Is it difficult to qualify for 0% financing on a car?

"Can anyone qualify for 0% financing? While shopping around for a new car I saw that the local dealership is offering 0% financing."

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Johnny Puckett
Answered on Jul 28, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
“Those advertised 0% interest car loans are very hard to qualify for.
Usually only borrowers with a credit score of over 800 can get that deal for a new car.
However, dealerships usually do have a reduced financing deal that runs at the same time. So those that don’t qualify for 0% will usually still qualify for low interest, though keep in mind you can find a similar deal at a credit union or bank as well.
It also helps to have a sizeable down payment to reduce the monthly payments and total interest charged.”
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