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LEARNING ABOUT CHOICES TUTORIAL

Making a down payment is definitely a way to lower your monthly payment. Here's a comparison with terms taken from Example 5 ($18,000 financed, 3.9% APR, 60-month term).

Example 8

Monthly Payment	Monthly Payment	Monthly Payment	Monthly Payment
$331	$312	$294	$276
Down Payment	Down Payment	Down Payment	Down Payment
$0	$1,000	$2,000	$3,000

TIP

The more you put down, the less your monthly payment - Once you determine what you can afford monthly, you will know how much you have to put down to get to that figure

Putting nothing down comes with a price - but it's spread out over time
Putting a lot down lowers your monthly payment - but you have to come up with the cash up front



Jump to:
1.	You've Got Choices	5.	The "Finance or Lease" Exercise
2.	Alternatives in Financing	6.	The Benefits of Money Down
3.	Low APR or Rebate - How to Choose	7.	Optional Products for Financing or Leasing
4.	Leasing Negotiation	8.	Your Options: A Review
		9.	Resources to Assist You

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The Impact of a Down Payment on a Purchase