Down Payment Guide
How much do you need to put down at a California BHPH dealer?
Typical Down Payment Requirements
$500
Minimum
Some dealers start here
$1,000
Average
Most common requirement
$2,000+
Higher End
For newer/more expensive vehicles
Why a Larger Down Payment Helps
- ✅ Lower monthly payments
- ✅ Better vehicle selection available to you
- ✅ Shows financial commitment — easier approval
- ✅ Less total interest paid over the loan term
- ✅ Reduces risk of being "upside down" on the loan
What Can Be Used as a Down Payment?
- • Cash (most preferred)
- • Trade-in vehicle value
- • Money order or cashier's check
- • Some dealers accept debit card payments
Note: Requirements vary by dealer. Always confirm accepted payment methods before visiting.