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Yes the dealer sends your signed contract on to a loan broker possibly the company that makes the vehicle and they in turn run a credit report if your credit is not up to the standards for a zero percent loan it is not accepted you in turn do not have to purchase the vehicle since the terms you signed for are not accepted the contract is void. Let the dealer lower the price to you or go someplace else to purchase.

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Q: If you bought a new car and signed a contract for 0 percent APR and 3 weeks later the dealer called and said you were not approved at 0 percent and now your payment is over 100 more can they do that?
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