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 Score||Auto Loan Refinance Rate|
|750 or higher||3.39% for 60 months|
|700 to 749||3.39% for 60 months|
|650 to 699||5.49% 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
3 more rows
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.