I’m looking to understand the credit score requirements for qualifying for a 0% APR car loan. What is the minimum credit score typically needed to secure such a loan, and are there other factors that might influence approval?
Typically, to qualify for a 0% APR car loan, you’re going to need a credit score that’s in the “excellent” range, which generally means a score of around 720 or higher. However, dealerships often have their criteria, and they may offer better terms to those with scores upwards of 750. Beyond credit score, lenders will look at your debt-to-income ratio, employment stability, and overall credit history. Keep in mind that 0% deals are often reserved for new cars or purchased through specific manufacturers. If you don’t meet the criteria, consider negotiating the price instead of focusing solely on the APR.