Customers ask us: “What do I need for a down payment?”

One of the biggest questions we get at Capitol Auto Credit is about the down payment for a particular vehicle.

During the application process, customers often ask us straight up: “What do I need to put down?”

The answer to that: It Depends!

Here are the nuts and bolts:

There are several factors that go into deciding what the down payment for a vehicle will be. Some of those factors include the price of the vehicle itself as well as the strength of the application being completed.

There are occasions when an applicant’s background is so strong that we’ll even offer a vehicle loan with no down payment at all!

But putting a small down payment on a vehicle now will help you in the long-run in terms of the overall loan.

Keep in mind that higher down payments mean a greater selection for you to choose from on our lot. A higher down payment will also result in you having a stronger application approval overall, which will lower your total payments in the end.

We advertise that $99 and a job (plus taxes and title fees) can get you a car at Capitol Auto Credit, subject to approval. We’d love to get you into a car that you’d like, and sometimes that requires a bit of a higher down payment.

Whatever the case may be, we're always open to discussing it with you, in person, over the phone or in online chat at www.capitolautocredit.net.

For more answers to your down payment questions, please call us at (608) 246-3624.