Car Dealerships Bad Credit No Down Payment. With competitive rates and terms, you’ll be leaving with a used car that will fit your budget. Like most car loans for bad credit borrowers, a down payment is a standard requirement.
Lots of car buyers with bad credit want to know if they can get an auto loan with no money down. It’s true that some dealerships will approve a loan without a down payment, but it’s costlier in the long run. Most dealers are looking for at least 10% or $1,000 down, whichever is less.
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So, a negative fico score doesn’t mean you can’t finance your automobile through a lender. This down payment can go a long way to mitigate your bad credit. Used car lots with loans starting at 0, 49, 69, 79, 88, 99, 100, 200, 300, 500, or 1000 due at signing. Keep in mind when you get a zero down car loan you are financing the entire purchase price of the car including anything extra like: