Down Payment

How big or small of a down payment you decide to make depends on your credit and the price of the vehicle you're financing.

You typically can't buy a car with bad credit and no money down, but the good news is that the down payment requirement is often modest.

If you have bad credit and need an auto loan, Seattle car buyers should know that a down payment is often required in order to qualify. But how much do you need?

A down payment is money you pay up front when you buy a big ticket item, such as a car or house. A down payment isn't always required, but it may be if you have bad credit.

You don’t get your down payment back on a vehicle lease, and the only time car lease down payments are refundable is if you back out of the process and don’t sign the paperwork.

Money down on a car is another term for a down payment. Depending on the type of auto loan you apply for, a down payment may or may not be required.

When it comes to leasing, you may be wondering if you need a down payment. The simple answer is no, you don’t. But, if you want to put money down, either in cash or trade equity, a lender won’t say no to the offer.

Your trade-in can be used as a down payment on your next car loan. As long as there’s equity, you shouldn’t have an issue trading in your current vehicle.

It can be tempting to jump into the car buying process, but it can pay off in the long run to take a step back and really prepare for the task at hand – especially when it comes to saving up a down payment for a car. Here's where your money goes, and why a down payment is a big helping hand when you have poor credit and need a car.

You'll almost always need to make a down payment on a bad credit auto loan. Just how much you’ll need depends on the lender’s requirements and the vehicle you choose. So, how do you save for a down payment on a car?