Here is a great question that probably doesn’t come up as often as it should: How much money should you put down when you buy a car?
As with most things in the car buying process, the answer is: it depends.
First of all, let’s talk about why it’s a good idea to have a down payment when you buy a car. The answer is pretty simple: to save you money. And there are two ways having a down payment does that.
The first way is that since you don’t have to borrow as much, you don’t have to pay as much in total interest.…