How Much Do You Need to Put Down on a New Car?

Learn how much you need to put down to buy a new car. Explore low down payment options, trade-ins, and financing tips today!

You’re not alone if you’re wondering how much money you need to put down to buy a new car. This is one of the most common questions we get at Hicks Family Nissan in Robstown, TX! The truth is that the down payment can vary depending on a few factors like your credit score, trade-in value, and current dealership promotions.

Here’s everything you need to know about down payments and how to prepare for your visit:

1. Traditional Down Payment Recommendations

As a general rule, most experts suggest putting down 10-20% of the car’s price to reduce your monthly payments and the overall cost of financing. For example, if you’re purchasing a $30,000 Nissan Altima, a down payment of $3,000 to $6,000 would be typical.

2. Zero-Down Payment Options

For buyers with excellent credit, Hicks Family Nissan often offers zero-down financing options. These promotions allow you to drive off without putting any money down, but your monthly payments may be higher.

3. Trade-Ins Can Help

If you’re trading in your current car, its value can be applied toward your down payment. Depending on the car’s worth, you might not need to pay anything out of pocket. Use our online trade-in value tool to estimate how much your car is worth before coming in.

4. Low Down Payment Plans

If you don’t have a lot of cash on hand, don’t worry! Hicks Family Nissan works with a variety of lenders to provide flexible financing plans. Qualified buyers may secure low down payment options as little as $500 or less.

Tips: What to Bring to Check Your Financing Options

When you’re ready to explore your financing options, come prepared to make the process quick and easy:

1. Proof of Income: Recent pay stubs or bank statements to verify your earnings.
2. Driver’s License or ID: A valid form of identification to confirm your identity.
3. Proof of Residence: A recent utility bill or lease agreement showing your current address.
4. Trade-In Vehicle (If Applicable): Bring your car’s title, registration, and any loan payoff information if you’re trading in a vehicle.
5. Credit History Information: While this is often pulled during the application process, it’s helpful to know your current credit score.
6. Down Payment: Whether cash, a check, or your trade-in value, ensure you’re prepared to contribute if necessary.

The amount you need to put down on a new car depends on your unique situation, but Hicks Family Nissan offers flexible options to suit every budget. From zero-down deals to trade-in discounts, we’ll work with you to get behind the wheel of your dream Nissan without breaking the bank.

Stop by our dealership in Robstown, TX, or contact us today to speak with a finance expert. Don’t forget to check out our online financing application to get started from the comfort of your home!