No money down cars can often come as a surprise to most people because you must have really good credit, or you think you do. Really no money down cars is one of the reasons you have such a high interest rate on your car.
Yes, because you don’t have any money down the car dealer than must find the best auto financing and they look at your credit score and payment history. If you don’t have late payments the car dealership will help you out.
What a car dealership wants to see most with car payments
The car dealership looks primarily at your payment history to connect you with the best auto lender. You never really want to go the no money down route on a used car in Dallas Texas because you want to have a little bit of equity in the vehicle even if its $100.
The more money you can save up to put down the better because the less your going to have to finance and that’s good in everyone’s eyes even if you have a co-signer.
Making sure your credit is good for a used car dealership
Here are a few things you can do to make sure your credit is good for a car dealership in Dallas Texas.
- Make sure you make payments on all credit cards
- Don’t open any credit cards
- Don’t close any credit cards that are at least three years old
- Make sure you have a down payment for the used car
Your credit is the one thing that auto lenders will look at the most and pair it with your payments on your credit cards. Making payments even if they are small go a long way with auto lenders. One way to make sure you make payments on your credit cards is to pay even $5 weekly so your end of the month statements don’t look so high.
You can even open a separate bank account for monthly bills and just put money away from the checks you get.
If you need help finding a car dealership in Dallas Texas that can finance you? We can connect you with our network of car dealership to make it easier for you to find the used car you want.