How much down payment do you really need?

There's no single answer — and anyone who quotes one before knowing your situation is guessing. Here's what actually drives it.

What sets your down payment

1. The vehicle — year, make, model and price.
2. Your income and monthly expenses.
3. Your credit history, including any past auto loans.
4. What you're comfortable putting in.

Your trade-in counts

Any equity in your trade-in — what it's worth minus what you owe — can count toward your down payment. Many shoppers need less cash than they expected once the trade is counted. Start with our trade-in page.

Why more down can help

• A lower amount financed means a lower payment
• Less interest over the life of the loan
• Stronger approval odds and sometimes better terms

Tell us your budget

Tell us what you can put down and we'll show you what fits — no guessing. Get pre-approved.