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Jul 25, 2024 ... You typically need a FICO® Auto Score of at least 670 or a VantageScore® (3.0 or 4.0) greater than 661 to get a traditional car loan with good terms. 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 ... Mar 7, 2025 ... Key takeaways · There is no minimum credit score required to buy a car, but most lenders have minimum requirements for financing. · Most ... Feb 28, 2025 ... There is no universal credit score requirement for car finance. Each lender uses different criteria when assessing applications. Generally, a ... To buy a car, a credit score of around 660 or higher is typically needed to secure favorable loan terms, though higher scores can lead to better interest rates ... Mar 5, 2024 ... Quite frankly, I do not see the need to go into further debt. Buying a new car is not a smart idea. Think about all of that interest you will be ... While there's no one-size-fits-all answer to the question of what credit score is needed to finance a car, aiming for a score above 620 is a practical goal to ... 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 “ ... Nov 8, 2024 ... There's no standard minimum credit score required for a car loan, but people with lower credit scores might have to pay more interest than ... So keep in mind that the credit tier you fit into can vary depending on who you're financing with. Conditions and Requirements. Depending on your credit score ...
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