Down payment
I was in a accident was cut off and hit a tree going 55 mph and my baby was totaled. If u want to see picks somebody can show me how to load the pic up using tapatalk that would be nice . since I had a v6 and now that's over with I was just going to upgrade to a ss no need to buy another v6. Question is I put down 5000 to get my v6 what kind of down payment ur thinking I'm looking at with a ss? I was thinking 10,000. Which is all I'm going to put down for the ss. And if anybody wants to share what they put down that would be cool.
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The amount you "put down" is just related to how much you want your payment to be. the more you put down, the less interest you will pay in the end.
You should use a monthly payment calculator like this one: http://www.bankrate.com/calculators/...alculator.aspx And using the interest rate for your loan, and using the number of months of the loan, calculate the amount to put down which results in the monthly payment you can afford. Edit: I have bought a 32,000 car before using only 500.00 down. Do what is best for you. |
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I could of got mine with no money down. It depends on your credit.. I put $20,000 down. I'm paying mine off next week. I do pretty good with my business so it helps. If your credit is ok you should be fine. GOOD LUCK!!! Sorry to here about your car man. At least now you can get the SS.
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A substantial down payment also helps keep you from being upside down in the loan.
I put 1/3 down on the last new car I bought. Down payment depends on you, your credit report your lender. |
It depends on how much $$$ your insurance gives you. I have USAA which value cars on the high side so it would be possible if your insurance values your V6. Make sure to give them all your receipts.
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Like others have said, down payment is pretty much personal preference. I put $0 down on mine.
Sent from the rocket in my pocket, my all powerful DROID BIONIC. |
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yea 20% is standard. it shows you at least have some investment in the vehicle so you will be less likely to walk away from the loan since you stand to lose your 20%. Me myself, I don't buy a car unless I can pay for it in full.
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We paid $20000 down (on a 2ss) and our payment ended up being $312.
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