How Do You Get 0 Percent Financing On A New Car?
Many car manufacturers support their dealerships’ efforts to move new car inventory by marketing 0 percent financing on new cars. Lenders generally offer the best credit terms and interest rates to borrowers with the highest credit ratings–usually somewhere in the range of 680 and 720. Ask point-blank, if necessary, to find out the point at which a lower credit rating will dictate that you get less favorable credit terms and interest rates. Maximize your chances to qualify for a car dealership’s best financing deal by obtaining a copy of your credit report in advance and ensuring that your credit score is at least in the 680 to 720 range. Improve your credit score by cleaning up any mistakes and troubleshooting any problems on your credit report. Consider returning to a manufacturer, specific dealer or lender with whom you have purchased and financed previous cars, as this history may add points to the calculation of your credit score. Do the math yourself to compare the savings avail
