$1k downpayment on a car? That’s peanuts. We put about $4k down on my 2001 CRV which we bought new.
Just bought a 2005 Chrysler 300C with $1,000 down, and a 6.5% interest rate for 60 months. There are loans being made out there folks.
For those of us at the bottom of the economy, $1K is a lot of money and represents a lot of toil.
There are a lot of people with unrealistic expectations. When I bought a car in 2002, the idiots at the next salesman’s desk were trying to buy a truck they could not afford.
They wanted to buy a $30k truck without any money down. They finally walked out when the sales manager told them that he could not sell them a Tundra, but that they could buy a Tacoma.
It’s kind of ironic that the dealership was doing the right thing even though they looked like the bad guys to the people who couldn’t buy the truck they wanted.
I love my 2000 CRV. :)