Can You Get Free Grant Money to Buy a Car?

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If you're in the store to buy a new car, make sure you are tapping into all of your resources to finance that vehicle. You may be eligible to receive free grant money to help you purchase or lease a new car, and this is money that will never have to pay back.

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Every year, billions of dollars is free grant money is given away to individuals for a range of personal reasons. Some grants are specifically to help population pay off debt, some are to help first time home buyers purchase a new home, and there are even grants ready to sustain you with the purchase of a new vehicle.

Depending on the exact grant you apply for, the money you receive may help you pay for the car in full, but more likely the funds will help with a down payment. Whether way, applying for a new car grant does not want a down payment of your own, there is no prestige check, and you don't need a cosigner or collateral.

Just because you apply does not certify that you'll be beloved for the grant, but you can apply as many times as you like and for as many grants as you like. The eligibility requirements vary from schedule to program, as do the amounts of money being awarded. One thing you can count on is that once approved, you will never have to pay the money back. Just use the money for the purpose agreed upon when you submitted your grant request, and it's yours to keep.

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