Is 640 a recommended credit score for auto financing?

640 is a decent score. The score needed to get most of the advertised specials by the various manufacturers is normally a minimum of 720-750 or higher. If you have never had a car loan before 640 is a great score to start out with.

There are other variables that go into consideration for a loan. Time of current residence time at current job. You have to realize that the bank will probably never meet you, either face to face or on the phone, all they have is paperwork. So obviously the less risk the better. A 640 score with a 1 yr job and a 1 yr residence is not necessarily going to get the same interest as an applicant with a 5 yr job and a 5 yr residence.