If I have a short credit history, what steps can I take to demonstrate creditworthiness to lenders?

An average new car buyer has a credit score of around 722. For used car buyers, the average hovers around 655. In 2020, the average credit score for drivers getting auto loans was 721 for a new vehicle and 657 for a used 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 ... Are you looking to buy a new car but you want to know more about how your credit score can affect your financing opportunities? What credit score is needed to buy a car? 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 “ ... Apr 6, 2023 ... The minimum credit score to buy a car can vary by finance company. Generally, a score of 600 or better can help you qualify for auto financing. Need more reasons? Fast & Easy. Get approved online in just 2 minutes. 99 ... What is the lowest credit score to buy a car? Some lenders, particularly ... Average Credit Scores For Vehicle Financing · Superprime: 781 to 850 · Prime: 661 to 780 · Non-prime: 601 to 660 · Subprime: 501 to 600 · Deep Subprime: 300 to ... Generally speaking, the average credit score to finance a car is 722 for a new vehicle and 655 for a used vehicle.