20% Down on New Cars

When buying a new or used car from a dealer, make a down payment of at least 20%. That will be a enough to cover taxes and most of the vehicles first year depreciation. Dealerships will gladly sell you a car with less down, but that will leave you with an upside down loan for years. An upside down loans means you owe more than the car is worth.


By Fisher


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Consumer Advice Cars Buying a CarSeptember 29, 2006
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