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You should have 5-10 percent of the cost. Decide how much you're willing to spend on a car and save up at least that much. Remember that the more you save, the lower the extra cost will be for you!

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Q: How much money do you need for a down payment on a used car?
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Related questions

How much money do you need to start apartments?

probably a couple hundred dollars for a down payment....


How can you be able to make a down payment?

There are all kinds of ways to come up with money for a down payment including savings, borrowing from a family member, taking out a payday loan, using a peer to peer lender, selling stuff you own, or getting a second job. the method you chose deoends on how much money you need to come up with for your down payment.


What do you need for to buy a house?

Some things are - A job, money for down payment and good credit.


How much do you need for a down payment on a 460000 mortgage in vernon bc?

46000


How much would a monthly car payment be on a 21000 car?

Need down, interest rate and term to calculate


How much does one need for a mortgage deposit?

Traditionally a down payment or mortgage deposit was about %20 of the requested loan. Some lenders will accept less than %20 even to no down payment in exchange for higher interest rates. The general rule is the higher the down payment the lower the interest rate.


Can you use a second mortgage as a down payment?

You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.


Where can one obtain a bad credit home loan with no down payment?

It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.


Will you need a higher down payment to get a mortgage with bad credit?

Yes, a higher down payment is typically needed to get a mortgage with bad credit. A down payment of 25% or more will help to get a lower interest rate.


What is advance payment of tax?

If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.


What do you mean by down payment?

When purchasing an item, if it cost a large amount of money, you would be required to pay part of the cost up front. Such as when renting an apartment, you need to put down a deposit. Same idea.


Do you need a down payment for a private sale of a house?

Yes, unfortunately