Edmunds Answers



  • sylvia 01/07/10 9:26 am PST

    What is the length of the loan? Interest rate? The downpayment will be anything from $0 to whatever you want to put down. You can play with the numbers in the Car Loan Calculator on the site.

    Source: http://www.edmunds.com/apps/calc/Calcul

  • macford 01/07/10 12:05 pm PST

    Average down payment should be about 10% of the loan. In your case, $1,000 would suffice.

    Monthly payment is determined on length of the loan and interest rate... and also depending on the bank / credit union and year of the vehicle you are buying. If you can go 60 months you can see payments around 200 a month, give or take a few bucks.

    Hope this helps.


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