Find out how to get a car loan with no down payment

Introduction: When shopping for a new car, the down payment can be a significant hurdle to overcome. However, there is a secret that many people don’t know – you can get an auto loan without paying a down payment. While it may require some know-how and effort, it is possible to find these lesser-known loans and avoid the upfront costs.

Down Payments Aren’t Always Required

Although down payments are often recommended by dealerships and lenders to lower monthly payments, they are not always required. Many dealerships may insist on a down payment, but there are ways to navigate around this requirement.

Know Your Credit Score

Maintaining a credit score of 680 or above can be a key factor in securing an auto loan without a down payment. A good credit score demonstrates your responsibility as a borrower and increases the likelihood of lenders accepting no down payment.

Shop Around for the Best Loan

Take the time to compare different loans from various lenders to find the best deal. Pay close attention to the interest rates as no down payment loans may come with higher APRs. Explore options from different lenders, including banks and credit unions, to find the most suitable loan for your needs.

Use Multiple Offers as Leverage

Having multiple loan offers can work to your advantage. Use your creditworthiness as leverage to negotiate better terms, such as a more competitive interest rate or a loan without a down payment. Comparison shopping is crucial to ensure you get the best deal possible.


Getting an auto loan without paying a down payment is possible with the right approach. By maintaining a good credit score, shopping around for the best loan, and leveraging multiple offers, you can secure an auto loan that fits your needs and budget without the burden of an upfront down payment.

You may be interested: