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Buying a Car with Zero Down Payment


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So you need to buy a car, but you lack the funds for the down payment? This is a tough situation and to make it more difficult, your credit isn’t the best. It may seem the only thing you can do is pay a high interest rate – the rate you want to avoid. But wait…there’s hope – there may be another option.

Usually quite a few banks offer complete funding on the On-Road price of the car - which basically means zero down payment. This of course, depends on your credit score and eligibility.

It’s not popular because car dealerships offer discounts on the car which they won’t mention on the Pro-Forma invoice that is needed to approach the bank to get a loan. The discounts are usually adjusted along with the down payment one pays for the car.

If you don't have sufficient funds to make a down payment on your car, you must contact us, we will help you out.

Do your research – there are online tools that will prepare you before you visit a dealership or reach out to banks, credit unions and specialty finance companies. Take a few minutes and check out a  Payment Calculator, Car Loan Calculator, and Income Calculator