<prompt> Human: I just bought my first brand new car yesterday. I put 0 down as I walked away with the car for absolutely nothing out of pocket. I financed for 6 years. Im spending a bit over 10 of my monthly income on payments.Now if I understand correctly, the whole reason to putting any money down on a car is to attempt to pay it off more quickly so youd lose less to depreciation?I bought a cheap economy car and dont care to throw away money on depreciation so this doesnt really apply to me correct? And yes there are those of us out there who are willing to burn money in order to get what we what. I know this is a PF no no but thats beside the point.  <response>: The whole point in putting more down or buying a car with cash is to avoid unnecessarily paying interest. 