How to Qualify for 0% Financing

Zero percent financing may seem too good to be true, but here at Woodhouse Ford of Omaha, we make it our mission to match you with the perfect car at the perfect price. That’s why we offer so many financing tools and resources, and why we’re sharing everything you need to know about qualifying for zero percent financing.

Zero Percent Financing at a Glance

Zero percent financing essentially means that you don’t pay any money to borrow money, which can mean big savings in the long and short term. That said, the requirements for qualification are high and they can change, depending on where you’re financing and who you’re financing with. Here are a few factors that can help to boost your likelihood of qualifying for zero percent financing.

Raise Your Credit Score

Your credit score essentially tells lenders how risky you are to lend money to. The higher your credit score, the more favorable your loan options and terms may be. Typically, to qualify for zero percent financing you need a credit score over 750.

Balance Your Debt-to-Income Ratio

While your credit score can tell lenders about your history of repayments, they’re also interested in the future of repayments. That’s why your current debt-to-income ratio is so important for potential lenders.

Looking at the rate of what you owe compared to what you make can provide them insight into how you use your resources and when they can expect to see their money returned.

Put Down a Large Payment

When you provide the dealership with a large down payment the day you take your Ford vehicle home, you greatly increase the possibility of qualifying for zero percent financing. It shows the lender you have resources and they have less to lose.

Here at Woodhouse Ford of Omaha, we’ll help you to find favorable term options for your next vehicle. Visit our dealership for financing tools and support, and begin testing out the next great ride today.