# What is a down payment? And how much should you put down?

This is part of our Car Buyer's Glossary series breaking down all the terms you need to know if you're buying a new or used car from a dealership.

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### When should I contact a mortgage lender?

When You Have A Down Payment Savednn When you have saved up what you believe is enough money for a down payment on a home, it is a good time to meet with a mortgage broker. This can help you determine how much home you can realistically afford with your down payment.
More info : When should I contact a mortgage lender?

### How much should you save up for a new car?

How Much to Put Down on a Car. The general rule for how much to put down on a car is 10% of the sale price for a used car and 20% for a new car. If the used car you have your eye on costs $6,000, that means you should put down at least $600. For a $20,000 new car, plan to pay at least $4,000 upfront.
More info : How much should you save up for a new car?

### How much money should I save for a car?

How Much to Put Down on a Car. The general rule for how much to put down on a car is 10% of the sale price for a used car and 20% for a new car. If the used car you have your eye on costs $6,000, that means you should put down at least $600. For a $20,000 new car, plan to pay at least $4,000 upfront.
More info : How much money should I save for a car?

### How much should I save up for a car?

How Much to Put Down on a Car. The general rule for how much to put down on a car is 10% of the sale price for a used car and 20% for a new car. If the used car you have your eye on costs $6,000, that means you should put down at least $600. For a $20,000 new car, plan to pay at least $4,000 upfront.
More info : How much should I save up for a car?

### How much should I start saving for a car?

How Much to Put Down on a Car. The general rule for how much to put down on a car is 10% of the sale price for a used car and 20% for a new car. If the used car you have your eye on costs $6,000, that means you should put down at least $600. For a $20,000 new car, plan to pay at least $4,000 upfront.
More info : How much should I start saving for a car?