A postdated check is not an acceptable down payment on a car loan and can result in the lender rescinding the deal and cancelling a dealer's contract. The only way to avoid this, if the dealer is agreeable, is to wait until those funds are available before taking delivery.

When you're buying a new vehicle, a down payment can be a huge benefit for you, and it may also make or break your chances of getting approved by a lender. But when you're low on cash, is there a way around this without losing the deal? There are some other options to keep in mind so you can still get approved for that car loan.

When you need auto financing with bad credit, a down payment will provide you with many benefits, yet most people still view it as a drawback.

A recent report from TransUnion says car buyers should expect to need larger down payments as we move into 2018.

Realistically, if you have decent credit, it’s not unheard of to make a $500 down payment. If you’re dealing with bad credit, however, you should expect to put down more. Sure, $500 down may get you financed, but the value of a down payment can be so much more.

Credit cards can be a blessing. They give you the ability to make large purchases without having to prepare a fund in advance, as well as get through emergencies. If a dealership allows you to, you may be able to charge a down payment to a credit card. But, will you be able to afford the monthly credit card payments in addition to the expenses that will come with ownership? That credit card can end up being a curse.

Instead of thinking of a down payment as a hurdle, car buyers with credit issues should think of a down payment as a way to save themselves money as well as a way of contributing to the success of their credit repair efforts.

If you’re in the market to buy a car, you may be aware of the many benefits attached to having a down payment. How can you save enough money to provide one?

The latest information from Experian shows that the average car loan amount is at an all-time high. As a result, consumers are turning to longer-term auto loans to reduce the size of their monthly payments. This auto loan trend can be a dangerous habit for consumers with less than perfect credit. But, luckily, a down payment can help you buck that trend.

A down payment helps you get approved when it comes to bad credit auto loans. Plus, coming up with a down payment comes with other advantages as well.