How to Buy a Car near Seattle with No Money Down

Are you in need of a car near Seattle but don’t have money to put down for financing? It’s a common myth that you can’t get auto financing with no money down, but at Washington Auto Credit we are here to set the record straight. We have car buyers come in all the time that are in restrictive financially situations and aren’t comfortable with putting a large sum of money down on their car purchase, and we have a strong record of helping these people find the right car and secure financing. Here are some things to consider if you are interested in buying a car with no money down.

Putting no money down on your car purchase might actually make more sense for you! If you decide to keep the cash you have in your pocket and not put it down on a car payment, it will affect your monthly car payment. However, a lot of the time it doesn’t affect it that much! For many car purchases, putting down a few hundred dollars on a down payment might only affect the monthly payment by a small amount. If your monthly payment only changes by a few bucks, sometimes it makes more sense for the buyer to keep their money in their savings account and have it accessible in case of a rainy day.

Since we work with a wide range of the most capable lenders around, we are able to get many people in Seattle area auto financing without money down. However, sometimes the buyer might need to meet some conditions. To help you chances of getting a no-money down loan, it is beneficial to have a good credit score. The higher your credit score, the more likely you will get a loan without money down and you will most likely get a better finance rate which will result in a lower monthly payment. Many of us don’t have a high credit score and that’s alright! We can help you too! If your credit score is less than ideal, it’s a good idea to see if you can find a co-signer. A co-signer is a second person that signs on the loan so they are partially responsible if payments aren’t made. Getting a cosigner basically just reassures the lender that you are trustable to make your auto payments. If you have a trade-in vehicle with positive equity, this could also help you get a car payment with no money down. Many car buyers at Washington Auto Credit trade in their car since we give great trade in rates for used vehicles.

Since every buyer has a unique situation, it’s best to call us or meet in person to see if you qualify for a no money down auto loan. We are located in Olympia, Washington however we help auto buyers all over the state secure auto financing. To learn more about qualifying, please submit a contact form or call us today at 800-836-8884

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