Down Payment Financial Provides Loans That Can Be Used As Auto Loan "Down Payments"
GET APPROVED FOR YOUR DOWN
PAYMENT BEFORE YOU EVEN IDENTIFY
Which CAR TO BUY
- Our Down Payment Loans range from $500 - $3,000.
- Our Down Payment Loans provide you with Immediate Shopping Power.
- We deliver Fast Approvals with a Decision In Seconds.
- Car Shop Wherever You Like
- Finance your car with whatever lender you like using our Down Payment Cash
WE ACCEPT ALL CREDIT PROFILES
- Strong Credit, Weak Credit, and No Credit can all be accepted by Down Payment Financial
- Fixed loan terms with a minimum of 3 months up to 24 months.
WHY CONSIDER A DOWN PAYMENT LOAN?
- A down payment of 20% is recommended on new cars and 10% on used cars.
- Bad credit Car Buyers typically need even higher Down Payments.
- We offer a solution for strong & weak credit individuals to bring a Cash Down Payment to the table when purchasing a new or used car.
- Our Down Payment Loans help you to qualify for the car you want with better rates & terms.
WHAT ARE THE RISKS OF A DOWN PAYMENT LOAN
The biggest risk is that you will have two separate car payments. One payment for your down payment loan and one payment to your primary lender who finances your car purchase.
It is important to ensure you have sufficient income to cover the payments on both loans. Many people who buy homes often take out two separate loans in which one loan is used to cover Many home buyers without a 20% down payment take out a second loan to cover their down payment.
WHY CHOOSE DOWN PAYMENT FINANCIAL?
- Most Auto Lenders require a Down Payment of 10-20%.
- Car Buyers with Weak or No Credit may be required to make larger Down Payments.
- Down Payment Financial provides Auto Loan “Gap” Financing in the form of a Down Payment Loan
- We provide Fast Approvals and can fund directly to your Car Seller of choice in 24 hours.
- We do not place a lien on your car title
HOW DOES DOWN PAYMENT
FINANCIAL WORK?
Customer receives written confirmation of Approved Funds that can be applied only toward a car down payment for a vehicle purchase.
Customer receives written confirmation of Approved Funds that can be applied only toward a car down payment for a vehicle purchase.
Customer shops for the car of their preference wherever they like that best suits their budget.
Customer arranges financing for their car purchase wherever they like using Down Payment Loan proceeds.
Customer emails Down Payment Financial a copy of the Auto Purchase Statement or Invoice from the car seller with wiring instructions to the Car Seller.
We fund your approved Down Payment Loan Funds direct to the Car Seller in 24 hours.
Our Loan Agreement with You is automatically executed online and we provide white glove customer service in servicing your loan.
Customer completes our online application and can receive an approval in seconds.
Customer shops for the car of their preference wherever they like that best suits their budget.
Customer emails Down Payment Financial a copy of the Auto Purchase Statement or Invoice from the car seller with wiring instructions to the Car Seller.
Our Loan Agreement with You is automatically executed online and we provide white glove customer service in servicing your loan.
Customer receives written confirmation of Approved Funds that can be applied only toward a car down payment for a vehicle purchase.
Customer arranges financing for their car purchase wherever they like using Down Payment Loan proceeds.
We fund your approved Down Payment Loan Funds direct to the Car Seller in 24 hours.
WHAT IS THE LOAN
CRITERIA TO APPLY?
You must be 18 years or older with a valid government ID
You must have an Active Checking Account
You must have Steady Monthly Income of at least $1,000
You must have a valid email address and smartphone number
WHAT IS LOAN CRTIERIA FOR FUNDING?
Email us a copy of your Auto Purchase Agreement or Purchase Invoice
Email us wiring instructions to your Car Seller
We fund in 24 hours and place no lien on your car
About Us
Down Payment Financial is the only consumer finance company focused exclusively on equipping customers with cash that they can use for a down payment to purchase a vehicle of their choosing from a seller of their choosing using an auto lender of their choosing.
We seek to improve the negotiating leverage for our customers when they go through the car buying process.
Our company was founded by industry veterans who have experience providing loans to all types of credit profiles including Bad Credit and No Credit applicants. We strive to find a way to approve almost everyone to empower them to move forward with their car buying process with greater confidence.
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