07-25-2010 07:11 PM - edited 07-25-2010 07:38 PM
I need to get a new car very soon and some places have the 0% APR going on. I've read some posts in these forums that say you can be considered a "well qualified buyer" if you have a score of 720+ but others say you need 760+.
Currently I have EQ 729 and TU 738. I have a job and only have about 15% debt but I have never had an auto loan. I also have 17+ yrs credit history.
Just wondering what anyone's thoughts or experiences are. Thanks.
07-27-2010 03:30 PM
07-27-2010 04:49 PM
Toyota is offering 0% for Tier 1 - Tier 3 scores, which supposedly start at 650, so I'm pretty sure you'd qualify there. I've also heard that Mazda has pretty low score criteria for 0%. I'm planning on applying with Mazda later this week, so I guess I'll find out.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO