What would the down payment be on this???

Question

http://www.autotrader.com/fyc/vdp.jsp?ct=p&car_id=248355504&dealer_id=62985549&car_year=2004&num_records=25&model=RAM1504WD&systime=&make2=&highlightFirstMakeModel=&start_year=2003&engine=&keywordsrep=&keywordsrep=&keywordsfyc=&keywordsfyc=&certified=&fuel=&body_code=32&awsp=false&search_type=both&distance=200&marketZipError=false&search_lang=en&showZipError=n&first_record=76&make=DODGE&color=&keywords_display=&page_location=findacar%3A%3Aispsearchform&min_price=&body_style=TRUCKS&drive=&default_sort=priceASC&max_mileage=&style_flag=2&sort_type=priceASC&address=42718&advanced=y&end_year=2009&pager.offset=75&transmission=&doors=&max_price=&cardist=168

im a country girl and i have a fetish for big trucks and im wanting to get this one in about a year or so, but could one of you all tell me what the down payment would be on this truck?? thanks yall :)

Answer 1

depends largely on your credit.  typically if you don't want to be upside down right from the get go 20% is a good place to start.  on that truck that's 3140... unless you can talk him down a little.

i understand loving trucks, i used to drive a 98 GMC 2500 extended cab 4x4, but with the price of gas where it is and likely to break 5 a gallon next summer, make sure you can afford the feeding the beast before you get one.  my truck was a casualty of that, but fortunately i predicted this price spike and got out before i got stuck...

at 3.50 a gallon, 15K a year at an average of 14 mpg (CR number) you're looking at 3700 annually just for gas.  another 3600 a year for payments and 800 or so for insurance.  you'll need to plan 9K a year (repairs and maint) just to run the truck.

Answer 2

that's up to the finance company. some might allow you to put down as little as $500.

or accept a trade in

the bigger your down payment the lower your monthly payments will be