How Much Money - Should I Save To Buy A Car

Experts generally recommend saving enough to cover a substantial down payment and immediate "out-the-door" costs.

: Aim for 20% for a new car to avoid being "upside down" on your loan as it depreciates, or 10%–15% for a used car . how much money should i save to buy a car

To determine how much money you should save for a car, you must account for the , immediate closing fees , and a cushion for ongoing ownership costs . 1. The Target Savings Goal Experts generally recommend saving enough to cover a