# How much can I bargain down the cost of a used car?

**URL:** <https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173>\
**Category:** General Discussion\
**Created:** [August 17, 2011, 1:30am UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173 "2011-08-17T01:30:50Z")\
**Posts on this page:** 6\
**Page:** 2

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**Author:** ![oscarnappy](https://avatars.discourse-cdn.com/v4/letter/o/3bc359/32.png) [@oscarnappy](https://community.cartalk.com/u/oscarnappy)\
**Post date:** [August 21, 2011, 2:19pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/21 "2011-08-21T14:19:31Z")

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the difference between $222 a month and $265 a month for me, is $2,080 total (minus my extra $500 deposit).

that’s money that I will NOT be spending, so I think I did ok.

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**Author:** ![oscarnappy](https://avatars.discourse-cdn.com/v4/letter/o/3bc359/32.png) [@oscarnappy](https://community.cartalk.com/u/oscarnappy)\
**Post date:** [August 21, 2011, 5:08pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/22 "2011-08-21T17:08:13Z")

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ah…total cost of car financed was $12,376. sticker price was $13,985.

so i did bring them down a bit. 🙂

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**Author:** ![jtsanders](https://avatars.discourse-cdn.com/v4/letter/j/c2a13f/32.png) [@jtsanders](https://community.cartalk.com/u/jtsanders)\
**Post date:** [August 21, 2011, 5:14pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/23 "2011-08-21T17:14:39Z")

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How long was the loan for the first car, and how long is the loan for the one you bought? Are the interest rates the same?

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**Author:** ![oscarnappy](https://avatars.discourse-cdn.com/v4/letter/o/3bc359/32.png) [@oscarnappy](https://community.cartalk.com/u/oscarnappy)\
**Post date:** [August 21, 2011, 8:14pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/24 "2011-08-21T20:14:41Z")

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when i got my car in 2000, I was offered a 12% interest rate from Chase. This is because I basically had no credit history. My uncle gave me 6% instead which saved me some money.

yesterday, I got 3% from Honda. its a 60 month loan. I was first offered $265 a month for 60 months, with a $2,000 down payment. I then got it reduced to $222 a month with $2,500 down.

and as I state above, the price of the car went from $13,850 (+ others fees & crap) down to $12,376 total. I think I did ok.

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**Author:** ![Rod-Knox](https://avatars.discourse-cdn.com/v4/letter/r/a183cd/32.png) [@Rod-Knox](https://community.cartalk.com/u/Rod-Knox)\
**Post date:** [August 21, 2011, 8:35pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/25 "2011-08-21T20:35:11Z")

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You might re-read your contract to be certain that it is for 60 months and not 66.

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**Author:** ![oscarnappy](https://avatars.discourse-cdn.com/v4/letter/o/3bc359/32.png) [@oscarnappy](https://community.cartalk.com/u/oscarnappy)\
**Post date:** [August 21, 2011, 10:49pm UTC](https://community.cartalk.com/t/how-much-can-i-bargain-down-the-cost-of-a-used-car/67173/26 "2011-08-21T22:49:50Z")

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Yup, $222 per month for 60 months…as opposed to $265 a month for 60 months. I just checked again.

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