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.

Car buyers with bad credit are usually required to make a minimum down payment when financing a vehicle as a form of borrower participation.

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?

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?