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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. Sep 16, 2024 ... A number of lenders use the FICO Score 8 and 9 or VantageScore 3.0. However, there is also an industry-specific score that many lenders use, known as the FICO ... Jan 24, 2025 ... There's no universal minimum credit score required for purchasing a car. However, credit scores play a central role in the car-buying process. What Credit Score Is Needed To Buy a Car? · While you can find financing with any credit score, a good credit score for a car loan is usually between 670 and ... 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 ... 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. Always dreamed of a shiny new car right off the lot? Get the financing you need for the vehicle you want. Fixed interest rates. Shop and buy knowing what you'll ... Credit Score to Finance a Car: What to Expect · Superprime: 781 to 850 · Prime: 661 to 780 · Non-prime: 601 to 660 · Subprime: 501 to 600 · Deep Subprime: 300 to 500. An average new car buyer has a credit score of around 722. For used car buyers, the average hovers around 655. 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 ...
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