Is $1000 a good down payment for a car?

How much should I be paying for a 2021 Honda Accord?

The Edmunds Estimated Invoice Price for the 2021 Honda Accord is $24,632 for the LX base trim with destination fee and popular options. The Edmunds Estimated Invoice Price for the 2021 Honda Accord is the price Edmunds determined the Honda dealership paid Honda for a 2021 Accord vehicle.

Does Honda do 0 down payment?

Our Honda Zero Down program is designed to help making financing your next vehicle easier than ever. On select Honda vehicles, you won't need to put down a deposit to lease it. If you have any questions about the financing process, give us a call today and we'll gladly help you in any way we can.

Is Honda Accord worth buying?

The Accord is affordable, easy to drive, and has a lot of helpful standard features. The ride is smooth, even with a CVT equipped. Overall, it is a vehicle worth investing in, especially since Honda worked out the kinks in the former infotainment system.

What is the monthly payment for a 2020 Honda Accord?

We found that the average APR on a 2020 Honda Accord loan is 5.36% over 70 months with a monthly payment of $397.

How much should I pay for a Honda Accord?

How Much Does the Honda Accord Cost? The 2022 Honda Accord has a $26,120 starting price, which is slightly higher than average for the midsize car class. The price rises to around $32,440 for the midrange Accord EX-L, and it climbs to $38,050 for the range-topping Accord Touring.19 Jan 2022

How much of a down payment do I need for a Honda Accord?

20 percent

How much do a 2020 Honda Accord cost?

2020 Honda Accord Pricing The 2020 Honda Accord has a Manufacturer's Suggested Retail Price (MSRP) starting at $24,800, including the $930 destination charge, for a base LX model. The more recommendable Sport trim starts at $27,460. Prices continue to climb with trims.

How much should I pay for a 2020 Honda Accord EX?

2020 Honda Accord Pricing The more recommendable Sport trim starts at $27,460. Prices continue to climb with trims. An EX-L model, for example, begins just over $31,000, and the top-line Touring model with the 2.0-liter turbo engine starts just beyond $37,000.

How much is a typical down payment on a car?

The specific amount of a down payment will vary depending on the price of the car and the requirements of the financing company, but new cars usually require at least 20 percent of the price of the vehicle for the down payment and used cars usually require 10 percent.28 Apr 2020

Is $1000 a good down payment for a car?

If you're looking to purchase a used car for around $10,000, then $1,000 is a decent down payment. It's widely advised to put down at least 10% of the vehicle's value to increase your odds of getting approved for a loan, and to minimize your interest charges.27 Jun 2021

How much should you put down on a $12000 car?

“A typical down payment is usually between 10% and 20% of the total price. On a $12,000 car loan, that would be between $1,200 and $2,400. When it comes to the down payment, the more you put down, the better off you will be in the long run because this reduces the amount you will pay for the car in the end.