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How much should my car down payment be?

How much should my car down payment be?

The more money you put down, the lower your monthly payments will be and the sooner you can pay off your loan. It's estimated that for every $1,000 you put down, your monthly payment is lowered by $50 a month. In some cases, you have the option not to put anything down. However, if there is no down payment, your monthly car payment will be higher.

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