How much money down?
Please excuse me as this is my first car I am financing by myself!
ALSO ITS REALLY HARD SINCE BMW HASN"T ANNOUNCED PRICES OF THE LSD *HINT HINT*
Anyways, let's assume I spec out my car to be around $47,000.
I know I have to do some math, but are the benefits and disadvantages of putting down 5k, 10k, or even 15k?
I know the more you put down, the lower your monthly payments are. But is there a reason why I don't want to put down so much money (i.e if the car loses value quickly?)
My bank is giving me 1.9% for up to 6 years (I want to do 4), and BMW, assuming their current rates, is 2.99% with 500 loyalty discount and 1,000 college education discount.
Thanks!
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2014 C7 Corvette Stringray - Laguna Blue - NPP Exhaust - Competition Seats
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