Car dealerships no credit check no down payment near me

No Credit Car Loan Experts

No Money Down Car Loan Specialists

Fast & Easy Loan Approval

Treasure Coast's Largest Auto Group

At Wallace Auto Group, we understand that things can happen that may impact your credit score. Even if you’ve missed a few payments, we still want you to be able to secure subprime financing that fits your needs. From no-money down car loans to first-time buyer auto loans with no credit and more, our car dealerships near Port St. Lucie, FL, are here to help. No matter if you have poor credit or no credit history at all, you can take home the new or pre-owned car, truck or SUV you’ve been eyeing with a subprime auto loan.

With 10 locations and a full team of financing experts to help you secure optimum subprime auto financing rates, Our Treasure Coast dealerships are here to serve your needs. Head to our Hyundai dealer near Port St. Lucie, FL, to shop our new Hyundai Elantra and Sonata sedans. Need a heavy-duty truck to help you with jobs around South Florida? Our Stuart, FL, Ram dealer has Ram 1500 trucks for sale. Or, finance a new family-friendly SUV at our Chevy or Nissan locations, like the Chevrolet Equinox or Nissan Rogue.

If you’re interested in buying a new car for sale or would like to browse our pre-owned inventory, know that our financing professionals will be able to secure you an affordable auto loan. Wallace Auto Group has long-standing relationships with financial institutions and has been a staple of the Treasure Coast community for over 65 years.

Plus, we report to all major credit companies, meaning that you can boost your credit score and get right back on track in no time with our subprime financing options. This is a great way for building credit with the credit bureaus and establish good credit again where you will be able to apply for financial products from banks or credit unions.

When you take a loan, some banks will expect you to pay a certain portion (usually 5% to 15%) of the car value to the dealer before they release the Car Loan. This is called a down payment.

What then is a zero down payment Car Loan?

A zero-down payment Car Loan is when the bank offers to pay the entire value of the car as part of the loan. For example, HDFC Bank offers up to 100% finance on its Car Loans. That essentially is a zero-down payment Car Loan.

So, I don’t have to pay anything to own a car?

You may have to pay loan processing fees (a small percentage of your loan amount) to the bank. The price will also change in terms of state registration, road tax and insurance. Of course, any accessories you may need are not usually covered by a 100% Car Loan.

Who is eligible for a zero down payment Car Loan in India?

The eligibility criteria will differ from bank to bank, but here are some common factors that banks consider:

• Income: Your annual income should be above the eligible value. In fact, you should ensure that your Car Loan amount should be less than your net annual income.
• Years of employment or business: More than the prescribed years of experience in your job, profession or business
• Track record: A good credit track record (as reflected in your CIBIL score)
• Existing loans: If you are already servicing existing loans that may affect the amount of loan you can get
• Value of the car: The higher the value of the car, the lower the chances of you getting 100% finance
• Relationship with the bank: If you are an existing customer with a good track record, you stand a better chance of getting a zero down payment loan.

You can also read more on how to improve your chances of getting an approval on your Car Loan.

You can always check your Car Loan eligibility here.

What are the documents to submit for such a loan?

You will have to submit income, identity and address proof, besides the car documents. Check out the HDFC Bank website for the documents that you may need to submit:

If you are an existing HDFC Bank customer, you can get 100% finance instantly with minimal paperwork. Apply for a Car Loan now!

* Terms & conditions apply. Car Loan disbursal at sole discretion of HDFC Bank Ltd. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.

What is the easiest car dealership get approved?

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

What credit score is needed to buy a car with no down payment?

Can we buy a car without down payment?