I am looking to finance the purchase of new 2011 Honda Accord which is priced in the range of 21K and 25K. How much is a reasonable downpayment for the dealer to ask from me? I am asked 5100. Is that too high?How much is reasonable downpayment in new 2011 Honda Accord?It usually requires around 3k to 3500 for a car of that price. Keep the extra money. Thats more money in your pocket for whenever you need it for the car. Extend the payments to 72 months and you will have a lower payment.How much is reasonable downpayment in new 2011 Honda Accord?Depends. If you have no credit, you might need $5000.
If you have perfect credit, you could probably buy with zero down.
The more you put down, the lower your interest and payments.How much is reasonable downpayment in new 2011 Honda Accord?you'll probably want to put down at least 5,500 for the 21k and 6k for the 25k to get a reasonable monthly payment.
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