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What credit score is required to get a car loan?
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jelletburges Posts: 1
Posted On: 6/27/2022
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What credit score is required to get a loan on a car?
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Moderator Moderator Posts: 4141
Posted On: 6/30/2022
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Hi there,
Thank you for sharing your question with us.
You may find some helpful information in the Settlement.Org article, What Should I Think About When Buying a Car?
While there is no universal stated minimum, your credit score will impact whether or not you are approved for a car loan and how much interest you pay. Someone with a higher credit score will typically pay lower interest rates. You can learn more about credit in the Settlement.Org articles, What affects my credit score? and What do I need to know about my credit history and score?
We hope this information is helpful, please follow up with us if you have any further questions.
Sincerely,
Your Settlement.Org team
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samui Posts: 1
Posted On: 11/1/2022
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its interesting topic. I have plan to win money in casino and buy car
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devamona Posts: 3
Posted On: 3/5/2023
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That's interesting to know.
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JeremiahCounts Posts: 1
Posted On: 10/21/2023
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Thanks for the link, I appreciate it. If I still want to know more, I will message here or will start my own thread.
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alexcray Posts: 68
Posted On: 3/12/2024
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jelletburges wrote:
What credit score is required to get a loan on a car?
Getting approved becomes challenging, but not impossible. You might need a co-signer with good credit or lenders specializing in subprime loans (with even higher interest rates).
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