How to Get a Car Loan with No Down Payment

Most people don't have a bunch of money in the bank just waiting to be spent paying cash for a new car or truck. Real people have real financial priorities like paying rent and putting food on the table. This is where the automotive finance market comes in.

The majority of vehicle purchases are done by financing. Specifically, over 85% of all new vehicle sales and over 55% of all used vehicle sales are financed. With so many car shoppers opting for vehicle financing, naturally there are a lot of lenders who specialize in car loans. Many people get loans through their own banks or credit unions, but approval for those types of loans usually require items that not everyone can provide. For example, not everyone has a great credit score. Good people sometimes encounter bad luck which can take a toll on personal finances. An unexpected medical bill, divorce, bankruptcy, or many other factors can catch you off guard and impact your credit. All too often, life events such as these have a cascading effect. It may start with a divorce and bad credit score, then financial hardship can set in and suddenly you don't even have a down payment if someone will even approve you for a loan. This is one area where Club Auto Credit Network can really help get you back on track.

Down Payment Assistance

We help car shoppers with bad credit in our club to get loan approvals. That can be a game changer for some of our customers, but the bigger benefit for those who don't have the typical 20% down payment is that we provide down payment assistance for our club members who need it. Yes, you really can get a new car, truck, or SUV financed, even if you don't have much cash to put down. Can you really get a car loan with no down payment? Get in touch with Club Auto Credit Network and let us show you what you can be driving home today!