Can I Buy A Used Car With $0 Down?

My fiance’ and i want to buy a 2005 Hyundai Tiburon which is on sale for $10,999. We probably can put $500 down the most, but is it possible for us to put $0 down? We don’t have a credit card, so we most likely don’t have credit. How will that go? What are the up front fee’s we’d have to pay? Keep in mind, we are first time car buyers. Thanks in advance(:


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This entry was posted on Tuesday, February 9th, 2010 at 8:31 am and is filed under used cars. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Can I Buy A Used Car With $0 Down?”

  1. Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.sinfree.net

  2. you don’t have to put money down. But if you have poor or not credit, it might help. But it is not necessary. I would go to the dealer and try the deal with no money down, they can just add any fees etc. onto the loan so it’s not a big deal. If they can’t do it without any money down, they will tell you and they’ll let you know how much you will have to come up with. But you should be able to do it without anything down.

  3. Yeah, I Bought a used 2008 Dodge cummins for 32K with zero down.
    I have no credit cards, I do make payments on two houses that I rent out though.
    I’d imagine you could ;O Esp if you have combined income. (Thats a big plus..) If you buy it from a dealer they will prolly have like 100 dollar paperwork fee, but you can usually talk them out of that.
    Good Luck, and dont be afraid to be a stubborn a**hole. it’s not like they are going to tell you to leave, heh..

  4. Not a chance.
    First time buyers are at the low end of the totem pole and don’t get those kids of perks.
    I’m not sure why you want to overpay for a Tiburon anyway!
    That’s a price for a 2005 Tib IF this was 2006!

  5. You have ZERO chance at buying a $10999 car with zero down. You probably cant buy with $2000 down.
    Unless you have a cosigner. With a cosigner with great credit & income, you might get it for zero or $500 down.

  6. I think you can but it depends upon how good your credit is. Do you own a home or have you ever taken out a loan? Do you pay your bills on time?
    This can all add up to good credit

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