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?

If you walk into a car dealership with severely damaged credit (possibly a credit score of 480-580), it may be suggested that you provide a down payment that equals at least 20% of the vehicle’s price. Why?

Consumers with problem credit that need a car loan should always be looking for any way they can reduce the overall expenses inherent in these types of loans.

If you have bad credit, it can be tricky getting approved for a traditional car loan. But, when you work with the right lender, the process goes more smoothly.

When it comes to making a big auto purchase, research and planning is absolutely essential. After all, you don't want to jump into anything too quickly. Past mistakes have taught you that. So, while you're carefully weighing certain options, one thing is definite: You want to have a good down payment saved up. So what qualifies as a good down payment?

One of the questions we are commonly asked about here at Auto Credit Express is how much is needed for a down payment. If you do any sort of research into the subject, you will hear plenty of differing opinions. This is because when it comes to down payments, there is no one-size-fits-all solution. Your ideal down payment will depend on several factors.

Many people choose to put their tax checks towards something vehicle related. If you're spending your tax refund on a car, make sure that you're thinking in terms of long term benefits.

It is possible to get approved for an auto loan with bad credit and no down payment. But it is normally not advised.

Having negative equity in a car can lead to a host of problems if you ever need to sell or trade in the vehicle. However, it can be avoided - or exposure to it can be reduced - with a down payment.

Are you an hourly UAW employee? If so, you should know that a profit-sharing check would make an excellent down payment on a brand new vehicle.