Generally, you would require a FICO score of 700 or more to qualify for the auto loan, but in this case, you have to pay a good amount for the vehicles. But if you don’t want to pay a high amount for the car loans upfront, then you can apply for the no income car loan.
To get the no money down auto loan, you have to produce the paperwork of the standard paper loans, no matter whatever credit score you may have. It means that you would require the 2 last pay stubs that would prove the total amount which you have earned for the year. In case you are self-employed, then you have to produce the tax returns for the last 2 years. But don’t forget to review your credit report before submitting the report as the institution would check your credit score first.
In case you are in search of a bad credit auto loan no money down, then you would need a cosigner if you don’t want to make any down payment. Having a co-signer with good credit score will definitely help you to get the auto loan without any hassle. Another thing that you can do is to fix all the negatives on the credit report.
