i have been saving up for a mercedes benz C class its about 36,000 i have

[Filiberto]

20,000 saved up? so i want this new mercedes benz c class 2012 i have never owned a car of my own, im about to be 21 i want this to be my first car! I have $20,000 saved up! the car is priced around 36,000 how much of a down payment should i drop on the car?

 

[Whoisthat]

Not $20000...cars depreciate too much to put that amount of money down on it...although being so young, you may have trouble financing the rest if you don't

 

[Maria]

don't buy it if you can't afford the parts if you get in a car accident.
put down as much as you can so that you don't have to pay so much monthly. leave yourself some money in case of an accident. luxury cars are expensive to fix up. go to the car dealer they can tell you what you would be paying monthly if you put down a certain amount. i don't recommend your very first car to be a brand new one, get a nicer cheaper car. luxury cars are for people who can afford crashing them.

 

[TheCoolPool]

do a down pymt of 5-10 thousand save the rest aside... then monthly should be about 3- 500 a month... if you put down your whole 20 grand or 15 grand you might be hurting when you have to pay for the rest off monthly ...... plus your gonna get hit hard in the arse with insurance for buying a 2012 model benz..

i prefer getting a used mercedes thats 2004-2009 ish also there are other cars you can snag for 20 grand thats better... its not worth losing a kidney... giving all your money to that..

there are other models even nicely taken care of cars that people own themselves ....
maybe avoiding the car dealer is all good... if you cant get the car for 30 or 28,000 i would walk away with your pride.... remeber the older models of benz has some awesome cars with badassery in them ... plus you can get money for some nice rims ... tune up so your car performs 3x better than the 2012 model...plus you have xtra money...... rember mo money mo money mo money .....