What are the potential consequences of defaulting on my car loan?

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- ... Get New Auto Loans and Used Car Loans at low rates from Mountain America ... What kind of credit score do you need to get a car loan? The credit score ... 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. ... 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. 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. Mar 19, 2025 ... For example, if your score is 750 or higher, you might be able to land an interest rate as low as 4%. But if your score sits in the 600–649 ... Credit Estimator for Vehicle Financing in Baxley, GA. When it's time to make a monumental purchase like a new vehicle or a house, it is important to know where ... Nov 5, 2021 ... Scores starting at 670 are categorized as “Good” by FICO. These scores can begin to earn more attractive incentives like a lower annual ... During Q4 of 2018, the average credit score of borrowers who received financing for a new car was 718, as well as 659 for a used car. Mar 31, 2025 ... For the FICO® Score☉ , a good credit score is 670 or higher. Here's what you need to know about how your credit score affects a car loan, what ...