Down Payment On A Car:

[mg121078]

WHAT IS THE BEST WAY TO GET A NEW CAR?

FINANCE OR LEASE?

HOW MUCH DOWN PAYMENT SHOULD ONE AT LEAST PUT DOWN?

HOW MUCH MONEY DO YOU TAKE OUT FOR A CAR LOAN?

DO YOU PAY MONTHLY WITH A CREDIT CARD OR CASH?

Give me some suggestions. Thanks

 

[2Thick]

Lease unless you plan on keeping the car forever.

10% down. You take out the other 90% from the bank.

Credit or cash does not matter for a car payment...as long as you pay off the credit cards every month.

 

[The Architect]

I wouldn't lease. Then I would put down as much as you could without breaking the piggy bank.

 

[machaveli]

depends on the car dealership and what they will offer. For example, i went to look at a new lexus IS300 and they said i could put $2800 down lease for 39 months at $400 a month then with the option to buy out the car at $19000. to me thats a good deal. otherwise search around for a loan. credit unions are usually good. i got my % at 7 for 5.5 years on a $13000 loan. it came up to be $255 a month w/ no down payment on the car i drive now. good luck