What are the requirements for a zero-down payment car purchase?
1 Answers
You must be at least 24 years old. If underage, a parental guarantee is required. Necessary documents include: driver's license, bank statements, ID card, and marriage certificate (both spouses' credit reports and qualifications must be provided). Below are relevant details: Suitable plans: You need to consult with automotive companies about eligible programs, as not all vehicle models qualify for zero-down payment purchases. Installment payments: The beneficiaries of car installment payments are banks or financial institutions. Since many banks now have higher thresholds for auto loans, more financial companies - especially those affiliated with automobile manufacturers - have begun offering convenient loan services to customers.