Charger RT
3 Answers
That is a purely financial decision that only you can make. No one here knows your finances. If you are really concerned you could consult a financial counselor. If you paid the right price for the 2016 you may have saved a lot over the cost of a new car.
As F_O_R said, it depends on your finances and the price of the used car. The more you can pay for the down payment the lower your payments and financing costs will be. It is never a good idea to do your research after the purchase. Research should be done prior to the purchase. A new vehicle would have cost you more overall and you would take a bigger depreciation hit.
Definitely too much unless your credit is really bad
