How much should I consider putting down on a new car purchase? Is there a fine line between lowering my monthly payments and setting myself up for a big loss if something happens to the new car (e.g. stolen, act of God, accident)?
It's always better to put down more (and if possible, pay cash) in my opinion since that means you're paying less for the car overall. It's the same loss regardless. You definitely never want to owe more than the car's worth.
I am not a financial expert, so I found a few similar questions that members have asked our CERTIFIED FINANCIAL PLANNER™ in the Ask USAA section of the community:
Thank you for posting and good luck!