Can you get a car loan with zero money down?

Yes, zero-down car loans exist, but they're less common than they used to be and come with tradeoffs. Most lenders today require at least some cash down—typically 10 to 20 percent—because it reduces their risk if you default. However, many lenders still offer $0-down options, especially for buyers with decent credit or a trade-in to put toward the purchase. The catch is that zero-down loans usually mean higher interest rates, larger monthly payments, and you'll owe more than the car's value right away (being "upside down" on the loan). Your approval odds improve significantly if you have a trade-in, steady income, and acceptable credit. Some lenders focus specifically on $0-down buyers and will shop your application across multiple sources to find the best fit. The process typically takes longer because lenders scrutinize these deals more carefully—they want proof of income, employment stability, and often a cosigner if your credit is thin. The real cost of $0 down isn't just the higher rate; it's the payment size and how long you're underwater on the loan. If you can scrape together even 5 to 10 percent down, your rate and payment drop noticeably. That said, if you have no savings and need reliable transportation now, $0-down is a real option—just go in knowing the monthly cost will be higher. Elite Edge specializes in $0-down approvals and shops multiple lenders to find the lowest rate available for your situation. Start with the 60-second Pre-Qualify at eliteedgeautobroker.com/PreQualify or text (954) 907-2386 to see what payment range you're looking at.

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