What is a first-time buyer program?
Captive lenders relax their normal credit-history requirements (usually requiring 24+ months of credit history) to as little as 6 months for qualifying applicants — typically with a $1,000-$2,000 down payment minimum.
Brands with the best programs
Honda, Toyota, Hyundai, Kia, and Nissan all run formal first-time buyer programs. Limits typically include max MSRP ~$30,000 and term ~36 months.
What you'll need to qualify
Proof of income (last 2 paystubs), proof of residence, valid driver's license, and a co-signer or larger down payment if your credit is sub-650.