<prompt> Human: Im in the market for new car in the prices range of 28-32k. I currently have 10k to be towards a downpayment. Question is, is this too much or too little? Whats the rule of thumb when it comes to a down payment on a car?Also what if I put 10k down and decide to trade in the car before Im done paying off the car? Is that even smart?Yes Im a noob.  <response>: Whatever you do, please please read some of these Car loan horror stories from the subreddit.Im assuming you have 10k in addition to your emergency savings of a few thousand dollars? If you are making 100k annually and have your tax advantaged retirement accounts fully maxed out, Im not going to complain about you buying a 30k car. Otherwise, this is a serious luxury purchase at a time in your life when you have much more important things to be doing than blowing tens of thousands on a luxury.FIRST you should decide on the cheapest car you can get by with. THEN you should decide how much to put down, and in general it is as much as possible unless you are getting an extremely low interest rate and would invest the difference. 