Apply online - The best way to get a car loan with no down payment condition is to apply online with some reliable and reputed national car finance service provider online. If possible, you can get preapproved for a bad credit auto loan. read more
But whether you have poor credit or excellent credit, a down payment can help you in two different ways: It lowers your monthly payment. Every dollar you put down incrementally reduces your monthly car payment. The larger your money down, the lower your monthly payment will be. A no down payment can allow you to shorten the loan term. Instead of lowering your monthly payment you can reduce the length of a bad credit auto loan. read more
The problem with no down payment is that it can leave you in an upside-down situation with a car loan. If you want to sell your car, you could end up with a loss because you owe more than its resale value. Boost Your Credit Report. Credit scores of 680 and higher give you the best chances of persuading a lender to waive your down payment without raising interest rates. read more