Can I refinance my car loan if I have bad credit?

Jul 31, 2015 ... <---------------> Credit Score: 500-579 – The minimum credit score to buy a car falls in this range. When your credit score is in this range ... ... requires current proof of residence, proof of income, and your credit score. For a trade-in, the dealership will ask for your vehicle's registration and the ... There is no set-in-stone credit score to get a car loan. A poor credit score is not an automatic disqualifier, but it will likely impact your ability to get a ... Oct 12, 2022 ... Depending on the credit model used, your score can vary widely with lenders. Read on below for the two most common scores, FICO and FICO Auto. Sep 26, 2024 ... The minimum credit score needed for a new car may be around 600, but those with excellent credit often get lower rates and lower monthly payments. That being said, there's a big difference in the loan rate. If you possess a credit score around that 713 number, you may see an interest rate around 5 percent. May 17, 2022 ... Your credit score can influence your auto loan's interest rate and total cost. Learn how you can help lower the rate for your next car. Mar 31, 2025 ... For the FICO® Score☉ , a good credit score is 670 or higher. Here's what you need to know about how your credit score affects a car loan, what ... Generally speaking, the average credit score to finance a car is 722 for a new vehicle and 655 for a used vehicle. Sep 16, 2024 ... A number of lenders use the FICO Score 8 and 9 or VantageScore 3.0. However, there is also an industry-specific score that many lenders use, known as the FICO ...