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 — counts toward your down payment. Many customers need less cash than they expected once the trade is counted. Get your trade value in about a minute.

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

Low down payment options

We work with customers at many budget levels, and low down payment options are available on many vehicles. Tell us what you can put down and we'll show you what fits — no guessing. Get pre-approved.