No Down Payment. On average, subprime and deep subprime buyers make up 32 percent of used car loans, and a bit more than 10 percent of new-car loans. Average used-car buyers with a nonprime credit score receive an annual interest rate of 9.29 percent for their auto loans, according to the Experian report.
No Money Down Used Cars. Start your search for a no money down used car from a Drivers Lane partnered dealer. Our dealers have extensive inventory for no money down used cars. If you're on the hunt then fill out our form below to get started. We will redirect you to our partner site LotPro to view up-to-date inventory at our partnered dealers.
Buying a 0 Down Payment Car with Good Credit. Even if you qualify for a 0 down payment offer, you may still want to provide a down payment. Putting cash up front on your vehicle purchase will help in two ways: You will save money in interest fees. By decreasing the balance of your auto loan with a down payment,
Used-Car Financing & Warranty FAQs. You can estimate your payments here using Cars.com's finance calculators. You should have a down payment of at least 20 percent, financing lasting no longer than four years and a principal, interest and insurance total not exceeding 10 percent of your gross household income.
You could put down even less, if you want, or buy a car with no down payment, but the fees and rates are higher. If you can, wait several months before you buy your car so that you can save up for
Financing a car does not have to be difficult. With CarMax, we can help you determine the car finance option that is right for you. Learn more about used car financing.