Don't qualify for 0%, but do for 2%?

[joelster]

Originally Posted by Jason@JacFab

I don't know if this is 100% true, but a friend of mine worked at the local Cadillac dealer for several years. He told me that to qualify for 0% you had to have a credit score of 700 or higher.

It's always a good idea to check with your local credit union.

100% correct on the score. My dealer told me that once a bank sees the 700 number you qualify for what they call "prime rates"

[LStick]

Originally Posted by GriffJ

.......... The day after the 0% expired they came back with 5.9% and I told them to go away.

Smart move cutting the cord from them.

[baum]

sounds to me like they just wanted their cut. keep in mind that interest rates are negotiable.