How would I know if I qualify for a 0% auto loan?

What score would I need on my credit report? And why do I see some answers stating that 0% financing might not be worth it? Thanks!!

How would I know if I qualify for a 0% auto loan?
Honestly, about a 720 or better should get you to qualify for 0% @ 60 months, depending on what make you are buying. Some Car makers have what they call "Tiers", that you qualify for, like Nissan right now has 0.7% for 36 months on certain cars, and that incentive goes all the way down to "Tier 2" which is a 658 beacon and above. Nissan's "Tiers" start at "Tier 0" which is 740 or better and go down from there.
Reply:I would expect you would need a score at minimum between 660-680. You can check your score at: myfico.com for approx. $12.95. Dealers and bank's underwriters use different scoring models, but the 800 figure is too high. It is normally someone in the low to mid 700's that qualifies.You are entitled to a free credit report from each of the three bureaus, not a free credit score.





The 0% APR is normally worth it, but sometimes dealers give money back incentives that are more lucrative. You have to run the numbers both ways to make sure you are getting the best deal....and what is better in your own situation. If you have a trade in or good down payment, the lower APR is usually the way to go.





Here is way to view all the current incentives and rebates:


Example is for an SUV





Go to: edmunds.com


Under New Cars


Click on "See Pricing...." on the far left


Click on "SUV"


Then click on "incentives and rebates" on the bar across the top and you can see all the current deals alphabetically by manufacturer.
Reply:Every lender has different standards. You'll have to either apply or maybe the dealer can tell you what score you need to qualify.


0% is attractive, especially if you have a decent down payment. You'll have to compare the APR vs. the rebate if any to see which is better for you.
Reply:You should be able to get your credit score free on-line depending on what state you are in. You have to have a excellent score for 0% interest -800. The reason why they say it might not be a good idea is because dealers somehow find a way to "Get their money" read the fine print before agreeing to any of it .