Borrowers with excellent credit can qualify for a car loan without making a down payment. These loan options are also called “100% financing.”
For borrowers with a short credit history or poor credit score, it is very difficult to qualify for a loan with no down payment. These borrowers usually need to put down at least 10% of the price of the car to be considered for a loan.
Remember, there are other costs involved in buying a car, including title and registration fees, insurance, and taxes. A down payment reduces the amount you are borrowing, but it does not change these fees and taxes.