How much of a down payment do lenders require when purchasing a car?

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While lenders may require a down payment anywhere from 10% to 40%, the best choice would be to aim for a down payment of 20%. This allows you to borrow less money overall, which means you'll pay less interest over time. Additionally, a down payment of 20% helps you avoid being "underwater" on your car loan, which means you owe more than the car is worth. This can put you in a difficult financial situation if you need to sell the car or if it is totaled in an accident.

How Much of a Down Payment Do Lenders Require When