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Old 10-28-2009, 02:49 AM   #10 (permalink)
mattkim85
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hmm from what i have heard, once you sign all the paperwork
the car depreciates in value 20%. That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much.

20% of $40k is $8000

so IMHO $32,000 - $33,000 sounds about right.
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