When planning to purchase a Jaguar car, one of the first things to do is get your finances in order. You need to create a comprehensive budget so you know exactly what you can afford. A key early step of the Jaguar finance process is figuring out your down payment, and Jaguar Bellevue wants to help with this guide.
How Much Should You Put Down?
The question of how much to use as a down payment is something many car buyers struggle with. While there is no right or wrong answer, you should supply as much as you comfortably can. This is because the bigger the down payment, the less money you will need to borrow. The result can be smaller monthly payments and paying off the loan faster.
A Good Rule to Follow
The conventional wisdom with a down payment is to put up at least 20% of the sale price. This will help trim your financing costs significantly. If you are planning to replace your current vehicle, be sure to check its value. You can then use this to contribute to your down payment and potentially reach 20%. If that number seems out of reach, there are things you can do. Going with a less expensive new Jaguar car is one option. You may also want to consider choosing a pre-owned or Certified Pre-Owned model.
Start the Jaguar Financing Process
Need help figuring out your down payment? Get in touch with the financing professionals at Jaguar Bellevue. They will give you expert guidance that will allow you to make smart choices. If you are ready to get the financing process started, you can fill out our online pre-approval application. Don’t waste a moment — schedule a test drive appointment today!
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Finance