What is the lowest down payment i can get a car for?

Asked by mar8484 Apr 18, 2014 at 05:31 PM about the 2008 Pontiac G6

Question type: Shopping & Pricing

I'm looking for a car that is not more
than 1,000 on the down payment.

3 Answers

5,025

you can get a car for $500 down. but you have to remember your payments will be higher every month. the more you put down the lower your payments will be.

1,315

this will be based on your credit .first time buyer.income.payments.typically its %15 percent of purchase price for first time buyers. *salesman

1,455

Like Roger said above, it will be about your credit and also about the value of the car... there are a lot of institutions out there that will finance over 100% of the vehicle so that you can do 0 down and even include your sales tax (if you are in a state that has sales tax)... BUT they will only do something like that based on the value of the vehicle... if you are buying a car for 10k because you think it is a good deal, but the bank's data says the car is only worth 8k, you're out of luck... on the flip side if you are buying a car worth 10k but the price you're getting is 8k, some banks will finance up to 120% so that tax, title, extended warrenty, etc is included in the loan note... as an example, if you look at Digital Credit union https://www.dcu.org/loans/auto-choices.html you will see they state they will finance up to 120% and there are a lot of lenders out there that will go that route, but the 3 things that will have to be in good standing will be your credit, loan to value on the car and your debt to income ration... Good luck...

Your Answer:

G6

Looking for a Used G6 in your area?

CarGurus has 18 nationwide G6 listings and the tools to find you a great deal.

Postal Code:

CarGurus Experts

  • #1
    BritishTech77
    Reputation
    3,600
  • #2
    Norm Davis
    Reputation
    2,790
  • #3
    Paul
    Reputation
    1,650
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Pontiac G8
1 listing
Used Chevrolet Corvette
16 Great Deals out of 722 listings starting at $10,989
Used Ford Mustang
41 Great Deals out of 1,643 listings starting at $7,999
Used Toyota Camry
44 Great Deals out of 1,134 listings starting at $4,795
Used Pontiac G5
8 listings
Used Chevrolet Malibu
59 Great Deals out of 1,067 listings starting at $1,995
Used Honda Civic
192 Great Deals out of 4,047 listings starting at $440
Used Nissan Maxima
12 Great Deals out of 186 listings starting at $4,995
Used Dodge Charger
26 Great Deals out of 904 listings starting at $5,995
Used Pontiac Solstice
24 listings starting at $12,988
Used Toyota Corolla
138 Great Deals out of 2,314 listings starting at $103

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.