OK i have several questions first off
I want to buy a honda accord sedan i wanted to know whats a good down payment if the car is 20K ?
Also what is a good interest Rate when it comes to get an auto loan and what would be the lowest credit score to qualify for the loan ?
Help will be greatly appreciated best answer goes to the person who full answers my question
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the question is
how much can you afford?
look at your expenses, then decide.
i would say about $2,250
don’t take that number…
DECIDE WHAT YOU CAN AFFORD!!!!
good luck!!!!!
A good down payment is about 15%-20% of the purchase price and a good interest rate for someone with good credit (680 or higher) is about 7.5% on a used car. New car rates are a bit lower.