This is a great question for most car buyers and it’s how to save money for a down payment on a car new or used. Now you can do this for 6 months or a year its up to you on how you want to save your cash.
If you walk in to a car dealership with this type of money you will save up in a year any car dealership in Atlanta will want to work with you to find the right car for you that has a reasonable monthly payment after you put the down payment on the used car.
A used car in Atlanta is usually the smarter choice for any car with a larger down payment. So, let’s get into what you have to save for a down payment on a used car in Atlanta.
How to start saving for a down payment on a used car
Your going to want to save for 12 months to get the most out of this plan. So, start with January you will want to make a chart of what you can save for the car.
January, you want to save $50
February, you want to save $75
March, you want to save $100
April, you want to save $125
May you want to save $150
June, you want to save $150
July, you want to save $150
August, you want to save $125
September, you want to save $100
October, you want to save $75
November, you want to save $50
December, you want to save $25
That’s a break down of what you can save per month. The grand total will be $1,050.00 which is a good amount of money for a down payment on a used car this will allow for you to have a lower monthly car payment and you won’t be paying on the interest for a long period of time.
Breaking down the down payment for your used car
Let’s say you want to buy a car that’s $13k now you’re at a little over 12K and have a 48 month loan on the used car not bad. One thing I will say is if you can put away more savings the better cause that means you will have a larger down payment. So here is the challenge save up for the down payment.
We connect car buyers all day to car dealers in Atlanta that have affordable used cars with different down payment offers on multiple used vehicles.