Down Payment How Much if Any

Edmunds.comEdmunds.com Member, Administrator, Moderator Posts: 10,316
edited September 2014 in General

imageDown Payment How Much if Any

The recommended down payment for a car has long been 20 percent. But an 11 percent down payment is now the national average. Here are the downsides to a lower down payment.

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Comments

  • spasticpatspasticpat Member Posts: 1
    question....for the 20% down, does this include what my trade in's worth? So for example 20% of a down payment is $2,000, my trade in is valued at $1,000. Would 20% down be $1,000 cash + the $1,000 for my trade in?
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