Something like a used car from a private dealer or franchise dealer? Down payment will be $10k and the rest financed. Price range will be $20-25k.
damn, $25 car after 10k down? Why not save for a few days and pay the extra $25?
That aside, as high as they can get you to sign off on.
Expect around 10%. If this is your first car, watch for the shady "financing the whole thing" that some rats will pull.
Basically, they'll put everything on finance, and then deduct your 10K afterward. A lot of first time buyers fall into this trap. Make them finance whatever is left AFTER taken out your 10K. So let's say TTL comes to 30K, you should have to finance only 20K.
Dealership offered me a 9.6% loan for $11k. I lol'd. Next day I went to the credit union, signed up for membership with a $10 deposit and approved a loan at 3.25% up to $12k.
Uh...when??
OP: I have only minimal credit (credit card for two years + car loan for 6 mos, all in good standing) and I got $16,000 from the bank @ 9%. I'm going to guess that you will get a percent or two higher.
Go to credit union and see what they can do for your first.
Go to credit union and see what they can do for your first.