As if getting a loan for a new car wasn’t already hard enough, buyers of Chrysler will, in many cases, be expected to put up much larger down payments.

Lenders are worried that values of Chrysler vehicles will drop drastically, leaving them with a liabilty if they need to reposses the car.  Their worries are justified, especially considering Automotive Lease Guide just dropped residual values by 6% on 2009 Chryslers.

If you’re looking to buy a Chysler, don’t be surprised if you need to put up a down payment of up to $8,000.

Of course, if this isn’t a problem, you’re in a better position to negotiate a good deal. Fewer buyers will be able to afford large down payments which means dealers will be more desperate.

Filed under Chrysler.