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Avoid Being Upside Down In Your Car Payments

When buying that new car, one of the most lingering questions always is how much of a down payment should you make?

According to Edmunds and several other publications, it’s a good idea to put a 20 percent down payment on any car purchase you make. The average amount of down payment on a car in the US according to Edmunds was around 11 percent. One of the concerns with using such a small down payment is becoming upside down in the car loan. This happens when you owe more then the car is worth.

To stay away from being upside down in your car payments, read the full article here:

How Much Should a Car Down Payment Be?

About the Author
The Vachon Law Firm is based in Southern California and focuses exclusively on consumer protection litigation.