Low down payment car loans

You don't always need a large down payment to drive away in a vehicle. How much you'll need depends on the lender, the vehicle you choose, your income and your credit history. We'll tell you exactly what your deal needs once we see your application.

Why down payments matter

A down payment lowers the amount you borrow. That can mean:

• A lower monthly payment
• Less interest paid over the life of the loan
• An easier approval, especially with lower credit scores
• Less chance of owing more than the car is worth

Ways to keep money out of pocket low

• Use your trade-in. Equity in your current vehicle can count toward your down payment. Value your trade.
• Pick a vehicle that fits. A lower price means you need less down. Shop our inventory.
• Strengthen the rest of your application. Steady, documented income and a clean recent payment history can make up for a smaller down payment with some lenders.

How much down payment do I need with a 550 credit score?

With a score in the 500s, lenders often look for more money down, but there's no fixed rule. Read 500 credit score car loans and our down payment guide for more.

Your next step

1. Apply online. Get pre-approved in about two minutes. The online form doesn't pull your credit.
2. Talk it through. We'll reach out to go over your options, what paperwork you'll need and which vehicles fit your budget. Rather talk first? Call (445) 260-0398.
3. Drive it home. Visit us at 6735 Essington Ave, Philadelphia, PA 19153, finish the paperwork and test drive the vehicle you picked.

Approval always depends on your application and the lender's review. We'll always be upfront about where you stand.