How much should you put down as a deposit for a car?

When it comes to putting down a deposit on a car you want to buy, How much is needed? We find out below

Lawrence Minnie

28 Jan 2022 · 08:45Buying a Car

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Take my money

When the time comes to purchase your car and you have decided which make and model will be gracing your garage for the foreseeable future, you will need to work out your personal finances to arrive at what, is hoped, will be a sufficient amount to meet the monthly payment requirement.

A factor that is going to greatly influence your eventual monthly installment is the size of the deposit that you put down.

The question of how much is really simple, as much as you can! The general rule of thumb here is at least 10% but the more you can put down the better it will be for your eventual installment payment.

Written by Lawrence Minnie

Lawrence has been involved with motorsports for almost 30 years. Whether it's two wheels or four, if it has an engine, he will try to race it. This love of motor vehicles has led him to ride, drive, film, photograph, and write about his passion. Freelance for a while but now a permanent fixture on the AutoTrader team for over 7 years, Lawrence contributes written, photographic, and video content for AutoTrader and AutoTrader Bikes.Read more