How Can You Actually Buy a Brand New Car When You Have Bad Credit & Don't Have Any Money Down

There's so much misinformation on the internet about buying cars with bad credit and doing so without the need for a down payment. There are so many half put together websites promoting auto loans and it's hard to know where you can turn to get real help when you have credit problems and need a car.

With experience in the car business dating back 20 years, I'm going to help you to overcome this problem and point you in the right direction. There is no reason for you to have to waste your time with gimmick websites that aren't out for your best interests.

First of all, the necessity of a down payment is primarily based upon one factor of a car sale... PRICE. It's the price of the car in relation to the loan value that determines the need for a down payment. It's not really your credit that determines this. If you get a good deal on a car, the numbers will work themselves out.

When a lender is looking at your credit report and your financial information to determine what you will qualify for, they not only qualify you for an interest rate. They also qualify you for a certain advance. That advance is the amount of money over and exceeding the loan value of the car that they will finance for you.

So regardless of what your approval interest rate or advance amount, getting a brand spanking new car is easily done by simply understanding the system and doing a little bit of research and comparison shopping.