How Much Is the Average Down Payment on a Car | FINN (2024)

Conventional wisdom dictates putting down 10% to 20% on a vehicle, depending on whether it’s new or used. However, most households can hardly afford to save that amount of money, let alone part with it in buying a vehicle. In most cases, it’s better to consider additional factors before landing on a down payment figure that fits your budget, financial expectations, and risk appetite.

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How Much Is the Average Down Payment on a Car | FINN (2024)
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