Asked in Car BuyingAuto Loans and FinancingCredit ReportsImproving Your Credit Rating
Car Buying
Auto Loans and Financing
Credit Reports
Improving Your Credit Rating
If you have a credit score of 540 do you need a co-signer to buy a car?
Answer

Wiki User
November 01, 2007 7:52PM
Maybe, maybe not. Different lenders have different requirments, not all just based upon the credit score. Prior credit. down payment, length of loan, age of vehicle, employment status and length, etc., etc., etc. Best thing is to gather the information on the vehicle and ask the financial institution you already deal with.
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Looks like your 606 falls into the 'good' area ... but one should
always strive to get to at least 680 or above.
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