how much do u really need to put down on a car if you want a low monthly payment? im trying to get me a benz. i got enough for it but dont want to pay the whole thing off. i was wondering how much u gotta throw down to pay at least 200 to 300 dollaz a month. i gotta clean credit score and a pretty decent job.
downpayments on new cars...
- Thread starter ayo4yayo
- Start date
your credit has to be hella good to get it down that low im assuming....my payments are 385 and it my truck was my first big purchase....i had one credit card that i bought only 700 dollars of random bullshit on...so i had almost no credit....
my shit is almost payed off....but like dude said buyin a car is the worst investment you can make in your life....
my shit is almost payed off....but like dude said buyin a car is the worst investment you can make in your life....
Never put down any money on a car from a dealership (unless you plan on keeping it until it's completely paid off).
I put no money down, got my '06 Charger brand new last year, but I only keep cars for 2 or 3 years at a time.
Most people say they want to put some money down because it will lower your monthly payment, but it's all in the negotiations. My car was right around 30k, and I pay $400 a month, with no down payment given.....I asked the the car salesman some scenerios and if I put 2k down at the beginning, it would lower my payment by $13 a month...nothin big.
I put no money down, got my '06 Charger brand new last year, but I only keep cars for 2 or 3 years at a time.
Most people say they want to put some money down because it will lower your monthly payment, but it's all in the negotiations. My car was right around 30k, and I pay $400 a month, with no down payment given.....I asked the the car salesman some scenerios and if I put 2k down at the beginning, it would lower my payment by $13 a month...nothin big.
Yeah I got decent credit, but nothing great.
And yeah, after 2 or 3 years, I'll take the car I have into the dealership where I wanna cop my new whip at and go from there.
Like I said, it's all in staying tough with your negotations. I still had 5 g's in negative equity on my previous ride...took it in, talked the dealership down 5 g's on my Charger, and still got them to take my previous ride, even with the negative equity.
Most salesmen/dealerships will try to use the excuse "This is as low as I can go..this is with me not even having enough to pay my salesman any commision either".........this is always bullshit, so just keep talking them down. Never begin to feel sorry for them. They're only after one thing....
And yeah, after 2 or 3 years, I'll take the car I have into the dealership where I wanna cop my new whip at and go from there.
Like I said, it's all in staying tough with your negotations. I still had 5 g's in negative equity on my previous ride...took it in, talked the dealership down 5 g's on my Charger, and still got them to take my previous ride, even with the negative equity.
Most salesmen/dealerships will try to use the excuse "This is as low as I can go..this is with me not even having enough to pay my salesman any commision either".........this is always bullshit, so just keep talking them down. Never begin to feel sorry for them. They're only after one thing....
No, you are correct. But that is ALWAYS negotiable as well.
First thing you want to do, is negotiate your monthly payment. Work the dealership over real well on this. Then when you find the perfect monthly payment for you, say to them "Alright that payment sounds good, but how much am I going to be paying overall for the car in the end?", and then you can start negotiating that as well.
First thing you want to do, is negotiate your monthly payment. Work the dealership over real well on this. Then when you find the perfect monthly payment for you, say to them "Alright that payment sounds good, but how much am I going to be paying overall for the car in the end?", and then you can start negotiating that as well.
it all depends on numbers. if your talkin bout droppin 5 hun on a car that costs 3gs then your payments are gonna be hella low with an average credit score. if your bitch is gonna cost you like 35gs and your droppin 5hun with some average credit your payments are gonna be like 700+. like said already go check out a website like toyota and play around with their finance calculator.
you trying to get a brand new benz, you ain't gon get one payin 2-$300 a month w/ no money down. also depends how much you tryin to spend. you tryin to get a C230 for 30 racks, or you bout to spend 100 racks on a S550? i'd go to a credit union first before goin the the dealership, prolly get a better rate, and can negotiate as cash.
hell naw mayn the dealership is going to try and milk the consumer for as much money as they can. i work at a dealership as a autotech not a salesman, but i know how shit goes and i've bought brand new cars. go to the credit union first and see what kind of numbers they talkin bout. let the dealership know them numbers and have them either match or beat the credit union. off top though your monthly bill ain't goin be 2-3 bills for a brand new benz without a decent down payment and A+ credit. a c-class ain't even worth spendin the money on no matter how good of a price you can get them at either. so unless you expectin to get at least an e-class or somethin bossy you shouldnt even fuck wit a benz. real talk.
i got good ass credit. plus i have a decent paying job. i also have a side hustle which is LEGAL which i tend to keep private (its legal no drugs around here but its commission yadada) dont know when ill receive the check ya feel me? anyways im planning on putting a fat down payment if anything and can afford the monthly IF it can be under $400. My job right now can handle that plus bills but with the side gig i got that pays commission, i can probably pay the bitch off in 2 checks, but i dont want to do that. any suggestions? leaning towards those new bmw's hardtops.
fuck bmw's those are for girls. unless you coppin a m3,m5 or a 7 series. and like dude above said dont fuck with no c class benz either that shit is also for girls. might as well get a fucken nissan altima. go with a E320,E500,ClS550 and if you ballin like a sav come up on a S-Class aint nothin fucken with that.