Because she financed the entire purchase price, taxes, and fees, her monthly payments were slightly higher than if she had made a down payment.

Maya needed a reliable car for her new job, but her savings were limited. She found a dealership advertising .

What Is a Good Credit Score to Buy a Car With No Down Payment?

Maya didn't have to wait months to save thousands of dollars, allowing her to secure the vehicle immediately.

(since 0 down lease means no payment at signing) Calculating the interest cost difference Let me know which of these would help your situation.

She paid more over the life of the loan due to higher interest rates often associated with these loans.

She got the car right away without a big upfront hit to her bank account.

With a credit score in the 670 range, she was approved for a 0-down loan, though the interest rate was higher than a conventional loan. Key Takeaways from the Scenario: