Can I buy a car with a credit score of 550?

Jan 24, 2025 ... There's no universal minimum credit score required for purchasing a car. However, credit scores play a central role in the car-buying process. Sep 26, 2022 ... So, what if your credit score is below 720? A score of 690-719 is considered good credit and still gives you wiggle room at the dealership. A ... Do I need to know what vehicle I am buying before I apply? No, you can get pre ... Rates shown are based on credit score of 740 or better and based on ... Apr 11, 2024 ... Applying for a luxury auto loan often requires a credit score of at least 700. Many lenders prefer a “very good” credit score of 740-799 or an “ ... The average credit score of auto shoppers in 2020 is 721 for a new vehicle and 657 for a used car, along with other credit score categories which are broken ... Jul 7, 2020 ... So, what credit score do you need to buy a car? There's no official industry standard minimum credit score that you need to secure a car loan. When buying a new or pre-owned Mercedes-Benz, many car shoppers often ask, “What is the credit score needed to finance a vehicle? Sep 8, 2022 ... Before you take out a loan to buy a new car, consider how that loan can affect your credit down the road. Mar 18, 2025 ... The credit score required and other eligibility factors for buying a car vary by lender and loan terms. Still, you typically need a good credit ... Apr 16, 2021 ... You will likely need a credit score of 500 or above to qualify for an auto loan. A credit score range of 780 or better typically gets you the best rates.