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A down payment of 20% on a new car or 10% on a used car is usually sufficient, though your credit score can affect this. The size of your down payment largely depends on the value of the vehicle ...
If you're in the market for a new or used vehicle, you'll need money for a down payment, which is a portion of the car's total cost that you pay upfront. Down payments can be made with a personal ...
The lowest down payment amount you can put down on a car is zero dollars, but this option can result in higher monthly payments and more overall interest.
In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction .
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
A down payment is the cash available to put toward a car purchase. You can't finance a down payment, so it's smart to save until you have about 10–20 percent of the total car price .