In order to qualify for a zero interest auto loan you must have a credit score of at least 680. Remember that you can get your credit report and credit score online from such sites as True Credit and Equifax.
If you credit report show that the score is negative or low than it will probably cost you more money because you will only be able to qualify for a higher interest car loan.
Beware as your car dealer may lie to you about what’s on your credit rating. So it will be a good idea to always take your credit rating with you.
A car dealers loan department is not the place to get carried away and start making hasty emotional decisions, and believe me – that is what they are counting on!
Most of the customers who go to the dealership unprepared often end up so confused and burned out that they gladly sign away anything to just get the deal done with. The dealership is in fact counting on you eventually being in this condition.
