Can you get an auto loan without a down payment?

I'm interested in buying a used car but I don't have the money for a down payment. Can someone still get financed at a car dealership for an auto loan with zero down? The car I'm interested in is a 2004, costs about $13,000 with low miles.





I don't have bad credit but it's not perfect either.

Can you get an auto loan without a down payment?
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.
Reply: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
Reply: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.
Reply:"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!!!