May 15, 2019 · Learn about the differences in credit scores, what credit scores are used by car lenders, how to check your auto score and more.

5 days ago · According to Experian, a target credit score of 661 or above should get you a new-car loan with an annual percentage rate of around 6.4% or better, or a used-car loan around 9.95% or lower....

Mar 7, 2025 · Most borrowers need a FICO score of at least 600 to get a competitive rate on an auto loan. If you have a low credit score, you may still qualify – but you should consider building your score...

Apr 27, 2023 · While it's possible to get an auto loan with nearly any credit score, most lenders are looking for buyers in the prime credit score range with a credit score of 661 or above for the best terms and rates. There's no set minimum credit score required to get an auto loan.

Sep 16, 2024 · You can check your FICO Auto Score using MyFICO, which has both a free option and paid tiers with more features, like specific scores for mortgages and auto loans and $1 million identity theft...

Oct 14, 2024 · On average, a new car buyer with an excellent credit score can secure an average interest rate of 5.08%, but that average jumps to 15.43% for borrowers with poor credit scores. For used car buyers, those averages range from 7.41% to …

Mar 7, 2025 · To find the best auto loan rate, shop around and work to improve your credit score if it isn’t in the best shape. Lenders base interest rates primarily on your credit score, but it is still...

Oct 20, 2022 · FICO® credit scores are meant to help lenders determine how risky you are as a borrower. But some scores are better tailored at calculating how risky you are for specific credit products, like the auto loans.

May 17, 2022 · What Credit Score Is Needed to Buy a Car? Your credit score can influence your auto loan’s interest rate and total cost. Learn how you can help lower the rate for your next car. In general, the higher your credit score, the lower the rate on your auto loan.

Nov 5, 2021 · Unless you plan to buy a new car in cash, your credit score can play a critical role with how well you qualify for the best auto loan terms. The credit score to buy a car for many lenders will vary — some offer flexible requirements like no bankruptcies while other eligibility standards hone in on simply being of legal age to enter a contract.