They say what happens in Vegas, stays in Vegas. If zero down auto loans exist for people with bad credit in Las Vegas, we rarely hear of them. In fact, finding a no money down car loan with poor credit in Sin City is like hitting a big jackpot on the slots – statistically, your chances of it happening are slim. However, just because zero down auto loans are rare doesn't mean you can't find a bad credit car loan in Las Vegas.

Don't Skip the Down Payment

Las Vegas Zero Down Auto LoansTo qualify for a zero down auto loan, your credit score usually needs to be higher than average. Not all lenders offer zero down payment car loans, and even if they did, it's not wise to skip the chance to make a down payment if you have poor credit. By putting money down, you can save yourself money over the term of your loan.

This happens because auto loans are simple interest loans that charge interest daily based on the balance of your loan. Because a down payment reduces the amount you borrow, it allows you to save money based on how simple interest works. This also means that the more you put down, the more you're going to save down the road.

How Much Down Payment Do I Need?

Even though you're not likely to come across a zero down car loan with bad credit, you may not have to put down that much. The down payment required varies by lender, but a bad credit auto loan typically means a down payment of $1,000 or 10 percent of the vehicle's selling price, whichever is less.

If you purchase a reliable used car that costs $13,000, it's likely you only need $1,000 for a down payment. If you're unsure of how to come up with that kind of money, don't worry – your down payment doesn't all need to be in cash (so don't go hitting the tables to come up with money to put down!). A down payment can be made in cash, trade equity, or a combination of both.

If you don't have $1,000 saved, you can get your current vehicle appraised by a dealer and use the trade-in equity toward the down payment. There's equity in your car if you owe less on your loan than the vehicle is worth. If you own a car outright, meaning there's no lien or co-owner on the title, then any value the vehicle has counts as equity.

Skip the Sin in This City, Not the Down Payment

If you need to find a dealership in Las Vegas to work with your credit situation, but don't want the hassle of driving all over town to do it, let us do the searching for you.

Here at Drivers Lane, we work with a large network of special finance dealers that work with the lenders you need to help with your bad credit, no credit, or even bankruptcy situation. Don't hesitate, just fill out our easy, fast, and free auto loan request loan form now and we'll start the search for you!