The typical down payment for a car ranges between 10% and 20% of the vehicle's total value. For used cars, the down payment is generally closer to 10%, while for new cars, it tends to be around 20%

. Financial experts often recommend aiming for at least 20% down on new cars and 10% on used cars to reduce monthly payments, improve loan approval chances, and secure better interest rates

. However, the exact amount depends on your financial situation, credit score, and the vehicle's price. If you cannot afford the recommended amount, putting down as much as you can without depleting your savings or emergency fund is advised

. Some buyers manage with smaller down payments or even zero down, especially if they have excellent credit or qualify for special financing deals, but these usually come with higher interest rates and greater financial risk

. In summary:

• New car down payment: ~20% of purchase price
• Used car down payment: ~10% of purchase price
• Larger down payments lower monthly payments and interest costs
• Minimum down payment may vary based on credit and lender requirements
• It's best to balance a sizable down payment with maintaining financial stability

For example, on a $40,000 new car, a 20% down payment would be $8,000, while on a $25,000 used car, 10% would be $2,500