Monday, April 8, 2013

How much is my payment

The average car payment is $350.

The average cross over or SUV payment is $450.

If you have excellent credit you might pay a little less, but if you got less than perfect credit you will pay a little more.

A good rule of thumb is for every $10,000 you borrow its typically $200 payment.

For every $1,000 down will typically lower your payment about $20.00

Putting money down could make or break the deal from giving you an approval.

It's a good idea to put a 20% down payment

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