Mystickeith50
forum member
Yes it is.... I usually go by 10% down payment and even then at 40k it is highert.v. 500s/600s with 4k down unless you put 10k down.
Spitballing terms and rates is not effective though since everyone is different.
Yeah I understand you but with a 30-40k price most of the time even with 10. down when you figure tax, tags etc you have almost eaten away your downpayment. I know you do it for a living, but i also know from buying cars in the past that were 30-40k with 10% down and interest between 0%-1.9% what the payment was....just saying.