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Do you have to put money down on a car?

Julian Martin | 2023-06-13 10:01:10 | page views：1276
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Chloe Brooks

Studied at Columbia University, Lives in New York City. Currently working as a fashion designer for a luxury brand.
This means buyers who want to finance the purchase of a $15,000 used vehicle should plan to put at least $1,500 down. Lenders may require more money down on a new car than a used car to offset its quicker depreciation. Typically, an initial payment of 20 percent or more of the purchase price is wise.
2023-06-15 10:01:10
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Isabella Gonzales

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This means buyers who want to finance the purchase of a $15,000 used vehicle should plan to put at least $1,500 down. Lenders may require more money down on a new car than a used car to offset its quicker depreciation. Typically, an initial payment of 20 percent or more of the purchase price is wise.
What's the Right Down Payment on a Car Loan or Lease? - Autotrader
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