What Type Of Car Loan Can I Get With A 700 Credit Score?

Can I get a car loan with 700 credit score?

Getting a car loan with a 700 credit score

Buying a car is less stressful when you have a good credit score to show the lender. If you apply for car loan through a bank, a 700 credit score may not be good enough for approval at the best terms if you have a shorter credit or employment history.

What kind of loan can I get with a 700 credit score?

Student loans, car loans, and mortgages can all be refinanced at a lower rate if you have a recently improved credit score.

Refinance old debts.

Credit ScoreAuto Loan Refinance Rate
750 or higher3.39% for 60 months
700 to 7493.39% for 60 months
650 to 6995.49% for 60 months

What kind of interest rate can I get on a car loan with a 700 credit score?

A Higher FICO Score Saves You Money

700-7593.878 %
680-6994.055 %
660-6794.269 %
640-6594.699 %
620-6395.245 %

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What is a decent credit score to buy a car?

A good credit score to buy a car is usually above 660, which is the minimum score to be considered a “prime” borrower by Experian. However, there’s no industry-wide, official minimum credit score in order to qualify for an auto loan.