Thread: Down payment
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Old 11-04-2008, 12:11 PM   #4
Mr_Draco


 
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Drives: 2SS/RS
Join Date: Sep 2008
Location: Western North Carolina
Posts: 7,365
Quote:
Originally Posted by njhardc0re View Post
How much you guys putting as a down payment for the 2SS? I'm not sure how much I should be saving for a reasonable car payment!
The general rule of thumb is a minimum of 20% of the total cost (including tax, tag, and title) as the car will depreciate 20% within the 1st year and you don't want to be upside down on a car. As already said put down as much as you can while still being financially secure but 20% is the recommended minimum. Personally I plan on putting down $15,000 on my 2SS.
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