What’s Your Average Down Payment with Bad or No Credit?

Salesman counting money with customer

Buying a used Dodge Avenger, used Dodge Grand Caravan, used Chrysler 200, or other car with bad credit near Phoenix? Purchasing a used car, truck, van, or SUV in that position can be stressful, but you’re actually in a better spot than you might think: Making regular payments on a used Chevy Impala or other car loan on-time can actually improve your credit score, and make it easier to secure lower interest rates on other loans. What kind of down payments do Mesa area drivers make in that pursuit? Learn about their rationale here from Cactus Jack's Auto.

The Average Down Payment on a Car with No Credit

Before you go to purchase a vehicle, it’s important that you understand the car financing process. Most subprime lenders – banks and other institutions that give loans to people with bad credit or no credit – usually require a down payment of 10% on a loan, or $1,000, whichever is greater. So you’ll find that’s likely the most common down payment drivers in less-than-ideal credit positions around Surprise tend to make.

However, if you can afford a larger down payment, that can make a big difference in lowering your monthly payment, and achieving a lower interest rate on your loan – which means you’ll pay much less in the long run. You’ll also find it easier to meet the requirements for an auto loan. So if you’re asking how much down payment for a car with bad credit, the best answer is “as much as possible.”

Value Your Trade, Meet Your Down Payment with Bad Credit

If you’re trying to save money by purchasing a solid used car for only a few thousand dollars, that $1,000 down payment might seem like a looming number. But many drivers already have what they need to cover the most significant part of that down payment: their old car. Dealers like Cactus Jack's Auto offer trade-in allowances that can easily be applied to down payments, and sometimes even cover minimums like those faced by shoppers with bad or no credit. Find out how to trade in a car today!

Cactus Jack's Auto Can Help Buyers with Bad Credit or No Credit

Shoppers near Glendale know us as the dealer of choice for those with bad credit or no credit. Contact us, stop by our showroom, and talk with our knowledgeable salespeople and friendly finance experts. We’re sure to find a deal that works to improve your credit score, fit within your budget, and get you behind the wheel of the vehicle you need. Explore our used GMC inventory and get behind the wheel of one of our affordable trucks today.  Before you buy, read our guide on how to buy a car with bad credit to answer any additional questions you have.

More From Cactus Jack's Auto

  • The Importance of Regular Oil Changes

    Changing your car’s oil at regular intervals isn’t just a good idea — it’s a vital part of keeping your car’s engine running properly. The purpose of engine oil is to keep the internal parts of your car’s engine lubricated and cool. Without frequent oil changes, dirt and sludge can build up in the engine, and old,…

  • What is Direct and Indirect Finance?

    Between choosing a trim level and setting a budget, there’s a lot to consider when buying a new-to-you car. One of the most important decisions you’ll make is the financing method, so you’ll want to be familiar with the key difference between direct vs. indirect finance before you get started. So, what is direct and…

  • How to Calculate Gas Mileage

    All new vehicles are rated by the Environmental Protection Agency, commonly known as the EPA. As you may have noticed, many gas mileage ratings are accompanied by a disclaimer stating that “actual mileage may vary.” If you want to be sure that you’re getting the best possible mileage from your vehicle, you can learn…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

(602) 443-5225

Call Now

2440 W Camelback • Phoenix, AZ 85015

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Cactus Jack's Auto 33.5101018, -112.1115231.