How much $ down?

I was wondering which is better to do, to put as much money down into the car and have payments low or haveing a low money down? Thx for any help.

its generally a better idea to put as much down, so that you have to get a smaller loan, in turn paying off the loan in quicker time...(less interest you pay!!)

Ah, so getting it over with would be wiser. Ok thx alot. :biggrin:

the more down the better, unless you need the cash right now for some reason.. put as much down as possible..

You should put down or borrow enough that you make money. By that I mean, if you have a fair amount of cash to put down, you could probably invest it. If you can do that long term then you should borrow as much as possible and use your own money accordingly. If you don't have lots of money and you live paycheck to paycheck then you'll want to put more money down to reduce your monthly burden.

Don't get hung up on reducing monthly amounts. Remember, every billionaire out there borrows money to pay for everything. They use their cash to make more money then what they'd save by buying something outright.













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