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.
Hell no put 2000 down and get you a 4 year finance plan going and always pay a little for on your monthly payment so for example if your monthly payment are 370 always go for that 400 or even 450 if you can it will let you pay off more on the car and less on the interest and after taxes and all you can set the rest of that $8000 for emergencies.