I was wondering for a car priced at $27,000 at 60 months how much of a down payment would be required to let's say get a car note of $250 month?
Depends on the tax, tags and fees added in and the interest rate you are quoted. But figure you will be financing around $14K at 3% and your monthly will be around $252.00 Lower interest rate, the lower the amount. So to answer your question, you would need to put down $13000.
If you can only afford $250 per month do not buy a $27,000 car. Try not to finance for more than 36 months.
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