Special Finance Car Loans for Bad Credit

Frequently Asked Questions

Down Payment FAQ

"Do you have any no money down auto loans that would require not even tags and taxes to be given at time of purchase? My son is 18 and has no credit and needs a car but we don't really have tax or tag money."
There are no money down programs. It is unlikely that your son would qualify by himself. If he applies on his own he would most likely fall into a First Time Buyer program. Most FTB programs require at least 15% of the sale price, not including taxes. If a parent with fair credit was listed as a co-buyer you should qualify for a zero down program.

"Do you finance 100% on a new vehicle? I don't have money for a down payment."
There are zero down payment lending programs. You may also qualify for lending programs that require a down payment if you are purchasing a new car with a rebate or you have a trade in, regardless of it's condition.

My credit score is 534 with a voluntary repo. I will have a co signer with a cosigner with a score of 550. I am willing to put money down but need 30 days to come up with it. I need to get the vehicle today."
The information provided is not enough to determine if you would qualify for a loan. As far a the down payment, differed down payments (30 days) have to be disclosed on the finance contract to comply with the Truth in Lending Act. If it is not it is considered an attempt to deceive the lender. Most lenders do not allow differed down payments. Based on the information you provided I would guess that you would not qualify for a zero down payment program.