if i buy a car and i want to pay a monthly fee around $150, what would the down payment be?

Asked by Sep 13, 2015 at 01:25 PM about the 2006 Honda Accord

Question type: General

2 Answers

25

That would depend on several factors. How much is the car that you want to purchase? How long do you want your loan to be? My wife and I purchased a car for a little over $6,000 and the type of loan actually needed to be over $6,000 to go through correctly so we were asked not to do an upfront down payment. I am guessing if you went to purchase a more expensive vehicle like over $10,000 then you would start being asked about putting $1,000-2,000 down. All of this varies between how much the car is, what loan options you receive, and how long you want to pay for your car.

1 of 1 people found this helpful.
25,645

Since you're looking at a used 2006 Honda Accord...I would expect the asking price to be in the $7,000 - 10,000 or 11,000 range. If your credit is good to excellent, I would say a downpayment of $1,000-$1,500 would get you that type of monthly payment (or even less) approximately.

Your Answer

Add photo

Related Questions

Search Honda Accord Questions

Honda Accord Experts

#1 Tom Demyan
Tom Demyan
Reputation 2,030
#2 JP1956
JP1956
Reputation 1,550
#3 Jonathan Ford
Jonathan Ford
Reputation 1,480
View All

Related Models For Sale

Used Honda Civic
657 Great Deals out of 88,603 listings starting at $995
Used Toyota Camry
999 Great Deals out of 90,916 listings starting at $650
Used Honda Accord Coupe
179 Great Deals out of 10,520 listings starting at $1,995
Used Nissan Altima
1,027 Great Deals out of 81,562 listings starting at $1,200
Used Toyota Corolla
784 Great Deals out of 73,831 listings starting at $1,995
Used Nissan Maxima
306 Great Deals out of 25,213 listings starting at $999
Used Honda CR-V
896 Great Deals out of 61,170 listings starting at $988
Used Acura TL
233 Great Deals out of 6,297 listings starting at $999
Used Hyundai Sonata
778 Great Deals out of 51,051 listings starting at $1,400
Used BMW 3 Series
973 Great Deals out of 31,729 listings starting at $1,000
Used Dodge Charger
407 Great Deals out of 28,172 listings starting at $1,988
Used Kia Optima
462 Great Deals out of 29,990 listings starting at $1,995
Used Chevrolet Malibu
948 Great Deals out of 79,664 listings starting at $1,500
Used Ford Fusion
1,114 Great Deals out of 83,259 listings starting at $998
Used Toyota Avalon
193 Great Deals out of 13,525 listings starting at $2,211

Used Cars For Sale

2017 Honda Accord For Sale
11 Great Deals out of 54,366 listings starting at $18,973
2016 Honda Accord For Sale
65 Great Deals out of 2,998 listings starting at $14,999
2015 Honda Accord For Sale
102 Great Deals out of 3,438 listings starting at $12,400
2014 Honda Accord For Sale
235 Great Deals out of 7,627 listings starting at $8,900
2013 Honda Accord For Sale
63 Great Deals out of 2,048 listings starting at $8,520

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.