FOR EVERY THOUSAND DOLLARS PUT DOWN ON A DOWN PAYMENT HOW MUCH WILL IT LOWER YOUR PAYMENTS?
That depends on several factors.......credit score interest rate trade in? term of loan etc. As an example if you have a $13000 loan at 7.5% no down payment, no trade in. Your payment would go down about $15 per month on a 6 year loan.
Aztec is right. Here's a good calculator where you can type in those parameters and see not only your monthly payment, but your amortization over the life of the loan, if needed. Let me know if you have any questions. http://www.fromcartofinish.com/AutoLoanCalculator.aspx?pgID=NTc=&paID=Nw== Mike www.fromcartofinish.com
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