What can I expect the down payment to be?

Question

I'm trying to save up enough money before the end of summer to pay for half of a down payment for a 2005 Honda Accord or Civic.

I'm expecting to go to Carmax to purchase one, and the price range I'm currently looking at is 14-15k.

Answer 1

10% to 20% of the purchase price is the typical down payment amount.   On a $15k loan 20% would be $3000.