If my co-signer has excellent credit, does that guarantee me the best possible loan terms regardless of my own credit?

Average Credit Score For Car Financing · Superprime: 781 to 850 · Prime: 661 to 780 · Non-prime: 601 to 660 · Subprime: 501 to 600 · Deep Subprime: 300 to 500 ... 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. An average new car buyer has a credit score of around 722. For used car buyers, the average hovers around 655. In 2023, the average credit score for drivers who procured new car loans was 741, and 682 for a used vehicle. 661-780 (prime): For car shoppers who fall into the prime credit score rating, you'll receive slightly higher interest rates than those who have superprime ... You don't need some magic credit score to get a car loan. Most people and most credit scores — good or poor — can get one ... ... vehicle information and amount needed to buy out the remainder of your lease. ... credit score at the time of application and the model year of the vehicle. Feb 17, 2024 ... What Credit Score Is Needed to Buy a Car? · Super prime: 781-850 · Prime: 661-780 · Nonprime: 601-660 · Subprime: 501-600 · Deep Subprime: 300- ... Mar 10, 2025 ... According to Experian, a target credit score of 661 or above should get you a new-car loan with an annual percentage rate of around 6.4% or ... There's no set credit score that's required to buy a car. Drivers can purchase vehicles with high or low credit scores. That said, most car loan borrowers have ...