Who gets 0% dealer financing anyway?
While it is true that there may be restrictions on the amount that can be financed, the number of months available to finance, and particularly, the credit scores required to qualify, 0% dealer financing is available for those who meet the guidelines. Many people will not qualify for 0% financing, but the prospect of getting that rate can lure people into the dealership before they’ve done their homework. So before you head straight to the dealer to see if you qualify, do all of the appropriate homework first to know what you want to buy, what rebates and incentives are available, etc. Currently, GM and Chrysler are offering great rebates to anyone who is a member of a credit union. Finally, have a fallback plan for financing if you don’t qualify for the 0%. Getting preapproved for a low interest auto loan before you ever walk on the first dealer’s lot can give you more negotiating power and won’t leave you vulnerable to a last minute dealer financed rate that could end up well above t
