How can I find a car with no down payment?

Asked by Rissa2011 Nov 24, 2013 at 03:30 PM

Question type: Shopping & Pricing

Had an accident and my car was totaled. My insurance won't cover it and it was very unexpected. I don't have money for a down payment and I need a car as soon as possible to get back and forth to work.

2 Answers

265

Most used car dealers have a policy of a minimum amount down. We require at least $1,000.00 as a company policy, not a lender requirement. If you have a credit score over 670 I could most likely find you a lender that might not require a down payment. You stated that your insurance is not going to pay a claim on your current vehicle. If this is the case and that vehicle has a loan that is reported to any of the credit bureaus you might even need a co-signer or co-applicant. You can get pre-approved at your current bank or through one of our many lending institutions just by clicking on the finance link at : www.luxurycarsofdallas.com or www.luxurycarsoftexas.com or call us at 214/726-6130.

My FICO score is 730+. Looking for a monthly payment of @$250. No more than $500 down and a month before the first payment. The vehicle preferred is a Toyota Corolla with less than 100,000 miles. No trade in.

Your Answer:

CarGurus Experts

  • #1
    Bob Beaman
    Reputation
    10,720
  • #2
    James Sparrow
    Reputation
    7,820
  • #3
    Paul
    Reputation
    7,480
View All

Find great deals from top-rated dealers

Search

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.