my payment be $600 a month. Apparently they use your history to determine a safe amount that they believe you will pay every month. According to the guy doing the financing you could make $400,000 a year with a credit score of 780 and not get approved for a $40,000 car. It all depends on what you show inside your credit report.

If anyone here is a credit expert feel free to correct me, this is all information I was given by someone getting the financing setup for my Z and could just be dealer credit mumbo jumbo.

-polarity

$1500. to get the ball rolling, 15k total.

Sounds right to me.

First car I bought was my 97 Formula. I was 19 at the time. My credit score was around the same... in the 700's. But I didn't have enough history (just student loans and 1 starter credit card). They wouldn't approve me without a co-signer. The loan was about $200/mo which really was nothing at all. But because my credit history had pretty much just started, they just wouldn't lend to me alone.

50% of the total cost.

i will buy it in cash.

Im putting down 30%, about 12k

Thats what I did put down 30%

Between cash and trade in, I hope to put down about 50%.

Will depend on how much the down effects the interest rate and how low of a rate I can get. Was quoted 5.0% last month at which I would put as close to 0 down as possible. Would rather have the money in the market at that rate. If it pushes towards 7.0% I will pay up to 100% cash.

1500 for starters, 20 grand total...

3k

11,000 for the trade and another 7k cash -18k total down. Wanted to limit the amount I borrowed...

I'm hoping to put down about 25K. So that way i can have it paid off hopefully within in 3yrs or sooner.:tup:

say the car is 25K, is 4k good for down payment????