Rick Kranz

Sep 22, 2023 | kbb.com | Rick Kranz |Russ Heaps |Renee Valdes

Plan on a down payment of at least 20% of the total. The more money you put down, the more you’ll save in interest charges over the life of the loan. Putting down less money often results in a higher interest rate, except in the case of “zero down” finance offers. Don’t put down any more money than is required when leasing, as excess amounts are not refunded in the event of an accident or theft. You have spent months narrowing the search for a new car to just one model.