What Credit Score is Needed To Buy a Car?

 Your credit score is important when it comes to applying for new loans, but technically, there’s no minimum score needed to be approved for buying a car. A better score can increase your chances of getting a loan with better terms (i.e. low rates), but you can still get an auto loan with a below standard score.


The requirements vary from lender to lender, but there is no industry standard on a minimum score. All lenders create their own policies for financial factors and credit evaluation. They’ll look at multiple elements when considering you for a car loan, such as income, other debts, and on-time repayments from past loans. They can also use your auto-specific credit score, usually falling within a 250-900 range, and a higher score equals a lower risk for the lender. So, it’s always a smart move to pay your bills on time.


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