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Zero down deals are deals that allow you to buy a car, truck, or SUV with no money down. Of course, they will require you to pay for the auto loans somehow though.

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Is It Smart To Buy A Car With 0 Down?

The fact of the matter is that many credit unions and banks offer zero down auto loans for bad credit history. These loans are usually targeted towards people who have a limited credit history or limited ability to repay a loan.

How To Approach Auto Dealers That Offer An Auto Loan On Bad Credit?

The good news is that you can still get zero down car loans if your credit is not so great. The bad news is that the interest rates will be much higher than for people with good credit.

If you are someone who has just started to build your credit score, then the best way out would probably be through an auto dealership where they often offer specials on cars for people with less than perfect credit scores. These offers typically require an initial payment of 10% or 15%. While this may seem like it's too steep, remember that these dealerships are making money off of their markup on the vehicle itself and all you have to do is meet minimum requirements. If you don't become in a position where you can afford the monthly payments in a few months, you can return the car and walk away.

Zero down deals are not typically offered for people with no credit history or whose credit scores are below 600. If your credit is really bad, then it may be much better to find a dealership that offers their own financing rather than going through a bank or credit union. You should note however that these types of loans usually come with very high interest rates and many fees attached.

For anyone who is looking at getting themselves into an auto loan agreement, it would be prudent to check out what kinds of zero down deals will be available for them especially if they have limited or no credit history.