What are some ethical considerations when asking someone to co-sign a car loan for me?

In 2023, the average credit score for drivers who procured new car loans was 741, and 682 for a used vehicle. 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 ... Oct 3, 2022 ... A 2022 report by Experian found that nearly 65% of cars financed in the United States were from borrowers with a credit score of 661 or higher. Generally speaking, banks require a minimum credit score of 600 to give an auto loan without any down payment. However, you CAN buy a car with a score of 400 ... 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 ... ... vehicle and 690 for a used car. Worthington drivers will probably be able to get bad credit car finance loans regardless of their credit score. That said ... Do I need to know what vehicle I am buying before I apply? No, you can get pre ... Rates shown are based on credit score of 740 or better and based on ... What credit score is needed to buy a car? Make a higher down payment. This will mean that you'll need to borrow less money. Shop around to different lenders and see how their car loan rates compare. 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.