What credit score must one have to be approved for a 0% auto loan?

Has any one ever qualified for a 0% auto loan? And if you did, what was your credit score? How many years was your auto financed? 36, 48, 60, or 72 months?





Thanks.

What credit score must one have to be approved for a 0% auto loan?
This depends on the lender. Not all have a specific FICO cutoff. Many new car lenders use a tier level system, which can make it possible for someone with a low score to still qualify for 0%.





Tier systems take into account many factors including 'debt-to-income', 'loan-to-value', income, job history, residency, and credit. If they offer 0% for the first 3 tiers, then someone can have score in the 500's and still get 0%. Keep in mind that not all lenders are like this, so good luck and I hope this helps.
Reply:It'll depend on who's paying for the loan. That's a promotion, and you'll have to ask whoever's running the promotion.
Reply:its up to the bank. no less than 725 on average. and just about never late on any payment in ur life.
Reply:680 credit score is passing for an auto loan. It's harder to get approved on an auto loan than a house, because if you don't pay your house payment, the bank knows where the house is, they will just come and take it. But with the car, once you leave the dealer's lot, they may never see you or the car again, you can go anywhere.





I purchased a brand new car in 2007 and my credit score was 690. My interest rate is 7.12% and the loan is for 60 months....it was a $14,000 car and I pay $270 per month NO money down, I even financed the fees and taxes!
Reply:You would only be able to get that kind of deal if the dealership is having a promotion. And I would say that you'll need excellent credit, either in the high 700's or somewhere in the 800's.
Reply:THere is no 0% interest loan