http://ficoforums.myfico.com/t5/Auto-Loans/Does-down-payment-determine-your-rate/m-p/1384991#M21719 <p>Answer may varies depending on the financial institution, but typically putting down a minimum of 20% will get you the best rate. My credit union (BECU) quoted me about 0.10% higher should I not put down 20%.</p><p> </p><p>For factors, check out this thread: <a target="_blank" href="http://ficoforums.myfico.com/t5/Auto-Loans/Factors-Affecting-Auto-Loan-Rates/m-p/1310037#M20635">http://ficoforums.myfico.com/t5/Auto-Loans/Factors-Affecting-Auto-Loan-Rates/m-p/1310037#M20635</a></p> Fri, 04 May 2012 14:03:39 GMT brooklyn86 2012-05-04T14:03:39Z http://ficoforums.myfico.com/t5/Auto-Loans/Does-down-payment-determine-your-rate/m-p/1384751#M21717 <p>Obviously the amount of the down payment effects your monthly payment but does it have any bearing on your rate if you have a score of around 685 - 700?</p> Fri, 04 May 2012 07:27:42 GMT http://ficoforums.myfico.com/t5/Auto-Loans/Does-down-payment-determine-your-rate/m-p/1384751#M21717 TilltedBrim 2012-05-04T07:27:42Z http://ficoforums.myfico.com/t5/Auto-Loans/Does-down-payment-determine-your-rate/m-p/1384991#M21719 <p>Answer may varies depending on the financial institution, but typically putting down a minimum of 20% will get you the best rate. My credit union (BECU) quoted me about 0.10% higher should I not put down 20%.</p><p> </p><p>For factors, check out this thread: <a target="_blank" href="http://ficoforums.myfico.com/t5/Auto-Loans/Factors-Affecting-Auto-Loan-Rates/m-p/1310037#M20635">http://ficoforums.myfico.com/t5/Auto-Loans/Factors-Affecting-Auto-Loan-Rates/m-p/1310037#M20635</a></p> Fri, 04 May 2012 14:03:39 GMT http://ficoforums.myfico.com/t5/Auto-Loans/Does-down-payment-determine-your-rate/m-p/1384991#M21719 brooklyn86 2012-05-04T14:03:39Z