Comments on: Can you get an auto loan without a down payment? http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment Fri, 02 Dec 2011 01:49:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: RateZip.com http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment/comment-page-1#comment-24529 RateZip.com Thu, 01 Apr 2010 04:49:03 +0000 http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment#comment-24529 It is better to avoid the dealership financing unless you have perfect credit. They usually will not have the best deal when your credit is a little bruised. Best to search for national auto loan lenders like Capital One on http://www.ratezip.com/auto.html It is better to avoid the dealership financing unless you have perfect credit. They usually will not have the best deal when your credit is a little bruised. Best to search for national auto loan lenders like Capital One on http://www.ratezip.com/auto.html

]]> By: thorno74 http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment/comment-page-1#comment-24528 thorno74 Thu, 01 Apr 2010 04:13:10 +0000 http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment#comment-24528 "not bad credit, but not perfect" That means bad credit. 725+ score = excellent 675= fair 600=poor under 600= shoot yourself You might be able to get a loan depending on your situation. The only way to know is to shop around. If your score is on the lower end of the spectrum, count on putting money down...a lot of it. Here's a good guide: You're looking at a $13,000 car. Credit Score - Downpayment 800-725 $0 724-675 $0 674-625 $0-$500 624-600 $0-$1000 599-575 $1000-$1500 574-550 $2000-$3000 549-500 $3000-$5000 499 or less ALL OF IT!!! “not bad credit, but not perfect” That means bad credit.

725+ score = excellent 675= fair 600=poor
under 600= shoot yourself

You might be able to get a loan depending on your situation.
The only way to know is to shop around. If your score is on the lower end of the spectrum, count on putting money down…a lot of it. Here’s a good guide:

You’re looking at a $13,000 car.

Credit Score – Downpayment
800-725 $0
724-675 $0
674-625 $0-$500
624-600 $0-$1000
599-575 $1000-$1500
574-550 $2000-$3000
549-500 $3000-$5000
499 or less ALL OF IT!!!

]]> By: top gun http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment/comment-page-1#comment-24527 top gun Thu, 01 Apr 2010 03:27:38 +0000 http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment#comment-24527 What is not bad. if you have under 6754 beacon you will need a down payment. If dept ratio is bad you need down money. If car's book is way less you need down money. For no down payment you need 675 credit with 5n years of good credit history. Also you must have less then 80k miles and less then 6 years old. All in all you will probably need about 2 grand down with inbetween credit as you have. What is not bad. if you have under 6754 beacon you will need a down payment. If dept ratio is bad you need down money. If car’s book is way less you need down money. For no down payment you need 675 credit with 5n years of good credit history. Also you must have less then 80k miles and less then 6 years old. All in all you will probably need about 2 grand down with inbetween credit as you have.

]]> By: crookmatt http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment/comment-page-1#comment-24526 crookmatt Thu, 01 Apr 2010 02:31:14 +0000 http://finance.coolgreatstuff.com/can-you-get-an-auto-loan-without-a-down-payment#comment-24526 Every Auto loan I've ever taken out has been without a down payment. But I also have excellent Credit. The best place is a credit union. They have the best rates. Every Auto loan I’ve ever taken out has been without a down payment. But I also have excellent Credit.

The best place is a credit union. They have the best rates.

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