I am looking to buy a used car here in California, a 2020 mazda 6. The car is advertised for 19500. I have 10,000 to put down. Should I put the full 10,000 down or should I only put down 20% then put the rest down after starting to finance the car to ensure the money goes to the principle? Is what I am saying making sense? lol. I purchased a new vehicle before and to this day I am still wondering what happened to the down payment I put down. Someone please help.
Making $10k down will report to IRS, check that too. I’m not sure it’s for some states.
It’s depends on you, also check the warranties and covers that dealership try to load to your finance. Since the see lot of money down they will try to use that advantage