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How do I qualify for an advertised 0% auto financing?

In general, only consumers with the highest credit scores qualify for 0% financing offers. Before you shop, check your credit report at one of the three nationwide consumer reporting agencies – TransUnion, Equifax, and Experian – and check for errors. Incorrect, negative information in your file could prevent you from qualifying for some offers. If there are errors, you can ask that the credit errors be corrected.

You should also know that 0% financing deals often require you to pay back the loan in a relatively short period of time, such as 36 months. In general, a shorter loan duration can be good for you because it means you will pay less interest over the course of the loan, but it means a higher monthly payment.

Sometimes you get a choice between the promotional financing (which provides a lower interest rate) and a manufacturer’s rebate (which results in cash). You should shop around for other loans from banks or credit unions to find out whether you will save more money by taking the manufacturer’s rebate and arranging your own financing.