<prompt> Human: My wife and I are looking to purchase a used car. We are pre-approved at 3.09 and we are looking at a 21,000 car. We have 3,000 to put towards the car from an insurance payout after the old loan payoff. My question is, what would be the difference if we put the 3,000 into a down payment, vs. putting 0 down and making our first payment 3,000? How big of an impact does a down payment have?  <response>: It would just be pointless to make a large first payment. Put the money down on the car. 