Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011
Re: VW car finance
[ Edited ]

A down payment isn't necessary under those circumstances but it is highly encouraged b/c it can significantly lower your monthly payments. The more you put down toward the purchase price is less you're financing...

 

A co-signing situation might require significantly more down if you don't qualify on your own.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015