What is considered a prime credit score?

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 2023, the average credit score for drivers who procured new car loans was 741, and 682 for a used vehicle. 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 ... There is no set-in-stone credit score to get a car loan. A poor credit score is not an automatic disqualifier, but it will likely impact your ability to get a ... The average credit score to finance a car for drivers who bought cars in recent years was 721 for new vehicles and 657 for used vehicles. Theaverage credit score to finance a car is 660, but every credit score is grouped into one of five categories. 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 ... Jul 31, 2015 ... <---------------> Credit Score: 500-579 – The minimum credit score to buy a car falls in this range. When your credit score is in this range ... Feb 28, 2025 ... There is no universal credit score requirement for car finance. Each lender uses different criteria when assessing applications. Generally, a ... The average credit score of auto shoppers in 2020 is 721 for a new vehicle and 657 for a used car, along with other credit score categories which are broken ...