The down payment helps protect the bank, credit union or finance company in case the borrower defaults on the loan. A typical down payment is about 20 percent of the vehicle s sale price. The amount a dealership credits you for the used vehicle you provide as partial payment for another vehicle. The amount credited is often about 5 percent below the vehicle s wholesale market value. A fee charged by the state to legally register the vehicle in that state.
Some states charge a flat fee, while others base it on the specific vehicle registered.
Also called a licensing fee. By using this service, you accept the terms of our Visitor Agreement .