What's a good percentage of a cars value should I put down as a downpayment for financing?

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When buying a car...?

Put down as much as you can. THe more money you put down the less money you will have to pay in interest to the bank. It would be useless for me to say "put down 20%" becuase I dont know you and I dont know what you can afford. The best amount would be 100% and use no financing and then laugh at every abnk you drive by.

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How much do you think Mustangs (the car.. DUH!) would cost by 2009?

The more the better, but 20% is good.

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Besides a house or a car, name the most expensive purchase in someone's life.?

Fianacial institutes usually require 10% but you can give more if you want. It will just bring the repayment down if you give a bigger deposit

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86 z28...I am going to buy one for $3000.00, is that a good deal?

Putting 1/3rd down insures that you will never be "upside-down" i.e. owing more money on the vehicle than it is worth.

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This is based off of the fact that most cars depreciate 30% immediately when you drive them off the lot.

Where can i find technical data for cars that are no longer manufactured? (length, power, mileage, etc.)?

Anyways, magic number, 1/3rd down.

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Too bad most people can't do it because we love to live beyond our means.

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Im 17 & im getting a car for my B'Day & could u guys inform me and my mom on everything we can expect!?

On one hand, it's good to put as much money down as possible because then you won't have to finance as much.

That Darn Repo Man????

HOWEVER, say you put down 20% or more, but then something happens to the vehicle, you're pretty much out that money you put down, because insurance is only going to cover repairs and/or the blue book value of the car.

Is it better to own or to lease a car. If planing to be changing vehicles every yr?

Base your down payment on your interest rate you qualify for. If you qualify for a low interest rate, or even 0% interest, then don't put anything down because you're not going to get it back.

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