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Posted in Auto Loans
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actor55

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with a credit score of 734 will i be able to finance a car for 0.9% interest rate

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Shop around.  If you can get a pre-authorized check, you can get as low interest loan (mine was 2.62% last year).  Could have gotten 0% for 60 months under the Toyota promotion last year  but would have lost out on the $2500 discount I got.

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Score alone won't determine that. Secondly, I wouldn't go by the VantageScore 3.0 scoring system used here as a base...I'd want to know my true fico8 scores.

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It is close and if you can get the score over 750 it would help. But remember what you see here is NOT what the auto lenders will see. Typically I am about 20 points lower to auto lenders then what I see here in CK or at least was as that was a few years ago.  Their models take into account different things and it is even possible yours will be a bit a higher.

So you might need a 770 or higher score to get that good of finacing. North of 800 is even better.  If you can, pay off all credit cards a month or so in advance to lower utilazation.

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interest rate

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would say you have less then 2% chance on getting any auto loan under 7% interest rate

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