$500 down on a car no credit check near mildura vic

Let's face it, not everyone has the best credit score or a ton of money to put down on a car these days. However, that doesn't change the reality that situations arise where you need to buy a car with bad credit, including:

  • Your existing automobile has broken down or is about to die
  • Your current vehicle lease is ending
  • You've never had a car before, but need one now
  • You've lost your car in a divorce or bankruptcy proceeding
  • You've moved to an area that doesn't have a public transportation system

Whatever the case may be, the fact is you need an auto loan for people with bad credit for little or no money down and there is no way around it. Well, Auto Credit Express can help. We specialize in bringing together auto dealers and consumers with low credit scores to help individuals buy a car.

Car Loans for People with a 500 Credit Score

$500 down on a car no credit check near mildura vic

If you have a 500 credit score or any score less than 640, you are not alone. If you're not sure what your score is, it will be in your best interest to find out because your credit score has an impact on the terms of any loan that you're approved for. While many people are doing better financially these days, they are still living through the after effects of the downturn that the economy took in the mid 2000's. While they're perhaps no longer unemployed, have moved beyond a home foreclosure and are now paying all of their bills on time, their credit score remains a sad reminder of the rough financial times they went through.

So, when it comes time to get a car loan, even if a person is now in a financially stable position , they still have to look for car financing for poor credit. In fact, more than 1.7 million consumers have applied for auto financing through Auto Credit Express in just the last two years. If this describes your situation, you'll be happy to know that we can help you get approved for a loan to buy a car just as we have countless others in the last 15 years.

Buying Cars for $500 Down When you Have Bad Credit

$500 down on a car no credit check near mildura vic

While it's possible to get a new car with a $500 down payment, many opt to purchase pre-owned vehicles because of the many benefits including:

  • A lower interest rate
  • A lower amount financed
  • A lower monthly payment

Financing these types of automobiles is especially attractive to car buyers with a low income who are on a budget.

Many people think that if they have damaged credit and can only make a low down payment, they are going to be stuck with a cheap used car that is on its last legs from a shady bad credit car lot. Well, it doesn't matter if you have $500 down or no money down, there are plenty of good pre-owned vehicles available to people with less than stellar scores.

Many of the car dealerships we work with in the U.S. and Canada offer a great selection of late model, low mileage, used sedans, trucks and SUVs to pick from. And because their reputation is on the line, they make sure that all the automobiles they put out on the lot are fully serviced and are safe and reliable.

Get Approved for a Low Money Down Car Loan for Poor Credit

As you can see, having a below 500 credit score and only $500 down doesn't have to make the auto financing process difficult. In fact, we've made the process as fast and easy as possible. Best of all, it's free.

  1. Get pre-approved by filling out our online auto loan request form. When you do, you'll find out how much you could qualify to borrow.
  2. We'll arrange for a local car dealership in your area to contact you to review your financial information and make an appointment for you to visit them.
  3. Shop their car lot to pick out the vehicle you want that you know you can afford.
  4. Sign the paperwork and drive away!

You can start online anytime at your convenience and the whole process can take less than two days.

HUGE INVENTORY

We have a huge lineup of pre-owned vehicles to choose from across many locations. Choose between cars, trucks, SUVs, and vans, this wide variety of inventory means that you’ll find a better, more reliable vehicle that fits your needs.  

SEARCH YOUR WAY

Finding a vehicle is easy and convenient at U.S. Auto Sales! We prioritize YOU and your lifestyle because having a car will make your life easier. Search locally, regionally, by make, model, or body style from all U.S. Auto Sales locations.  

THE PERFECT FIT

Your car is an extension of you, therefore your car should fit you. At U.S. Auto Sales we will help you find the vehicle that best fits your current situation. Whether you’re looking for great gas mileage, more room for the kids, or a stylish ride for your daily commute, U.S Auto Sales has the perfect fit for you within your budget.  

What credit score do you need for no down payment car?

Not only might you need to have a decent-to-good credit score to secure a no-money-down loan, but having a good credit score (at least 680 points) is also the best way to prevent a lender from increasing the interest rate they would've given you on a conventional loan.

Can I get a car with 500 credit score with no

It's possible to get a car loan with a credit score of 500, but it'll cost you. People with credit scores of 500 or lower received an average rate of 13.97% for new-car loans and 20.67% for used-car loans in the second quarter of 2020, according to the Experian State of the Automotive Finance Market report.

How can I get approved for a car loan with no credit?

How to Get a Car Loan With No Credit.
Get a Cosigner. If you have a family member or friend with a great credit history who is willing to cosign your loan application, that can help you get approved with a lower rate. ... .
Make a Large Down Payment. ... .
Apply for a No-Credit Auto Loan..

What is the lowest down payment for a car?

In the past, the required down payment on a car was often 20% for new and used vehicles. In recent years, however, drivers have been putting less money down, with requirements as low as 9%.