People who don’t regularly shop for cars usually have a lot of questions about the car buying process. One question that comes up frequently is whether or not you can buy a car without putting any money down, or without trading in another vehicle.

So if you’re wondering if you can buy a car without putting any money down, the answer is……..it depends!

Here’s the good news: car dealerships stay in business by selling cars, so it’s in our best interest to help get you into a vehicle, whether you have money to put down or not. So if you’re in the market, it’s always worth looking into it further.

If you’d like to buy a vehicle with no money down, and you have great credit, it usually isn’t a problem. If a financing institution determines that you’re not a risk, then they won’t push to require any money down from you. Of course, other factors will come into play such as your income and the price of the vehicle you’re looking at purchasing, but having great credit will always put you in a better situation than not.

If your credit isn’t so good, then you still could get approved for a purchase with no money down, but it might come with a slightly higher interest rate. It will also depend on the rest of your financial picture and the price of the vehicle you’re looking at.

If you have really poor credit on the other hand, it will be much more difficult to get into a vehicle without putting any money down. A bank will assess the risk and make a determination based on how everything else looks, but you’re much more likely to get an approval with poor credit if you can put some money down.

In any case, if you have questions about buying a vehicle or about the process, feel free to reach out to me and I’ll do my absolute best to get you approved.