What are some questions I should ask a lender about their requirements for car loans based on credit score?

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 ... Are you looking to buy a new car but you want to know more about how your credit score can affect your financing opportunities? Some lenders will use the industry-specific FICO auto score. You will likely need a credit score of 661 or higher to qualify for an auto loan with a good ... The general credit score requirement for car financing is around 661 or above. According to current rate estimates, that score should get you a new car loan ... Credit scores are maintained by the national credit bureaus and include debt like credit cards, auto loans or student loans. Your score is influenced by ... In 2019, the average credit score for a new car loan was 715 and the average credit score for a used car loan was 662. 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. 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. If you're thinking about getting a vehicle in Van Buren, you might be curious if you have a good credit score to finance a car. Find out more with Spitzer ... An average new car buyer has a credit score of around 722. For used car buyers, the average hovers around 655.