<prompt> Human: Hi everyone, buying a used 2013 Rav 4 Limited for 21k at 1.99 APR. I have 9.5k left on my 4.2 APR student loans. I have 10k in the bank. Should I follow the 20 down rule, or is that money better spent on the student loans? I dont need an emergency fund at the moment since Im living with my parents for now. I was initially planning on putting 4k down.Thanks  <response>: Consider adding gap coverage to the vehicle. Your lender should offer it at the time of the loan probably a few hundred bucks. With high loan to value ratios on vehicles, gap coverage kicks in if the vehicle is totaled. That way, if you still owe 19k, but insurance only values the car at 16k, the lender eats the difference. 