put a down payment? Sorry if this question is somewhat a "dumb" one but the Bank told my dad that he has great credit (considering that he's 61 years old) and he's paid all his other vehicles off back in 2008. I turned 20 back in November. Since I'll be the one who will be paying the monthly payments and my insurance and gas; while my dad will be the co-signer, that means I would still have to put a down payment wouldn't I? If I do need to put down a down payment I plan on putting $3,000 down (if that's good enough).