What is the recommended down payment percentage when financing a vehicle?

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Edgar Hernandez Jr.

asked about Buy Car

3 months ago

What is the recommended down payment percentage when financing a vehicle?

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1 Answer

Emmanuel Perez
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Emmanuel Perez
A down payment of at least 20% to 30% is generally recommended. Putting down a larger upfront payment lowers your monthly amortization and reduces the total interest paid over the loan term.
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3 months ago