How long do late payments stay on my credit report?

The average credit score needed to finance a car will vary depending on whether you buy new or used, and on your current financial situation. Are you worried about getting an auto loan because your credit score isn't as high as you'd like? Don't worry. Read this to learn how much credit you need ... 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. Jul 19, 2024 ... What credit score do you need to buy a car? · A good credit score to buy a car is often above 660, as you're then considered a "prime" borrower. If you're worried about your credit score as you prepare to apply for a car loan, allow Joe Morgan Honda to give you some insight on credit scores needed to ... 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 ... 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. 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 “ ... Jun 29, 2023 ... Most used auto loans go to borrowers with minimum credit scores of at least 675. For new auto loans, most borrowers have scores of around 730.